One of the first life lessons we’re taught is to play fairly. One of the first excuses we’re given is that life isn’t fair. Businesses tend to occupy the crossroads of these two contradictory viewpoints. On the one hand, a business often succeeds because it has a...
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5 mistakes made by business startups
Starting your own business is exciting, but it’s also tricky. The success rate for startups may feel daunting. You want your idea to work; the last thing you want is for a simple mistake to undermine your company and end it all. But how do you know what mistakes to...
The steps you need to take to handle a contract dispute
When an employee, supplier, vendor or other business fails to uphold their contract with your company, problems can quickly follow. You may not have enough supplies to continue operations at your business or may have machinery that doesn't function because you can't...
Common disagreements that arise in business partnerships
Disagreements can cause serious problems for business leaders. Businesses can suffer damage if the partners are unable to resolve their conflict. Three things that commonly lead to business disagreements include: The idea. A business opportunity always begins with an...
Can you sell your business and keep your IP?
You want to sell your business, but you have some intellectual property that you’d like to keep. For instance, maybe you developed the brand and associated marks -- logos, slogans, colors, etc. You also developed your own processes and customer base. You want to sell...
Blues singer sues over the use of the name Lady A and unfair business practices
This summer, two major music groups changed their names to no longer have slavery terms associated with them. Texas’ Dixie Chicks became the Chicks and fellow country trio Lady Antebellum became Lady A. However, a Seattle blues singer, also known as Lady A, is now...
What is professional liability?
When you have needs that go beyond your knowledge, you reach out to professionals to help you. Experts in accounting, engineering, legal services or more should have years of training and experience to guide you with successful results. Whatever your needs, you rely...
Can you take action against your employer for an unpaid bonus?
Many companies use bonuses as a way to motivate their employees to offer the best job performance possible. Performance-based bonuses are a common tool for those in sales and managerial positions in particular. When employees meet certain goals, the company may commit...
What is your company’s intellectual property?
What does your business own? You may have purchased manufacturing equipment or constructed your company’s office building. However, identifying a company’s intellectual property (IP) can be more challenging for many business owners. No matter your industry, creating...
What should I do if I suspect professional negligence?
Professionals are upheld to specific standards in virtually every industry. In particular, service workers in sectors like law, engineering, architecture or accounting must rely on the continued use of intellect, discretion, judgment and training to give them...