How to Deal with Debt-Dodgers in the 21st Century

Debt Dodger
Swiss cheese is known for being holy. Not in the religious sense, but in the sense that there are a lot of holes in the food. As a result, many plans, campaigns, or entities who have weaknesses in their egress are often compared to Swiss cheese. One comparison that is extremely apt in modernity is the juggernaut of bureaucracy that impedes first-world business today. From taxes to zoning, employee benefits, lawsuits, and more, it becomes very difficult to run a big-ticket business successfully. What’s even worse is that even those who should be in the business of helping you obtain autonomy will stab you in the back. Business in today’s world has a cutthroat aspect difficult to deny. One of the ways lucrative throats are slit, letting their investment capital bleed out, is through avoided invoices.

[Read more…]

3 Simple Steps for Businesses to Protect their Brands

Brand
When many people think about trademarks, they think of those belonging to large businesses. Trademarks like Nike, McDonald’s, Coca-Cola, and Mercedes-Benz are owned by corporations that spend tens of millions just on their brands. But all businesses can and should take proactive steps to protect their brands and avoid the more expensive, nearly inevitable, alternative.

[Read more…]

4 Reasons Why Small Business Owners Need to Keep Meticulous Records

Documents
In the rush to get orders completed, client projects started, and inventory put away, some small businesses end up neglecting record keeping processes. Though it feels easier to fudge a few things now, meticulous records matter in many aspects of running your business, from keeping track of employees to filing your business taxes. They can not only help you find important documents down the road, but also save you from legal troubles down the road. Here are four reasons a small business should keep meticulous records.

[Read more…]

5 Actions You Must Take Now to Protect Your Startup

Startup Risk
Starting a business has never been easier – but there are still a few pitfalls that catch many people out. If you have a great idea, make sure you put the following protections in place to ensure you don’t slip up. They are a lot easier to do, and it makes complete sense to get started right away – tomorrow, even. Don’t forget – because Murphy’s Law suggests you will live to regret it.

[Read more…]

3 benefits of Complying with Business Law

Compliance
The numerous laws governing businesses can seem overwhelming for the owners of small business. Without the scope or capital for an in-house legal department, it comes down to you to ensure compliance, and if you lack understanding on your own part, this can cause significant problems.

However, business law is not something to be brushed under the carpet and forgotten about. Used to protect the rights of consumers and companies alike, a failure to comply with it could easily be levied against you if a dispute should arise, with some very serious and unpleasant consequences for you and your small business.

[Read more…]

What’s in a contract? Legal jargon debunked

Legal Contract
From buying shares to starting a new job, there are several important agreements which require legally binding contracts to protect the interests of both parties. These contracts will equip you with the right to take the other party to court if they do not adhere to their side of the agreement and will also protect you should the other party contest your actions in any shape or form.

[Read more…]

5 Biggest Business Mistakes You Must Avoid

Mistake
As many of us know, over half of all businesses fail before their first birthday. I don’t tell you this to scare you off. Actually, it’s quite the opposite. I use this statistic to encourage you to work even harder at your dream. Only a small percentage of companies survive the early years, and it takes an enormous amount of perseverance.

It also means avoiding some of the biggest mistakes and pitfalls. As a new business owner, you can learn from the mistakes of the past here. While you may be relatively inexperienced, the same mistakes are killing businesses time and time again. Learn them, and you can avoid them.

[Read more…]

Start Your New Business the Easy Way with These Tips

Key to Success
Most people would agree that starting a new business can be a big challenge. In addition to usual challenge of finding an idea and coming up with a plan to execute it there is so much paperwork to complete it might take weeks to get things moving. Do not despair! There are number of strategies and tools you can use to speed up the process. You don’t need to worry about the paper work at this stage. You should be more concerned with dreaming up creative ideas that will help you to make a profit. With that in mind, you just need to use some of the tips listed below. They will likely make your life easier and give you a good head start on the path to success.

[Read more…]

How Small Business Owners Can Guard against Class Action Lawsuits

Lawsuit
A class action lawsuit is a lawsuit that is filed by a certain group of people who have been injured or wronged as a result of company actions. Often they are filed by company employees, but they could also be filed by a third party. Because class action lawsuits can be so detrimental to a business, it is important for small business owners to understand how to best protect themselves from one. Even if the business wins the lawsuit, they can still prove cost heavy and result in damaged assets, finances and reputation. Many companies are putting risk management strategies in place in order to protect themselves against class action lawsuits as explained below.

[Read more…]

How can HR Help Small Businesses Avoid These Common Mistakes

HR
Human resource management can seem tedious and even unnecessary to a small business owner. You do not have hundreds of employees, so why complicate things? Effective HR management can, however, be a great asset to your business, helping you avoid lawsuits from former employees, giving employees an environment where their skills can grow, and most importantly, giving you better oversight and control over your business. Human resource department also plays an important role in helping you avoid personnel related mistakes that have the potential to result in lawsuits and fines that can hurt your business. Read on to see what common mistakes HR department can help avoid.

[Read more…]