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Think ahead. Establish policies before you need them. Doing so helps avert crises and awkward situations, and helps solve problems before they arise.
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Determine what policies you need. Some you’ll want early in your business include a mission statement, as well as compensation, performance evaluation and employee policies.
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Get input from key employees, as well as from members of your advisory board, your board of directors, and/or your professional advisors and consultants.
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Communicate policies to everyone in your business.
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Review policies on a regular basis—once a year, for example—and revise them as necessary.
Brought to you by SCORE "Counselors to America's Small Business."
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