5 steps to running a compliant business

Compliance can mean different things depending on the nature of your business, but most industries face some kind of regulation that they have to follow. It may be within your own organisation or an external government monitor, but what is certain is that, no matter how time-consuming or expensive, compliance is the only way to secure your business in the long term.

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Risk Assessment

You need to consider the materials, machinery and processes you utilise in your business and identify the relevant laws and regulations governing their use. For instance, electroless nickel plating like the examples seen at https://www.poeton.co.uk/standard-treatments/electroless-nickel-plating could be subject to NADCAP certification.

Organisation

It is easier to monitor compliance if you keep accurate and accessible records. Ensure all files and documents are correctly categorised and stored somewhere easy to reach, whether on paper or digitally.

Software

Another way to monitor your compliance more effectively is to install the right software. It will help you organise your files, track any changes, communicate with relevant parties and generally simplify all your processes.

Security

Security is essential, whether to protect hazardous materials, expensive equipment or sensitive information. From manual and electronic locks to encrypted technological systems, security measures should be in place at every level of your business.

Auditing

Regular audits of all your documents and accounts can ensure even small and accidental mistakes are caught before they cause significant damage. To assist with auditing, make sure any edits to electronic files are tracked and recorded. Auditing should take place at least once a year.

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It doesn’t matter in which field your business operates. The basic principles of compliance, including properly assessing risks, keeping accurate records, following appropriate security measures and conducting regular audits, are vital if you want to avoid lengthy and expensive battles with regulators.

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