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An organization is only as successful as the leadership that drives it and the workers who provide daily labor. Major changes in the executive talent at an organization can have devastating consequences for the company's stability. Someone in a leadership role making...
Every new staff member that you hire can substantially increase your company's operational abilities. However, the more workers you have, the greater the possibility of a conflict, a lawsuit or some other issues affecting your business's operations or profit margin. A...
Businesses often start small and then grow according to how quickly they succeed. Although there are those who find investors before they ever start their businesses, many entrepreneurs are their own primary supporters. They know their idea has merit, so they do what...
Are you starting your first business? Then you likely have tons of questions. How can you make a profit? Who are you advertising your business to? Will your business survive a drastically changing economy? Before you start anywhere, you need to lay out a foundation to...
Maybe you hired another business to provide a service, such as handling a remodeling project at your offices. The date for the work to start came and went, and you never heard from the business. Eventually, you reached out to them to address their failure to show up,...
The beginning of a business partnership is a lot like the honeymoon phase in a marriage. Both of you may have big dreams for the company you started together and may see the best in one another. After years of running the company jointly, you likely have a more...
From the first days that you start doing business, you may need to negotiate contracts with other parties. Landlords, suppliers and employees typically all require contracts when you start a professional relationship with them. Ensuring that you include the right...
Maybe you and your spouse dream of a pastoral lifestyle and so the two of you pooled your resources to purchase land and start your own small farm. Perhaps you are a third-generation farmer who already has teenage children, and you worry about what may happen to your...
As an entrepreneur, you accept a significant amount of risk. You may forego reliable income as you devote your daily life to get in your concept off the ground. You can have personal liability in some scenarios if the business fails or faces lawsuits. If the company...
If you start a business and want to work with family, you may not think that a partnership agreement is important. However, this kind of agreement can help you protect yourself and make sure that you’re both held accountable when running the business. A partnership...