Business

Business Tips & Info

The Lawyer

One of the most difficult aspects of starting and running a small business is knowing what are the requirements for compliance with the law and what legal pitfalls to avoid.

A good business lawyer can offer you expert advice on establishing a small business, buying an existing business, or evaluating a franchise opportunity. He or she can also help you draw up a partnership agreement, plan for expansion through incorporation, sale or purchase of business, provide research and advice, etc.

The lawyer is working for you, so take your time in deciding who to hire. Your needs must be clearly understood and you should feel comfortable when dealing with your lawyer. It is very important that the lawyer be a business lawyer and deliver easily what you ask.

It is your responsibility to read and check all documents and fully understand what you are signing or accepting. No advisor should divulge confidential information about your affairs (except when required by law).

You should know that, if you want the expertise of a senior partner in law firm you may be charged more than with junior, because senior partner cost more. Though you may be reluctant to pay for legal advice, its benefits in terms of time, wary, and saved later, definitely outweigh its initial cost. After all, the cost of professional help is a legitimate tax-deductible business expense.


Related Links:

The Accountant

The Banker

Other Professionals

Business Guide

Factors to Consider

Your Product or Service

Protecting Your Product or Service

Your Customers

Glossary of Business & Financial Terms

Ratio Analysis

Financing

Sources of Business Financing

Determine Cost

Web Design

Web Hosting

Defusing Difficult Relationships

Being a business owner can sometimes test you patience. Cranky employees and difficult customers can sometimes make you feel like you are a magnet for attracting frustrated people and problems. In order to survive and keep your sanity in going forward, address all factors that affect your business with a strategic and patient approach. Remember the first golden rule of conflict resolution: "LISTEN AND KEEP YOUR COOL." The second rule is: "BE PLEASANT AND KEEP AN OPEN MIND." The third rule is: "ACCEPT RESPONSIBILITY, SHOW EMPATHY AND OFFER APOLOGY IF YOU MADE MISTAKE OR CONTRIBUTED TO THE PROBLEM." How you respond can make the difference between solving the problem or losing.



Accept responsibility
rather than blaming someone else
Let difficult people know
you can see their perspective
Keep your cool
show empathy and apologize

Did You Know?

It doesn't take a fortune to sell your products and services on the Internet. It just takes some knowledge of what your customers want and how to find a way to present your sales solution to them.

For business people either selling products or promoting their services on the Internet, the importance of attractive, fast, usable sites can't be overstressed. Much like a counter person or storefront, the appearance and function of a business' website conveys an image of the company to the customer.

Your website is your image on the Internet. That image can either be good or bad, and bad images don't sell. Adhering to a few common sense web design rules can help with the public's perception of your company and increase your sales. Find out more...