Tag: Naperville business lawyers
Keeping Employment Matters Under Control
Posted on April 12, 2022
Businesses across the country are dealing with staffing issues during these unprecedented times. As a business owner, having proper documentation can prevent many different issues with staff. Providing your staff with clear job descriptions, goals, employment conditions, reviews, handbooks, and other employment materials helps them understand their responsibilities. Ultimately, proper documentation helps grow your business. Furthermore, having things in order and properly documented can make transitions easier and help you avoid lawsuits down the road. Business owners and partners often find that having an outsourced general counsel can help address […]
Do You Have a Succession Plan in Place for Essential Leaders?
Posted on April 5, 2022
Every business should have a succession plan and exit strategy to prepare for the owner/leader’s retirement, sale of the company, or changes in key management positions. The importance of a business succession plan is especially important during the Great Resignation. Business leaders and business owners should consider: Who would replace critical people on your staff? Who would take over the business if the owner or a key member of the business retires, becomes ill, or dies? These questions need to be asked now to avoid a crisis later. There are […]
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 […]
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 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 […]
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 […]
Delegating Responsibilities is Key to Success for Small and Medium-Sized Businesses
Posted on April 27, 2021
As a business leader, it can often seem like your “to-do” list never ends. The moment you complete one task, three more responsibilities present themselves. Between dealing with staffing and management concerns, financial planning, customer service, and daily operations, you may often feel like you are drowning in a sea of responsibilities. The constant influx of responsibilities can make it difficult or nearly impossible to focus on ideas that can improve your business in the long term. This is why one of the most important things you can do to […]
Important Considerations When Choosing Managers to Lead Your Employees
Posted on March 23, 2021
When you own a business that relies on a staff of employees, you need someone to manage the staff. Depending on the size of your business, your hours of operation, and other factors, you might be able to fulfill the role of manager yourself, but this option is simply not feasible in many situations. This means you will most likely need to select one or more individuals who are capable of keeping your business running properly and leading your team on your behalf. While this might sound easy enough, recent […]
How Collaborations With Other Companies Could Help Grow Your Business
Posted on March 9, 2021
When many people think about business ownership, they often consider a situation in which the owner of the business is on his or her own, trying to make the company work. Collaboration, however, is a critical part of today’s business landscape. On a personal level, we look out for our friends and neighbors, and the same can be true in the business world. There are a variety of ways for small-business owners to join forces, allowing them to exchange ideas, inspire product development, and grow their revenues. Networking Promotes Learning […]
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