Blog

Reviewing Business Policies And Services 

Reviews are not usually music to a business owner's ears. However, they are a necessary part of operating a business. As the new year moves along, when should a company conduct its business reviews? 

Watch Out For This Review Trap

Typically, a company is supposed to review its policies and services either 60 or 90 days before they are due to expire. These reviews happen at the end of the year. 

But with the holidays and busy season taking place, most businesses fall short of this timeline. Taking the time to review your company's policies and services is essential as they play a vital role within your business.

When Should You Review Business Policies And Services? 

As mentioned in the last paragraph, you will want to review most policies and services within that 60 to 90-day window. But, if you're going to stay ahead of the curve, we recommend you take time to conduct these reviews at the start of the year.

Make it a company goal to address these reviews promptly. If needed, you can break the reviews down quarterly. The following services and policies need to have adequate time for thinking: 

• IT services
• Medical benefits
• Business insurance services
• Retirement plans
• Anything dealing with the legality of the business

Discover More 

Vend Advisors is here to help! Please browse our website or contact us today for more details!