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Projects both large and small face can get derailed and go wildly above budget. Some causes are unavoidable, like the weather here in Florida where hurricanes are frequent and unwelcome occurrences. Other causes, however, remain firmly under human control and can be...
Construction litigation can be a very stressful experience for all the parties involved. Disputes can take months to resolve. Going to court can also be expensive and could damage the reputation of the businesses embroiled in the dispute. Such litigation might stem...
Businesses may sign contracts so that they can secure commercial space in which to operate. They might sign a contract with a vendor who will deliver key supplies. Employee contracts are also important, as they both clarify what the company expects from a worker and...
When people talk about family businesses being an important legacy, they often don't talk about the logistics involved in an intergenerational transfer. Inheriting a business from parents, grandparents or other loved ones can give someone control over their career and...
Quite a few small businesses fail during their first year, and it is common for entrepreneurs to have more plans in place for failure than for success. Those running small businesses may feel uncertain about when the right time to grow a company may be and also how to...
A business partnership involves two or more people cooperating to start or improve an organization. They generally share financial responsibility and managerial duties and will mutually benefit from the organization's success. Unfortunately, the very partnership...
Most people have heard the term “silent partner.” Fewer are clear on what role a silent partner actually plays in a business. The specific role is decided on by the partners themselves and defined in the partnership agreement. However, it’s important to understand the...
A good business plan can make a big difference in how your business is run. Having a thorough business plan sets you up for success by making sure you understand all aspects of your business and the market you’re opening it in. The importance of a good business plan...
Every new contract that you sign on behalf of your company means more benefits and gains for your business. Contracts might mean you have new employees on your staff roster or a new supplier to help you keep your costs low. However, contracts can also lead to...
The COVID-19 coronavirus outbreak continues to dominate the news cycle in the United States. Fear of a widespread outbreak has many people – including small business owners and employers – wondering how to best protect themselves and others. The Centers for Disease...
