Advances in technology can create new opportunities for businesses. They can also reduce the labor required from business owners and their employees. Artificial intelligence (AI) technology is arguably the most exciting new development in the technological world in...
People running successful businesses have a lot of issues to consider. They need to prepare for everything from natural disasters to supply chain disruptions. Countless minor issues can potentially affect the future of a successful organization. A lawsuit against the...
Deciding to start a new business can be a life-altering move. Someone can become their own boss, earn far more money and find greater personal fulfillment in their career. However, they will also need to accept quite a bit of risk and numerous challenges as they seek...
People often say that contracts are the lifeblood of a business. It is certainly true that written agreements dictate a company's revenue and obligations to a great extent. However, contracts don't always guarantee performance by the parties involved, and mistakes or...
Maybe you had to hire an outside expert for a project you wanted to complete for a client. Perhaps the project was an internal one, like remodeling your office space. When your business hires a contractor to do a job, you expect them to follow through and complete the...
When you decide that you want to go into business, one of the first steps you need to take is the selection of your business form. The entity that you create for the purpose of doing business will influence everything from your personal liability to the taxes that you...
When you execute a contract with another party, you should be able to trust that they will follow through with what they promised your company. Unfortunately, some businesses and contract professionals will breach their agreements with your company, leaving you in an...
When you’re planning to start a business for the first time, there are a lot of ways to make mistakes and errors that might hurt your business later. That’s why it’s important to start out strong and to avoid common mistakes that harm new businesses. As a novice...
One of the first pieces of advice people give small business owners is to be careful about their contracts. Recognizing that you need a formal contract for most business agreements is important, as is ensuring that your contract contains all of the necessary terms and...
If you’re looking to get out of a commercial lease as a business owner, you may find that your landlord isn’t too keen on letting you out of it. Finding another tenant may be difficult and they were counting on that consistent income. They may decide that it’s not in...
