8 Reasons to Embrace Documentation
Once you realize what the mission for your business is, you can easily plug in long and near-term goals to make certain you stay on course. And once the goals are written you will have a path to follow for achieving your goals.
2. You have a record
Now that your long-term and short term goals have been set, a smart practice is to review your progress every six months. You must determine whether the paths you have chosen are working well, and if not, to alter them. This activity will put your business on a faster track for achievement.
3. Employees know what to do
If you currently have employees or eventually plan to have them, it is wise to document everything you do so that you may easily train them. A CPA once shared that it costs $25,000 to hire and train an employee. The more efficiently you can get your employees properly trained, the less the expenditure and the greater likelihood of their contentment and willingness to remain in your good hands.
4. Easily write a book
When you have built a successful and/or unique business, if you have all of your documentation in place, you will easily be able to write a book on how you did it. It will be a book that new business owners will want to read. The published book may well open new doors for you to expand your business.
5. License your work or franchise
Large companies franchise and small businesses license their work. If you have any thought of doing either, your documentation will make this process a natural to implement.
6. Create a product line
You have already written your book so it is now time to expand your product offerings. Reports, articles, newsletters, audio files, videos and online education are all at your fingertips now that everything is documented and in place. You are in control of where you take your business.
7. Reveal your bottom line
When you review your record as stated in step #1, you will quickly realize what your top money-makers have been. The idea is to spend more time on your top money-making activities and slowly discard the ones that have not contributed to your bottom line. This will help you achieve financial success far more quickly.
8. Grow business more quickly
Coupled with your bottom line revealed and knowing where to focus your time, the documentation has helped you to create new paths for increased growth. Your business will grow far more quickly and have people asking, "How did you do that?"
My Story:
In childhood, I always set goals and made certain to achieve them. By adulthood there was no need to write my goals down because I always had a plan in mind.
However running a business is quite another matter. Too many distractions pop up every day, and trying to explain what needs to get done to others is difficult without a written plan. Every marketing piece read said to document everything because there will be extended uses currently unrealized.
Those marketing materials were correct. Once I began to document my activities, ideas developed for new products and services. My business began to take on a life of its own. It became clear what potential clients needed from me and how to proceed.
One of the more recent results of my documentation is the new Entrepreneur Kit - "How to GROW Your Business: mindset, strategy and implementation". The handbook is a result of everyone remarking "Your business grew at lightening speed", and was followed by the question, "How did you do it?"
Luckily, everything I did was already documented. The documentation turned into a readable manual in the form of PDF or printed and bound, and MP3 files. Small businesses love it.
My recommendation is to embrace documentation.
Related Tags: success, goal setting, business, goals, documentation, write a book, unique business, product line
Elinor Stutz, CEO of Smooth Sale and Author, has transformed her highly successful sales career into a sales training company. Her clientele is comprised of Entrepreneurs, Network Marketers, and beginning salespeople. More information may be found at http://www.smoothsale.net
Smooth Sale Delivers: Original work in the form of Professional Sales Training, Licensing of Programs, Motivational Speaking Engagements and the "Sales Tips e-zine".
Products Include: "Nice Girls DO Get The Sale: Relationship Building That Gets Results", published by Sourcebooks, "The Smooth Sale Toolkit", the "Smooth Selling 4-CD audio seminar", and the Entrepreneur Kit - "How to GROW Your Business: mindset, strategy and implementation".
Ms. Stutz has been quoted in the November 6, 2006 business supplement issue of TIME Magazine, interviewed on numerous radio shows, and is a mentor at the Learning-Café. She is readily available for further interviews. For further information visit http://www.smoothsale.net/products.shtml
© Smooth Sale Tips Newsletter by Smooth Sale 2003-2007. All Rights Reserve
Your Article Search Directory : Find in ArticlesRecent articles in this category:
- 8 Differences Between Traditional Businessmen And Entrepreneurs
The difference between traditional businessmen and entrepreneurs is not huge-it could be a thin-line - Airless Container Packaging Technology
The choice of an airless container wasn't an impulsive decision for many brand marketers nowadays. T - Laser Processing Of Metals
You may have known that lasers produce very powerful and exact beams of light. As a result, they can - Titanium Metal Powder
Have you ever thought about that how a heavy aircraft can fly high in the air without falling to the - Race To Icd-10 In Healthcare Outsourcing
Healthcare organizations are running a race against time to achieve ICD-10 compliance in medical bil - Benefits Of Tig Welding Machines - The Leading Special Welding Machines
The TIG welding process allows a welder exacts controls which result in a clean weld blob. TIG weldi - Full Time It Support Or Flexible It Support?
When you're choosing what type of IT support to take on for your business, it can be tricky to deter - The Best Sticker Products - Vinyl, Motorcycle & Helmet Stickers
Are you looking for some of the really best sticker printing products? If yes, then it is none other - Jobs At Home: 5 Practical Tips That Will Help Work-at Home Moms Get Organized
As a work at home mom who has successfully been doing it for quite a while now, I have realized that - Choose A Right Virtual Assistant Company For Your Staffing Difficulty
If you simply waste your precious time on daily routines that can easily assign to an employee, Virt
Most viewed articles in this category:
- Discover How to Entertain on a Budget
To most people these two words, entertain and budget, are miles apart. But they don't have to be. Wh - Six Reasons the Merlin Magix is Ideal for your Business
Why the Merlin Magix Phone System Integrated Phone System is ideal as your business phone system - Indian IT's Off-shore Gains
recent revised guidance of Satyam Computer Services (Satyam), the over $1-billion Indian IT se - 7 Sure-Fire Time Management Tricks To Get More Done
Do you know why you don't get all the stuff on your to-do list done? Sometimes it's as sim - How to be Successful in Business
Starting a business and making it work is the primary purpose for having a business to begin with. I - Setting Up a Decorative Painting Portfolio - How Do You Do It?
Setting up a professional looking portfolio is essential to impressing and obtaining clients as they - Home Business Taxes-How To Stop Taxes In Your Home Business From Sneaking Up On You
"Sixty thousand dollars? You guys are joking right?" I had just completed my first year of being fai - The #1 Small Business Phone System
T h e N o . 1 s m a l l - b u s i n e s s phone s y s t e m . . . s i m p l y p o w e r f u l . . .p - Training Employees Within A Budget
Businesses have spent a lot on employee training and their development in order to improve sales, cu - Hollander Consultants Ends 2006 with its Second Highest Year Ever
Hollander Consultants Also has Second Highest 4th Quarter Ever Tualatin, OR: Hollander C