1.PLANNING: The most important thing when you form a company is to set certain goals and to achieve these goals you require to do planning to make policies accordingly which help you to do so.
2.ORGANISATION: The next step is to build your organisation by recruiting the right person for the right position at top positions keeping in mind the objectives of your company and your resources.
3.STAFFING: Now you should give free hand to each department head to recruit the staff under him and make them directly accountable for the results.
4.DIRECTION: Now tell each department head to give clear direction to each his staff that what is there role in the set-up and what they have to deliver in certain time span?
5.COMMUNICATION: This is the most important thing to ensure that there should not be any communication gap between the employees and specially with their seniors.They must communicate in writing through e-mails or inter-office Memo and there should be a monthly meeting of staff with their H.O.D.
6.CO-ORDINATION: This aspect is as important as communication.Since to be successful team co-ordination between each department is essential for the success of any organisation.
7.REPORTING: For having clarity in your work it is essential to have a clear reporting system and their should not be any duality in the reporting system because its create confusion.
8.BUDGETING: This is most crucial aspect of success of any organisation.Everything depends on finance and you have to do the budgeting as per your resources and accordingly you have to fix salaries of your staff and sales promotion expenditures.So your financial head must be a very competent person.