The ABC’s of Documenting Standard Operating Procedures — and Why Your Business Can’t Afford Not To


SOPs can reduce the need for owner involvement and increase a company’s valuation at the time of sale.

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Every business — large or small, online or offline — relies on processes. These can be simple or complex, but most businesses boast a mixture of both.

Related: The 5 Mistakes We Made When We First Launched Our Virtual Company

In the early stages of a venture, the responsibility, and the requisite knowledge, for carrying out mission-critical processes (both straightforward and complicated) often lie with the founder or

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