When you hear people talk about business, they sometimes say you need to be tough to survive. The thing is, people use tough in different ways. Being tough, in the sense of being resilient, will help you to deal with the challenges you’ll face. Being tough in the...
Month: April 2023
4 things to consider before you start a family business
Having a family business seems like a dream come true to a lot of people, and there are a lot of advantages to having one. There are plenty of disadvantages, too. That makes it important to consider both the benefits and the detriments of going into business with your...
4 factors that contribute to contractual disputes in business
Contracts protect involved parties, explain each party's responsibilities, guarantee confidentiality and prevent disputes. Thus, you should create an agreement for every party you work with. However, contractual disputes may arise in the future. This guide discusses...
Should you make a friend your business partner?
You need to choose a business partner very carefully, indeed. Many people fall into partnerships with people they know because it seems easy or natural. Yet doing so without sufficient thought could risk both your business and your friendship. You need to step away...
Can you make a one-sided contract?
As a budding entrepreneur, you might look to successful millionaires for inspiration. When they say that business is a dog-eat-dog world, you might believe that’s how it has to be if you wish to get ahead. Yet the law does not entirely agree with you, at least...
Can business bankruptcy resolve lease-related company debts?
Numerous factors contribute to the overall operational costs of running a business. One of the biggest expenses for many operations, other than labor and raw materials, is the cost of commercial space. Rental rates for retail facilities or manufacturing premises are...
3 ways to retain key employees
Your employees have the success of your business in their hands. While you clearly play a massive role, you can’t be in all places at once, so you need people you can trust if you want to succeed. Once you find them, the problem becomes keeping them. If they are good,...