Business Transactions

Post image for Stay on Target With Hired Guns

The following 5 tips will help you avoid complications when hiring contractors. You want to grow your business, but the thought of taking on employees–dealing with salaries, payroll taxes and personality issues–scares you more than the latest Friday the 13th movie. Happily, there’s a way to expand your company’s capabilities without bloating it with staff: Hire […]

{ 0 comments }

When I bought my favorite Lee® jeans years ago, they fit like a glove. Just what I needed. As I put on weight, they generously stretched with me. When I lost weight, though, they stayed stretched in the knees and the butt. Not flattering. Holes developed around the seams. The cuffs became tattered. They turned […]

{ 0 comments }

Post image for Should You Do Business With Friends?

Adhere to the following 4 ground rules if you want to keep the friendship. Should you . . . or should you not . . . do business with friends? The short and obvious answer is: It depends. Whatever side of the deal you’re on–giver or receiver–here are some ground rules to consider: Only do business […]

{ 0 comments }

Post image for Basic Training: I is for I Gotta Get Outta This Lease

This week’s basic training deals with a situation becoming all too common these days: Business stinks, and you just want out. To close the door, turn the keys over to the landlord and just walk away. Q.: How can I give keys back to landlord, and for them not to sue me? Small shop in […]

{ 1 comment }

Post image for When Can Napkin Notes Become a Binding Contract . . .?

A written contract doesn’t have to be filled with legal mumbo-jumbo in order to bind your business. That was a hard lesson learned by a Missouri company, in the case of Baum v. Helget Gas Products, Inc. In the Baum case, the prospective employee (Baum) took copious notes during his interview, including descriptions of salary, […]

{ 1 comment }

Post image for Look Before You Lease

The hidden costs of a commercial lease might be more than you can afford to pay. Like renting an apartment, an office lease gives your company the comfort of a place it can call home. But home can turn into a white elephant pretty quickly when business takes a turn–for better or worse. It’s harder […]

{ 1 comment }

Post image for Basic Training: E is for Exposure

Remember the days when real estate seemed invincible, defying the laws of gravity? Well, the joke’s on us, and now many real estate investors are scrambling to dump their properties so that they don’t go down the valuation toilet with them. Q: I bought some property and put 25 percent down; the owner financed the […]

{ 1 comment }

Post image for How to Find and Keep Customers for Life

I wish I knew the answer. That’s why I’m attending the Fourth Annual Small Business Summit on Feb. 3 in New York City–“the only small business summit BY small business FOR small business.”  Exchange ideas with experts and peers; connect with potential new alliances; find the resources and customers you’re seeking.  Visit the Small Business Summit site […]

{ 0 comments }

Post image for Follow the ABCs of Buying a Business

Make sure you dot all your i’s and cross all your t’s before signing on the dotted line. Make no bones about it; buying a business is a big deal. Depending on whether you buy all or part of a business, your investment will likely result in the largest single asset you ever own. Don’t […]

{ 0 comments }

Post image for The Snags in Doing Business with Friends

It’s so easy to get sucked into an awkward spot when doing business with friends. It can start out as an exchange of expertise (a barter of the minds, if you will). Add in a dollop of friendly advice and MasterMinding. Mix together in a bowl . . . and watch the uglies emerge. One […]

{ 0 comments }