5 Biggest Business Mistakes You Must Avoid

March 9, 2016

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.

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Start Your New Business the Easy Way with These Tips

September 23, 2015

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.

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How Small Business Owners Can Guard against Class Action Lawsuits

August 24, 2015

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.

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How can HR Help Small Businesses Avoid These Common Mistakes

June 17, 2015

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.

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Your Essential Guide to Choosing Partnership Structure for New Business

June 9, 2015

business handshake

business handshake


One of the most important items anyone needs to take care of when starting a business is how to structure the business entity. It is even more challenging when you are starting a business with a partner. You will need to know about various types of partnerships and how to set them up.

Of course you need to have a name of the business ready before you can form a legal entity with that name. Trade names are usually protected as intellectual property, so make sure you’re not infringing on someone else’s property rights when you name your company. If you’re going into business with someone else, choose a nominated partner and register with HM Revenue and Customs (HMRC). The nominated partner is responsible for managing the partnerships tax returns and keeping records.

There are several ways to set up the business as a partnership as explained below.

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How to Protect Your Business Against Legal Disputes

April 27, 2015

Lawsuit
There are number of goals that most business owners share – make as much profit as possible, provide unparalleled customer service, produce the best possible product and create a safe working environment for their staff. Yet even the best will in the world isn’t always enough to achieve these goals. Problems can and do arise, whether financial, legal, or moral, and in some cases they lay the foundations for litigation.

Litigation is something that every business owner wants to avoid at all costs. To do so, however, you have to know how to guard against legal claims. Unfortunately, many people feel that understanding of the law is beyond their comprehension, and as a result they bury their heads in the sand and fail to protect their assets.

If you don’t want to fall into their trap, here are a few tips to protect your business:

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Workplace Safety: How to Keep Employees Safe from Respiratory Issues

February 18, 2015

Respiratory Hazard
Some of the biggest ever claims made against companies by employees and former employees have been related to respiratory issues caused in the workplace. Things are getting better as we come to understand the impact of our surroundings on our bodies. However, this does not mean that you can afford to be careless. There are three primary areas that you need to consider to ensure the safety of your employees from harmful airborne chemicals and particles. You are after all responsible for their safety and well-being, as well as protection of your own interests.

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Managing Waste in Safe and Effective Manner in Small Business

February 17, 2015

Waste Management
For small business owners managing waste being produced is part of doing the business. It is important from responsible environmental policy perspective as well as from regulatory viewpoint. Having an effective waste management policy should not only be an essential component of how the company performs its tasks and projects, but also serve as a legal safeguard. Legislation is very tight regarding how companies dispose of their waste, and the penalties for failing to dispose of waste appropriately can be heavy. In this post we aim to provide general guidelines for effective waste management with small businesses in mind, with special focus on those that generate clinical detritus.

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Importance of Workplace Safety for Small Business Owners

January 29, 2015

Safety First
Starting a new business is never an easy prospect, especially for those who are trying to be entrepreneurs for the first time. In many ways, it can be similar to attempting to keep several plates spinning without letting any of them crash to the floor. Apart from anything else, the experience is centred on sheer hard work.

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How to Keep Your Small Business Out of Legal Hot Water

November 23, 2014

Legal Advice
Going into small business on your own can be exciting and scary at the same time. While living your dream can be the thrill of a life time, legal hassles that come with it can keep you away from it. All types of laws and regulations enacted by government can keep you busy all day. They cover your building, employees, warehouses and so on. The list can be endless, however with proper oversight and planning you can stay out of legal hot water. Here are some tips to help you along the way.

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