In the military, they often say, “no plan survives first contact with the enemy”. I think that is also applicable in business, where that saying should be amended to “no business plan survives first contact with reality”. Find out how to avoid six pitfalls that can easily crush your business.
Posts filed under Start-up
Yes, You CAN Afford a Franchise! (Infographic)
Do you want to own a franchise, but always thought it was too expensive? If so, then here's with a wonderful gift –a list of franchises that you can purchase for less than $50K (with some even below $5)!
So, Maybe California is NOT The Best Place To Incorporate Your Business?
Well, according to Jaia Thomas, it might be time for some small business owners to do a bit of forum shopping instead of choosing to incorporate in California by default. She lists 3 reasons why California might put you at a disadvantage:
What All Food Truck Owners MUST Do
But then a few years ago the gourmet food truck craze took off all around the country and everything changed... for the better! As the new movie Chef shows, food trucks were now being manned by individuals who were showing off their creativity by putting a new twist on the food they serve. And members of the public who enjoy good food - like myself - could never be happier! So if you are a chef that has something to offer the clamoring public, I say it's time to get your dreams on the road! Before you do though, (continue reading...)
Want To Protect Your Personal Assets? Simply Having A Corporation or LLC is NOT Always Enough
Back when I was a legal intern for a large law firm, I was asked to figure out a way to break the “corporate” veil of the company we were trying to sue. “Corporate veil”? What’s that? It’s the thing that protects you from being held personally liable for the activities of your business. This limited liability ensures that nobody can force you to use your house, your car, your personal savings, etc., to pay off the debts your business incurs. continue reading...
Should You Get Paid To Mentor Other Entrepreneurs?
Until I read Jessica Alter’s piece about formalizing the relationship one has with one’s business advisers (or mentors), it never even occurred to me to provide payment to the people who choose to work on my behalf. So far, the adviser relationships are maintained by the bond of friendship (also, it doesn't hurt that my friends are also in the business of giving small business owners advice). So, what should I do? Should I formalize this relationship? Would a contractual relationship that entails duties, obligations & payment limit a friend’s ability to provide advice only when he is willing and able? continue reading...
Hiring a Lawyer: 5 Mistakes to Avoid
Having spent most of my life working in a legal setting, you would think that I could easily create a list of issues to consider when hiring an attorney. I’m sad to say, not so. It’s one of those things where you focus on the technical aspects of a situation while overlooking the obvious, common-sense advice that most people need. continue reading...
How ESOPs Let Employees Take Stock In Your Retirement - Forbes
Three Small Business Legal Fears -- And How to Face Them | C. Mario Jaramillo
Are there really legal ramifications if I:
- Don't give my employees health insurance?
- Choose a name similar to that of another business?
- Co-mingle business and personal assets after I incorporate?
