From the Department of Business Partnership Nightmares comes this plea for help from LordMJ: Here’s the skinny: Partner 1 and Partner 2 met in corporate America and started a venture together when both had full-time jobs Partner 1 left the corporate job and entered grad school, ostensibly to help the business (and supposedly by mutual […]
Join me on September 22nd as I share my thoughts, lessons, and humor on business partnerships with the Twitterverse! Yes, it’s a brave new world I’m entering, thanks to Melinda Emerson, The Small Biz Lady, and her #smallbizchat show. Every Wednesday, she hosts a weekly Twitter chat – focusing on everything that small business owners need […]
Sorry for the inconvenience–my segment on “Avoiding Business Divorce” has been moved to Thursday, Aug. 5, at 10:30 a.m. (ET) If you can’t listen in live to our business partnership discussion, make sure you check back in for the replay. Have questions about business partnerships you’d want to “Ask The Business Lawyer”? Listen in–on 8/5 […]
Any time you accept money from someone else to help your business grow, you should put that relationship in writing. Many a lawsuit has been brought because of misunderstandings about (1) how much would be provided, (2) when the money would be provided, (3) whether there were benchmarks that needed to be achieved in order […]
Q.: What should I be aware of while creating an LLC with a foreign partner? My potential partners are in Taiwan and mainland China. What issues should I be careful of before moving forward with my overseas partnership? Read on to find out . . .
In light of our just-celebrated Labor Day, I thought I’d share a little something about the dangerous games that small business owners play when, in essence, they hire employees and pay them as independent contractors. From Shakespeare’s Romeo and Juliet, 1594: What’s in a name? that which we call a rose By any other name […]
We noted in the previous post on competency why you need to resist the temptation to be all things to all people. Another element of keeping customers happy is communication. By the time clients reach your firm, they’re nervous. Maybe they’re in a jam and need help (they’ve been sued); or they see the writing […]
Many thanks to attorney Anthony Cerminaro’s BizzBangBuzz blog for bringing this tidbit to my attention.This handy article, which appeared in Business Intelligence Lowdown earlier this year, lists 101 common sense management tips for entrepreneurs.What floored me was that all 101 tips appear in the article (and not in a link to purchase a book for $197.00)!
We noted in the previous post that the three “C’s” of good customer service are competency, communication, and creativity. Are you competent to serve the customer market you’ve chosen? Competency has two factors: choosing and currency. What areas of practice have you chosen, and are you keeping current in all – not just some — […]
It’s an unfortunate aspect of American life that you can’t stop someone from bringing a frivolous lawsuit. Even some politicians have recognized the ways in which frivolous lawsuits can hamper America’s small businesses, and proposed legislation just last year — most notably, the “Frivolous Lawsuit Prevention Act of 2009” (S. 603), which apparently died in […]