Businesses all across America are doing their best to stay active and relevant as our country faces the current recession. One of the ways in which they are doing this is by diversifying their supply chains. While this is a great way to make suppliers compete for your...
Employees and employers often have conflicting needs when starting a new employment arrangement. A business wants to minimize its operating costs while maximizing the return on the investments it does make. Workers want job security and competitive compensation...
Many business owners start their company and build the entire business from the ground up. You hear a lot of stories about major corporations that started in a garage or a basement. But you have another option if you’d like to be a business owner. You don’t...
It can be jarring to find out that the owner of the commercial building where you lease space is selling the property. You likely have questions about what this means for your lease agreement and your business. Property owners should notify their tenants of a sale so...
When you started your business with a partner, you hoped that you would build the company for decades until it was incredibly valuable. But now it’s only been a few years and your business partner wants to sell the company. They think the value has gone up enough to...
As an aspiring entrepreneur, you may not like the idea of sharing your concept or revenue with anyone else. However, you simply cannot identify and address every possible concern while planning a business without support, nor can you truly evaluate your own ideas and...
Establishing and maintaining good supplier relationships is essential for doing business. Unfortunately, even with the best intentions, contract disputes can occur. It is in everyone’s best interest to resolve any contract dispute quickly and avoid legal intervention,...
When you find a supplier who can reliably import a material that is hard to come by, you may want to solidify a verbal agreement in writing. Contracts help businesses make their expenses and schedules predictable. A well-written contract protects your company and...
You're looking to lease a commercial property for your new business. You found a space that looks promising, and you think that you can afford the rent. But then you're handed the lease, and it's more complex than you expected. It’s important not to sign anything...
You formed your business on your own and as it grew you recruited a team. Your business partner has been fundamental to your success over the years, but the relationship seems to have changed. You’re starting to question whether they still have the drive and...
