Because it provides specific and organized information about your company and how you will repay borrowed money, a good business plan is a crucial part of any loan package. Additionally, it can tell your sales personnel, suppliers and others about your operations and goals. Licenses required, zoning laws and other regulations vary from business to business and from state to state. There are four basics of success in small businesses. Few people start a business with all of these bases covered.
Crimes ranging from armed robbery to embezzlement can destroy even the best businesses.
You should install a good physical security system. Just as important, you must establish policies and safeguards to ensure awareness and honesty among your personnel. Because computer systems can be used to defraud as well as keep records, you should check into a computer security program. Finally, careful screening when hiring can be your best ally against crime. Depending on you individual business, telecommunications can support your objectives in any or all of these areas.