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No matter how excited you are about your business model or concept, starting a new company takes time. You may spend months or more than a year developing your business plan, finding investors and eventually creating your formal business entity. There are no...
Business partnerships, like most human relationships, don't last forever. Eventually, even the strongest business relationship will need to change or end. When you want to take the business in another direction or sell it, you may need to consider buying out your...
You’ve probably had a common experience, which is when you’re driving down a road at the speed limit, toward a green traffic light, and it suddenly turns yellow. You’re in this sort of no-man’s-land where you don’t think you’ll make it through the intersection before...
When you have a great business idea, that doesn't always mean you can start a successful company. You may need to talk to a lawyer, crunch numbers with an accountant or investigate local competition in your business niche. You may feel pressure to make purchases or...
Your company’s digital assets are crucial -- especially your website. However, most people don’t really understand that a website is actually a collection of parts, and you may not (and probably don’t) own all of them. Knowing what really is yours to claim can help...
If you own intellectual property (IP) rights, then you likely do your best to protect them. Infringers often know all the tricks of the trade to get around your protection efforts and infringe upon your IP rights. It's critical that you know what steps you can take to...
You may have heard the term “brand abuse” and wondered exactly what it is. More importantly, how do you protect your business and your good name from this type of intellectual property (IP) infringement? Brand abuse is when a person or entity attempts to exploit...
Everyone wants to be a safe driver. They don’t want to crash. The statistics clearly show that road accidents are a major cause of injury and death in the United States, though, so it’s obvious that many people are falling short of this goal. Fortunately, there is...
For business owners, sweat equity can be very valuable, though often hard to pin down specifically. This is important to consider when selling the business or bringing on new investors and partners. Sweat equity is the sum of the effort and work you put in to increase...
As a small business owner, one thing you will come across is needing to use contracts. You may need to have a contract to work with a new employee or a contractor, for example. When you create a contract, it’s important to discuss what you want it to do for you with...
