Your new business or business concept is valuable. You will likely invest a huge amount of your own time and resources in making the company successful. Obviously, you want to protect your investment from unpredictable circumstances. There are many kinds of insurance...
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Newton Business Blog
Are you ready to buy out your current business partner?
Business partnerships sometimes last a lifetime. However, others last only a few years. Obviously, the partnership will end if the company itself goes out of business. However, you may want to keep the company open when your partner doesn't or feel like you can no...
Should you use employment contracts?
As an employer, you know that you do not have to offer your employees a contract. Massachusetts is an at-will employment state. Most employees have no contracts at all. There are benefits to at-will employment. If you want to fire an employee for almost any reason,...
Common mistakes new business owners make
You’re excited to open your own business, but this is your first attempt at going alone. You’ve always worked for someone else in the past. Now you want to be your own boss. It’s a thrilling and yet often intimidating place to be. You may feel like you’re on the edge...
Do you need your employees to sign a non-compete agreement?
As a new business owner, you may have read about companies requiring their employees to sign non-compete agreements. You may be wondering if you should do this with anyone you take on -- particularly if they're likely to have access to sensitive information. Is a...
A handshake deal doesn’t cut it: Get a partnership agreement
Your word is important to you, and your business partner feels the same way. But that doesn’t mean you can operate a business together without a formal agreement. “Handshake deals” can be enforceable, it’s true, but you’re far less likely to end up in a legal dispute...
Ready to start your business? Consider getting these people to help
You have a great idea and you want to turn it into a business -- but do you have a plan? The business environment is somewhat volatile right now, so it’s important to go in to the process with your eyes wide open and your feet firmly on solid ground. The choices you...
Is there value in “sweat equity” for your business?
You’ve got the money to put into your start-up -- but just barely. You would like to bring on a partner who has some significant expertise and creative talents, but they don’t have any extra cash to throw into the company right now. Does that mean you’re both out of...
How will you fund your startup?
There’s nothing more exciting in your professional life than starting your own business. You’re finally taking control of your future, and you’re looking forward to everything it will bring to your life. Before you get too deep into the startup process, turn your...
What should you do before hiring your first employee?
Your business has been going well. You’ve done the hard work and established a good customer base. Now, you are getting overwhelmed by requests for your services. You know that you need to expand and your first priority is to hire an employee. It’s vital that you...