There has been a lot of debate recently about whether or not the US is entering an economic recession. No matter your opinion on the matter, it is important to be prepared for whatever happens if you are a new business owner. What are some of the ups and downs you can...
Brick Business Law
Increasing your flexibility when you have cash flow problems
Cash flow problems can be very detrimental for a business. That could become even more important in the future, as the country heads toward a potential recession. It is important to plan ahead and try to anticipate these needs, which may allow you to budget for them...
Should your business switch your contracts from “at-will” to long-term?
Many businesses choose to operate on an at-will basis, which is suitable in many situations. As the economy of the country changes, some companies are choosing to move to long-term contracts. There are many benefits to this, especially if you’re trying to make sure...
3 Ways Employers Deny You the Wages You Deserve
There are dozens of state and federal statutes that establish specific legal obligations for employers. They need to adhere to federal safety standards and carry workers’ compensation insurance that complies with state guidelines. One of their most basic obligations...
Tactics for improving your business’s accounts receivable
Operating a successful business requires constant adjustments to how it operates. During times when an economic downturn seems likely, appropriate changes to company operations can help the business whether the upcoming financial storm. Accounts receivable or unpaid...
Invest in your business by investing in your relationships
Your business wouldn’t run without the support from your customers, employees, investors, vendors and outside advisors. As the economy gets rough, many of your valued relationships may be struggling. This may be the perfect time to reach out and see if you can lend a...
When is it appropriate to renegotiate terms with long-term vendors?
As you’ve established your business over the years, you’ve made several useful contacts. You’ve been dealing with the same vendor for some time now and think it’s time to negotiate a new deal. Business negotiations are rarely easy, and both sides may not have the...
Tips for business divorce and restructuring
Companies sometimes cease operations to do some restructuring. This can occur for various reasons, particularly if partners go their separate ways instead of continuing the partnership or when one larger company splits into smaller companies. Both situations are...
3 Reasons It May Be Time to Consider a Business Divorce
Talking about a business partnership with someone is an awful lot like proposing marriage. You will essentially suggest that the two of you work cooperatively for years to come. There needs to be a foundation of trust for such a relationship to work, and both of you...
How can I capture a new market share without breaking the bank?
Your business has gained ground in recent years and this is a trend that you want to continue. A large part of your success comes down to your ability to manage your finances but still remain competitive. You are looking to tap into a larger share of the market space...