The 2nd MOST important asset (next to your list)…
As Entrepreneurs, our list is one of our most important assets. The second most important asset is one that I find missing in 9 out of 10 Entrepreneurial businesses. Yet, it’s a vital piece to not only sustaining a business, but in growing and scaling it too... Standard Operating Procedures (a.k.a. SOP ) I’m sure you’ve heard this term before. A SOP is a detailed documentation of instructions (written or visual) that describe each step of a process or task. The purpose of SOPs are to increase efficiency and deliver consistent outcomes each and every time. In many cases SOPs are used to ensure compliance with operational practices. Why are these so important? Processes that aren’t documented leave room for errors and mistakes. Clear enough, right? Now consider these reasons that may not be so obvious… When people on your team have a SOP to follow, they are more productive , as they have exactly what they need to complete the task at hand. Without clear instructions