Minimizing the Risk of Employee Departure You’ve worked hard to build your business. You’ve developed products or services and the processes, policies, and strategies which drive them. So what do you do when a key employee tells you he/she will be leaving? How do you protect the business systems you’ve worked so hard to develop?…
Women Entrepreneurs Continue to Grapple with Gender Disparity in Business Capital Accessibility The small business sector is a major force in the American economy, responsible for two-thirds of jobs in the private sector. But despite significant progress, female business owners continue to suffer from a gender gap in factors that influence small business financing. Specifically,…
Consider a shareholder for any type of business If you are considering going into any type of business with others and are looking for some protection and peace of mind about your future relationships and protecting your assets with them, you should consider a shareholders’ agreement. What is a shareholder’s agreement? A shareholders’ agreement is…
Small Business Challenges and Operational Strategies As with so many things in life, some of the same qualities that help small businesses succeed, can also lead to their demise. Fortunately, many small business challenges can be lessened through operational excellence. For example, the owners and managers of small businesses often know each other before they…
How to Stop Employee Poaching by Competitors Due to the use of online marketing, business competition is fiercer than ever. This hypercompetitive environment causes many business owners to wonder how to prevent employee poaching by business competitors.. Obviously, this is best accomplished by treating your employees great, paying wages on the higher end of the…
Personal Growth As A Path to Supporting Your Business’s Financial Growth Many businesses can be started with a small financial investment. Online consignment, pet-sitting, and rideshare driver are just a few. But to grow your business, you need not just capital but internal insight. You need to understand just what makes you tick, otherwise the…
Your Family Business Legacy Matters Enough to Do These Three Things Your family-owned and run business can be the greatest gift or the greatest burden to the people you love, if and when something happens to you. If you’ve planned well and properly for your family business legacy to be continued, managed or sold, it…
Broaden Your Business Market Landscape: Venture Overseas! Today, we live in a truly global economy, so much so that it is often natural to consider expanding by doing business overseas. The Internet helps make this quicker and easier than ever before. Before moving to global operations, however, it is important to consider how that decision…
The Benefits of a Business Succession Plan When most people think about planning for death, they envision personal estate planning. But even if you are already proactive in that area, you may not be finished if you own a business. A business succession plan is at least as important as a personal estate plan, maybe…
Family Business and Divorce If you co-own a family business with your spouse and you are facing divorce, a likely concern is how your business will be handled through the separation proceedings. The good news is, it’s really all up to you. And, so much of it depends on the legal counsel you have representing…
DIY’d a contract? It could come back to haunt you. Imagine this. You’re in a courtroom getting sued. You’ve done nothing wrong, except sign a contract you did not fully read nor comprehend. Now, your choice to DIY a contract has come back to haunt you, causing expensive litigation. This unfortunate scenario is not a…
Conscious Money Challenge: Know How You Are Invested If you have money invested in the stock market, whether through a retirement account or a straight brokerage account, I challenge you today to find out exactly what your money is invested in and make a conscious choice about what you are supporting in the world. If…
Teach Children Open-mindedness and Embracing Differences When you picture a “normal” family, what do you see? Is it the traditional notion of one male parent and one female parent, two kids, and a family pet? Or do you see something different? Or perhaps you reject the notion of a “normal” family altogether? Recent court and…
Become More Successful by Recharging on Weekends The “work hard, play hard” attitude has infiltrated American sportswear and music. And it can also be applied to our attitudes about the balance between our professional and personal lives. A study from Stanford University examined the effect of working long hours on productivity. The results may surprise…
Common Ways to Finance a Small Business If you have decided to take the plunge into the world of small business, you are likely evaluating finance options. Most businesses require some initial influx to cover startup costs. Before you embark on the exciting journey of owning a small business, however, it is important that you…
Read this before you sign on the dotted line of a commercial lease Finding the right space for your business can be tough. You may have conducted a technical feasibility study to assist you in your search, or at the very least compiled an extensive list of essential features. You’ve had to think about location,…
This Partnership Agreement Will Become the Cornerstone of Your New Enterprise Starting a new business can be an exciting time, but one of the most important steps in forming a partnership should never be rushed. The partnership agreement will become the cornerstone of your new enterprise and needs to both define everyone’s roles and responsibilities…
Property owners should educate themselves on how to protect their property. Instinctively, the ominous name “adverse possession” signifies an aggressive and problematic situation a landowner should try and steer clear of. It is. Adverse possession is a legal doctrine which allows a trespasser to gain legal title to land based on meeting certain criteria. Most…
Passing Down Family Values from Generation to Generation Most of us want to make a mark in the world. That’s a big part of what gives our lives meaning. And whether or not we have children, our history and stories can be a unique and irreplaceable gift to our families. With just a little effort,…
Work-Life Balance: A Personal Perspective Pick up the latest copy of just about any business magazine, and you’re likely to find at least one article on work-life balance. Employers all over the country are talking about how to retain employees, particularly millennials, by enhancing work-life balance. But the conversation really can’t stop or start with…
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