When you run a small business, you know that you need to keep reaching out to your customers (and potential customers) if you want to stay afloat. Sometimes all it takes is reminding them that you're there -- maybe with a special offer to bring them in. Telemarketing sounds like a great idea, and you've heard that lists of numbers are readily available for sale.
You've been in business for a while without any major problems. You've always been fair to your suppliers or vendors. You treat your employees with respect. You honor your promises to your clients or customers.
A good noncompete agreement isn't out to limit a former employee's prospects in life or penalize a company's prior owner. Noncompete agreements are designed to protect legitimate business interests in an increasingly competitive world. That makes it especially important that you avoid sabotaging yourself when dealing with them.
Negotiations between businesses are all about managing risks because things can and do go wrong all the time. Looking ahead to potential problems means paying attention to your indemnity clauses.
We recently learned how damaging cyberattacks can be, especially to small- and medium-sized businesses that may not have the latest and greatest defense against online threats. One company appears to be paying the price in more than one way for an incident that left it struggling to recover.
Do you think your business is too small to attract the attention of information thieves? Think again. Small and medium companies are routinely targeted by cybercriminals, often because they don't have the same emphasis on security and the same level of watchfulness that larger organizations do. They also often lack the resources that large companies have to prevent cyberattacks.
The owners of an East Palestine, Ohio, business have filed suit against a Lisbon business for basically stealing their own subsidiary out from under them.
Your trademark carries a lot of clout -- for good or bad -- with consumers. That's why it's always worth protecting -- and why so many companies will go to court in order to defend their trademark.
If you're a small business owner who designs, manufactures or sells a product, there's a sobering reality that you need to face: The odds are very high that you will get sued sooner or later.
Investments are increasingly complicated to navigate, so it isn't unusual for both individuals and businesses to work with a financial advisor to achieve their goals.