Setting The Right Structure for Overseas

What are the key objectives when I am overseas?

I must limit the face to face interactions but also set up the necessary structure to get the right information to the right people.  Start off be limiting time in the outlet.

I must be able to batch decisions into a timeframe so that I can do a lot of work at once.  Try to avoid making on the spot decisions, instead give staff the authority to make a decision up to a certain cost.

I must not be the bottleneck for information or decisions.  Hence all reference guides and where to get items (especially IT) need to be up to date.

I should give Mary the ability to sign cheques up to $5K, so that suppliers and minor cheques can be processed easily.  She should get GIRO access?

I must be prepared to let go, and even be prepared for no income from the business.  Just because this is my current income does not have to make it the only one.

I must still be able to watch the business.  Focus on the P&L, Monthly Reports, COGS, Sales Mix.

Do not work for work's sake.  Find things to do outside of the business.  Consider new business ideas, new directions.

We must be financially solid before I leave, so that we can pay our suppliers properly.  On the flip side, we should push for more 60 day credit terms.