In order for you to run a successful and profitable business for the long term, no mean feat in today’s economic climate, you have to have a workable plan of action in motion, one that moves you forward rather than standing on your desk collecting dust. In fact, there should be no paper on your desk anyway. This business plan of yours is alternatively and safely stored away on a software disk or memory stick.
Part of an effective business plan is motivated by setting important standards for how far ahead you want to go and how responsibly you are going to be running your business.
Setting realistic and responsible standards
These important standards, by the way, also need to be realistic. In the context of this current article on helping you to develop your own business, the standards you need to set for yourself and those you plan to cater towards, also need to be of a highly responsible nature.
Financial measures are taken care of through prudent and disciplined financial planning and ongoing and regular bookkeeping. At the end of each quarter, a measurable assessment which is checked against all the realistic expectations that were included in the original business plan, should take place.
Implementing safety standards for you business is not just a highly responsible measure. Depending on the nature of your business, such practices are a matter of law.
For a number of good reasons, it remains imperative that any small business that necessitates a fair amount of daily driving, mainly for deliveries and domestic onsite consultations, have their vans or SUV’s fully equipped with a good light bar for night driving.
Be prepared to administer the rod
Such safety measures will also be of use during the day, particularly if you live in a region within the Western hemisphere that is susceptible to heavy winter rainfalls and snow. These safety measures also extend to your staff members. As drivers, they will be responsible for the safety of others too. They will also be legal and their driving records should show not one blot. You might think that this is harsh, but such strictness is necessary to not only keep staff and their customers safe, it will keep your business safe too and free from heavy penalties and fines.
Now, many small business developments will be following similar business models that were used by today’s legends of successful and effective entrepreneurship. In earlier posts, two prominent examples in Richard Branson and Alan Sugar were given. These gentlemen may not have taken such measures themselves when they started out but today, one of the first things they will tell you is to cover yourself financially.
Taking the transport delivery scenario we mentioned earlier as an example; you need to make sure that all aspects of your business, from motor accidents to financial mismanagement, are properly and comprehensively insured, and that your business capital is professionally and wisely managed too.