Business Transactions

Need to terminate? Take these five steps first. They say that “breaking up is hard to do,” and that certainly applies to giving an employee the heave-ho. Few business owners relish the conflict, the guilt and the fear of reprisal that often accompany the act of firing an employee. But sometimes you reach the point […]

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Post image for How Independent Contractor Agreements Protect Your Pocketbook

If you’ve been reading between the lines at all regarding the state of our economy (and, in particular, our government treasuries), you’ll be very much aware that state and local governments need money. Need our money. Need millions and billions and trillions of dollars of it, in particular. In order to avoid bankrupting themselves, governments […]

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Post image for How Business Tenants Can Reduce Operating Expenses

Wells Fargo just released the latest in its series of webcasts for small business owners.  Titled “Cost Saving Real Estate Strategies for Your Business,” it features moi, in a scintillating, not-to-be-missed discussion of how tenants can reduce their lease expenses.  I’m joined by co-panelists Brad Blackwell and Jagdeep Dayal of Wells Fargo, Emily Fu of […]

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Post image for The Devil Is in the Details

I hear a lot of complaints from business owners about not getting paid . . . cash flow is an issue . . . and they’re concerned about meeting their own obligations. But when we start to explore how they can protect themselves from slow payers, I find that they’ve often left themselves exposed. Here […]

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Post image for How to Get Paid

We entrepreneurs have certainly faced kinder, gentler economic climates in our day. Cash–and cash flow–are king (or queen–choose the sovereign of your choice). Here are some of the top tips offered by Mike McDerment, founder and CEO of FreshBooks, an online invoicing and time-tracking service: Bill clients early. Make bill-paying simple. Request partial payments earlier […]

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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 […]

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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 […]

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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 […]

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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 […]

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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, […]

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