The Importance of an Up to Date and Accurate Operations Manual
An operations manual for your business is similar to a recipe book for a bakery. It doesn't matter what baker comes in on Tuesday so long as he is qualified and can read the instructions in the recipe book. I do business valuations. A good operations manual figures heavily into the value. Why would a banker, investor or potential buyer put money at risk if there is no written record of how business operates. A smart lender or investor demands and keeps possession of an up to date operations manual. Having a good operations manual and no business manual can mean a difference in value of up to 25%. Would you buy a business without an up to date operations manual? Who would lend you money? When things go wrong you need business income. Business owners and their families can sleep a lot better knowing they have this document in place. Probably the best insurance you can have. You want inefficiencies and profit. An operations manual helps you to achieve that. www.isbe.state.il.us/grants/center/pdf/sos-operations-manual0313.pdf
www.blinn.edu/faculty/Business_Services_Operations%20Manual.pdf
hr.unlv.edu/pdf/BusinessOperationsGuide.pdf
www.bced.gov.bc.ca/offshore_schools/offshore-operating-manual.pdf
sites.google.com/site/pocahontasboe/fiscal-management/home/policy-manual/school-board-operations
teachamantofish.org.uk/resources/schoolinabox/Manual8-HowtoWriteABusinessPlanforaSelf-SufficientSchool.pdf
www.unep.ch/etb/publications/Organic%20Agriculture/Organic%20Business%20Guide%20publication/Organic_Business_Guide_Eng.pdf
www.startupbizhub.com/startup-guide-for-chemical-manufacturing-business.htm
www.thegoldhillgroup.com/why-use-an-operations-manual-in-your-small-business/
www.entrepreneurmomnow.com/success-tips/business-operations-manual-why-you-should-create-one/
www.expansionexperts.com/2009/09/5-tips-to-creating-an-effective-franchise-operations-manual/

I do business valuations. A good operations manual figures heavily into the value. Why would a banker, investor or potential buyer put money at risk if there is no written record of how business operates. A smart lender or investor demands and keeps possession of an up to date operations manual. Having a good operations manual and no business manual can mean a difference in value of up to 25%. Would you buy a business without an up to date operations manual? Who would lend you money? When things go wrong you need business income. Business owners and their families can sleep a lot better knowing they have this document in place. Probably the best insurance you can have. You want efficiency and profit. An operations manual helps you to achieve that. You want a consistent end product and the manual guides you into doing that. Think of all the time that will be saved in training. Build value into your business by documenting the day to day, hour by hour necessity of the owner having to be available. Protect yourself, your family, your employees and your customers from disruption in case of an accident or disaster that could keep the owner or key employees away from the business for any extended period of time. You just boarded the plane for a 5 hour flight and the guys can't start the delivery truck. What happens next? Now imagine a serious accident involving yourself or a key employee. $795 all of the sudden looks like a necessary piece of equipment. FREE CONSULTATION 1.800.606.0310 eric@pin.ca