Company+Formation

= Business Day =

Ice Breaker Social Enterprise Skills Audit Company Formation Wiki Ideas Exchange Business Plan

Company Formation Now that you are aware of what the project involves and the skills within your group it is time to form your company. First you need to be aware of two really important business documents that you will need to complete. Agenda  The agenda is a list of what needs to be discussed at the meeting. Without an agenda meetings are often lengthy and non-productive. There are some items which are ALWAYS included in an agenda (in your first agenda these are highlighted). Other items will have been added because somebody has asked for them to be discussed. There is always a chance to discuss anything not included in the agenda. Minutes  All company meetings need to have a record of what happens - this record is called the minutes, at each meeting somebody (usually the company secretary) will take the minutes. The minutes are usually jotted down by hand (often on a printout of the agenda) and then typed up after the meeting. They need to record the important decisions & tasks NOT everything everybody says. After the meeting the minutes are usually emailed to all of the attendees. =Positions= Within a company key personnel have key positions. Not every company has all of the personnel but yours will. In some companies (sole traders) one person just does all the jobs!

Managing Director
Often the public face of the company the managing director will take charge of the meetings and steer everyone through the agenda.

Company Secretary
In charge of keeping the records and ensuring everyone is up to date with the correct paperwork. The company secretary will take the minutes and distribute them to all the staff.

Sales Director
In charge of overseeing the sales, this may be the person who holds all of your profits and keeps track of your income and expenditure.

Marketing Director
In charge of the marketing strategy the marketing director oversees all of the advertising and promotion.

Task
Conduct your meeting according to the Agenda you are being given. Make sure the company secretary records the minutes to distribute to your team.

Task
The managing director should write up who has taken each role on a new page on your flipchart - later you will add more company information to this page. Add this information to the front page of your wiki. Each person should now set up a wiki page for their role - later you will each put information about your own performance on these pages.

The Name Game!
BRAINSTORM some company names - think dynamic, think exciting, think innovative, think simple, think buzzy, think people, think entrpreneurial, think unusual, think funny, think memorable, think crazy JUST THINK! REMEMBER - names may have already been used.....think about what association you want with your brand. Brainstorm all the names you come up with on a new flipchart page and as a team choose one - write your chosen name on your company information page on your flipchart and your Wiki front page. Ice Breaker Social Enterprise Skills Audit Company Formation Wiki Ideas Exchange Business Plan