Most business owners try to conduct business in a fair and honest way. But no matter how hard we try, eventually every business owner encounters a situation where a customer or a vendor is not happy. Today I would like to share with you some tips on how to keep your business out of the court system when problems arise. First, have a problem solvers attitude Even before problem arises, keep your eyes and ears open for potential problems and address them as soon as they are discovered. Remember, … [Read more...]

Most business owners understand that attorneys serve a useful purpose when problems arise. And while this is undoubtedly true, most people don’t realize that the true value of an attorney is not to defend you when problems arise, but to solve problems before they arise. Indeed, smart business persons involve legal counsel early and often, and here is why: Every transaction has a legal component and the law is complicated and ever changing. You need legal assistance to make sure you … [Read more...]

Opening a new business is always a challenge. The thrill of creating something of value is both exhilarating and terrifying. Many budding entrepreneurs chose to start a new business with a friend or family member to share the risk and responsibilities of start up, and for financial and emotional support. All good reasons. However, what started out as friendship oftentimes ends in war when differences arise. Smart business planning demands that partners prepare for the worst before the worst … [Read more...]