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May 2015 Archives

Two important issues that keep business owners awake at night[]']

While entrepreneurs and small business owners may be adept at growing an enterprise from the ground up, they may miss on critical legal elements that could lead to big problems as their businesses expand. Even the most savvy business people know that minimizing legal problems is the key to growing a business. With that, we highlight through this post two of the most common fears that business owners and entrepreneurs may have and what can be done to address them. 

Why your business should have an operating agreement

If you are creating a small business with a partner, or in the midst of running one with someone, you may not have considered the importance of a comprehensive operating agreement. After all, you and your partner(s) likely do well by just following your instincts and what you already know about the industry and the marketplace.

Why protecting business relationships is important

To be successful in your business, regardless of what industry you are in, it is imperative that you avoid mistakes. Whether it is a lapse in judgment or a decision made in ignorance a business mistake could be costly, not only for your bottom line but also for your customer base. Because of this, business owners (especially those just starting out) should strive to avoid making some fatal business mistakes.

Can your business be like the NFL?

If you are a fan of the National Football League and a small business owner, it is probably just not about football for you. With all the offseason news regarding the schedule, the draft and even “deflate-gate” the intrigue of the NFL likely entices you. After all, the success of the NFL is unprecedented and it appears that its growth will continue. 

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