Owning a business in the construction sector is an excellent way to make a generous living. However, in order to run a safe and successful business, there are numerous documents and policies that must be in place. Here are a few of what I consider to be “the essentials”:
An executive summary is an excellent tool that can used to advise clients, contractors, and agencies (such as labour boards and insurances) of your company’s products and services.
Knowing who to contact in case of an emergency is vital on the work site and at the office. Post a list of relevant phone numbers to ensure that workers know who to call in the event of an emergency.
Protect your company and your clients by having employees and subcontractors sign a NDA document.
A business plan functions as a means for your company to communicate vision to employees and third parties, in addition to serving as a tool to further grow and develop your company.
A balance sheet is a current statement of your company’s financial position (including assets, liabilities, and equity accounts). If you’re in the business of making money, a balance sheet is an essential tool.
Job descriptions (including roles, responsibilities, and positional hierarchy) are a great way to ensure structure within your company to ensure necessary completion of duties. It also provides employers with a clear basis of measuring job performance.
Health & Safety Policy
Your company’s health and safety policy is a document used to demonstrate your commitment to employee well-being. Company risk assessments, job safety analyses, emergency procedures, and policies relating to the safety of your employees and the general public are all outlined in this document.
What do you think- did I miss something? What should be included in your company’s repertoire of documents?