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June 2015 Archives

The importance of a 'war chest' when in business

If you are not making money, you are not really in business. This is the mantra that most small business owners live by. After all, this is what really matters to such owners. So when the threat of a lawsuit is thrown around by a disgruntled customer, or a competing business decides to sue, it becomes quite difficult to resolve the legal issue. As such the court will do what it can within its power to get the parties to settle.

Tips for preparing for your next settlement conference

As a business owner, you may see another company’s (or a customer’s) threats to sue as simply a temper tantrum that shouldn’t be acknowledged. While this may be true, these threats invariably turn into actual lawsuits. As you may already know from being in business, the more time and attention you give to a lawsuit, the less time you are focusing on your business.  This can’t be good for your bottom line.

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