Using the Business Plan

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Using the Business Plan

Every small business entrepreneur has to develop a Business Plan.  Its purpose is to be a template of how you plan on running your business.  In reality, the Business Plan is mostly used by the banks to determine why they won’t lend you the money you need.

 

But here is a good use for the Business Plan.  Use your Business Plan as the basis for your Employee Handbook.  When you prepare your Business Plan, you  lay out the particulars about your Business.  From your Vision, to your Mission, to how you expect your business to Operate, to Employee Qualifications, the Business Plan has all of that information in it.  That kind of information would be beneficial for those you hire.  It would set Clear Expectations for your employees.  No, you don’t include financial information, or personal information, but other pertinent information is in the Business Plan that could be useful when preparing your Employee Handbook.

 

For other business tips for Small Business Owners, visit www.SoulVisionTV.com and click on “4C-4P Process©

 

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