How to develop Policies for you business

**chris27** · 04-10-2010 04:49 AM

Hi

These are the steps to develop policies for your business.

1.Think ahead. Establish policies before you need them. Doing so helps avert crises and awkward situations, and helps solve problems before they arise.

2.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.

3.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.

4.Communicate policies to everyone in your business.

5.Review policies on a regular basis—once a year, for example—and revise them as necessary.

Thank you
chris

**sophie17** · 04-11-2010 09:09 AM

1) Plan ahead : Don’t wait for a crisis to arise before you decide to set your policies.Think and plan ahead.This way you are better prepared in case of an emergency and better equipped to deal with any problems.

2) Be clear about what you need : Analyse your business structure and see what kind of policies you need.Establish and implement only those that are appropriate for your business and which you can benefit from.

3) Take opinions and inputs : A policy developed in isolation can never be effective.Take the opinions,advice and any other input from your key employees and incorporate them into your policy structure.This will lead to the developement of holistic policies that are customised for the betterment of your business.

4) Communication : Once ready,communicate the policies with your entire workforce or team.Share it with them and encourage them to follow these policies and be open to any feedback you may recieve.