A handbook is defined as “a book of instruction or guidance, as for an occupation” – well who wouldn’t want one of those? If you are a growing company, even if there is still only one of you, having an employee handbook is essential to the growth of your organization. This is where you get to lay out how the company is run from the viewpoint of employees. What is your vacation policy, dress code, methods of pay?
If you have employees and don’t have one of these, you really need to move on this – now! If you don’t have employees, but that is your next step, this should be your first step. It will really help you focus on how the business should run from the people angle. Commonly the first thing to overlook and that will definitely cost you in the long run.