DEVELOPING YOUR BUSINESS POLICIES:
If you have just started out in business or have been in business for years, it's imperative to thoroughly develop company policies. A company policy is a rule or guideline, a company follows when faced with a particular problem or issue. The more situations or policies you develop, the smoother your business will operate.
Below lists a variety of areas where policies may be created.
TYPES OF BUSINESS POLICIES | |
Product Return Policy | Discount Policy |
Reservation or Lay-a-way Policy | Motivating Your Staff |
Credit Granting Policy | Purchasing Policy |
Payment Policy | Signage Policy |
Collecting Past Due Accounts Policy | Advertising Policy |
Sales Objectives Policy | Invoicing Policy |
Purchase Discount Policy | Back Order Policy |
Owner's Drawing Policy | Sales Promotion Policy |
Dividend Policy | Publicity Policy |
Reporting Policy | Personal Selling Policy |
Customer Satisfaction Policy | Commission to Employees |
Human Resource Policy | Corporate Growth Policy |
Employee Training Policy | Wage Policy |
Commission Policy | Pricing Policy |
Interest on Late Payment Policy | After Sales Service Policy |
Quality Control Policy | Packaging Policy |
Product Delivery Policy | Warrantee Policy |
Shipping & Receiving Policy | Distribution Policy |
Inventory Policy | Petty Cash Policy |
Product Diversification Policy | R&D Policy |
Equipment Maintenance Policy | Overall Planning Policy |
New Product Development Policy | Disclosure Policy |
Cost Cutting Policy | Environmental Policies |
Corporate Culture | Sexual Harassment Policy |
Employee Promotion Policy | Employee Demotion Policy |
Hiring Policy | Firing Policy |
Employee Theft Policy |