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...
Month: January 2023
What is a business plan?
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...
The problem with ignoring another company’s contract breach
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,...
How can you buy out your business partner without a fight?
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...
3 important inclusions to create stronger business contracts
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...
Protecting your family farm from the damage of divorce
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...