Small Business in a Big World

November 6, 2009

Small Business Management Tip Number 1: Set Rules for your Business

Filed under: Uncategorized — itbiznez @ 6:42 am
Tags: ,

Building a strong small business foundation is not easy. It requires an accurate and good discipline in managing your business. There are no exact formulas or requirements to create a successful business. As long as you know some basic rules, you can get your business going toward your goals.

The first rule to begin using your Policy and Procedures is to set rules for your business. This simple way may provide a foundation for efficiently managing the company. Setting of rules should be done by the business owner itself. This is true and applicable to each individual company. The management should always follow through with every rules they have setup for the business. There should be a continuing effort to enforce the rules. The use of rules and a standardization of enforcement will give your small business a strong foundation. This will help your company build a series of Policy and Procedures. Through this, your employees will enforce to work within the set of guidelines and rules.

The thing is you must keep your initial set of rules simple. With the continuing growth of your small business, you must also expand your rules to meet the demand of growing opportunities in your business.

1 Comment »

  1. Hello,

    I would have to definitely agree. The rules a business owner sets forth represents what your small business is all about for example their values what their purpose is etc. If you could help me out what kinds of rules are you talking about? Can you embellish? Thanks and have a great day.

    Comment by heathernramirez — August 4, 2010 @ 10:07 pm | Reply

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