Business Law
Why is Outsourcing Becoming More Popular in Small and Medium-Sized Businesses?
Posted on June 24, 2021
As we have discussed in previous blogs, knowing how to delegate tasks is a crucial skill for business owners and business leaders alike. Delegating tasks frees up time to focus on higher-level responsibilities and ultimately helps you grow your business. More and more businesses are choosing to delegate by outsourcing certain services to outside providers. Read on to learn about the many benefits of outsourcing for small and medium-sized businesses. Reducing Costs and Freeing Up Funds for Other Projects For many businesses, the key benefit associated with outsourcing is saving […]
How Your Employees Can Help You Avoid Legal Problems
Posted on June 17, 2021
A business is only as strong as its employees. As a business leader it is crucial for you to ensure that employees understand what is expected of them. Failure to properly train your staff can lead to significant legal problems including allegations of discrimination and harassment. Preventing Sexual Harassment and Discrimination in Your Company Although more and more companies are making harassment and discrimination prevention a top priority, these issues are still at the forefront of many people’s minds. If you do not currently have an anti-discrimination policy and complaint procedure […]
Top 3 Ways Outsourced General Counsel Helps Grow Your Business
Posted on June 10, 2021
If your business revenue is in the $10 million or above range but your company is not large enough to justify an in-house attorney, consider utilizing outsourced general counsel (OCG). With OGC, you gain legal guidance and support from a business lawyer without needing to hire an attorney full time. The advantages associated with this approach are plentiful, which is why more and more small and medium-sized businesses are using outsourced general counsel to meet their needs. To effectively grow your business, you must ensure that sensitive legal concerns are […]
Lessons Many Business Leaders Wish They Learned Sooner
Posted on June 8, 2021
Managing a business is not for the faint of heart. A surprisingly large percentage of businesses do not make it past their one-year anniversary and even fewer see their five- or ten-year anniversary. To succeed as a small or medium-sized business leader, you must be continually vigilant for ways to improve and grow. One of the best ways to do this is to ensure that each hardship you experience teaches you something. Read on to learn about some of the lessons that business owners and business leaders learned the hard […]
Solid Referral Relationships Are a Valuable Way to Grow Your Business
Posted on June 1, 2021
If you are a business owner or business leader, you are probably constantly looking for ways to expand your business. One avenue for growth that many business owners overlook is referral relationships. Strengthening your relationships with referral sources opens the door for new customers. Furthermore, creating a robust referral network is a mutually beneficial way to network on both a personal and a professional level. What is a Referral Network? Many small and medium-sized businesses use referral marketing to find leads on potential customers and learn about other opportunities that […]
How Outsourced General Counsel Can Protect Your Business and Help You Enjoy Continued Success
Posted on May 27, 2021
As a business owner, you may feel like your to-do list never ends. Juggling sales, marketing, budgetary concerns, inventory, and employee issues can leave many business owners overwhelmed and overworked. Handling everything on your own is not only stressful but also unsustainable in the long run. Learning how to properly delegate is essential to your business’s long-term success. One way you can delegate responsibilities and ensure that you are not making mistakes that can land you in legal trouble is to utilize outsourced general counsel. What is Outsourced General Counsel? […]
How is a Business Affected by the Death of the Owner?
Posted on May 25, 2021
As a business owner, it is important to consider what will happen to your business if you were to pass away. While it is an unpleasant reality to consider, none of us know which day will be our last. Unexpected tragedies happen every day. Therefore, planning for what will happen to your business should you as the business owner pass away is crucial. A key element in this process is creating a comprehensive estate plan. What Happens to a Business if the Owner Dies or Becomes Incapacitated? As we have […]
Why Do Some Businesses Fail While Others Succeed?
Posted on May 20, 2021
It is no secret that the majority of startups and new small businesses do not succeed in the long term. Only about a quarter of new businesses are still open after 15 years. Being a small business owner is not for the faint of heart. Owning your own business requires a great deal of time, effort, and creativity. If you want your business to be one of the businesses that is successful for years to come, it is important to take proactive steps toward this goal from the beginning. Preparation […]
Seeking Advice from Qualified Experts Can Save You Time and Money
Posted on May 18, 2021
Owning or running a small business or startup is no easy feat. Business failure rates are quite grim. About one-fifth of small businesses fail within their first year. Only about half of all small businesses make it to the end of their fifth year. Two-thirds of small businesses shut their doors before they reach their 10-year anniversary. The good news is that many of the problems that lead small businesses to fail are preventable. One of the best ways to ensure that your business has the best chances of continued […]
Addressing the Top Challenges That Business Leaders Currently Face
Posted on May 11, 2021
Owning or running a business is unlike any other career path. Although it is often time-consuming and demanding, most business owners and executives find that the satisfaction they get from watching their business grow and succeed makes all the effort worthwhile. The obstacles that business owners face are constantly changing and a large percentage of businesses fail after the first few years. Consequently, business leaders must continually find creative ways to address these challenges head-on. Government Rules and Regulations As any business leader knows, red tape is an unavoidable part […]
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Please note: These blogs have been created over a period of time and laws and information can change. For the most current information on a topic you are interested in please seek proper legal counsel.
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