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.
Brought to your by SCORE “Counselors to America’s Small Business.”