He is a longtime personnel executive and now a trainer and consultant. There are three reasons for keeping records. One, probably the most important, is that you're afraid to throw anything out. A second is that old records might be needed someday to placate the Internal Revenue Service. And a third is that maybe somebody will need those old records sometime.
Many small companies run into trouble.
They don't have enough money, or the right people, or the right market, or the right product, or the right location. Good managers handle problems such as these with planning. They get stuck with problems. This column is about getting unstuck. Business Planning - Increase the Value of Your Business Business planning is the most valuable business task you can do and here's why.