As a business leader, you have a certain degree of control over internal factors at your company that might cause disruptions in your supply chain. When external factors are at play that affect entire industries and each link in the supply chain, the best thing you...
You and your business partner own the company together, and you own it 50-50. It’s been that way since you started the business with just a few thousand dollars in loans, and it’s still that way even though the business is now worth millions. What has changed is that...
Maintaining growth and sharpening your competitive edge often requires taking bold steps as an executive or business owner. A merger with another company can be a very savvy business move for those hoping to curb a specific market or grow significantly in the upcoming...
Your business contracts with various parties ensure the timely and accurate completion of multiple projects. However, a contract does not necessarily guarantee receipt of the goods or services you expect. Fortunately, it is possible to pursue various remedies...
Trademark infringement is the illegal use of intellectual property to market a good or service. According to the United States Patent and Trademark Office, the unauthorized use of a trademark leads to confusion or deception about the source of the good or service, and...
You’ve got great ideas, but you don’t have the time, inclination or reach to take them to market – but you can still have a viable business through product licensing. This is particularly true if you’re a prolific artist or inventor and want to obtain the broadest...
A cooperative business arrangement like a partnership reduces the direct pressure on an individual entrepreneur. After all, there are two people to share the responsibilities that come with starting a new business or taking over an existing one. Your partner could...
Social media is a powerful tool that helps businesses connect with the exact segment of the public that has an interest in their products or services. You can narrow your marketing efforts to target specific people that will respond to each advertising campaign. If...
When you started your business, you likely had visions of money rolling in and being your own boss. You knew there would be challenges, but you had a vision for success. It can be devastating when your business hits challenging times or does not hit the streak of...
One of the nice things about a Chapter 11 bankruptcy is that it buys you time to save your business. Unlike some other kinds of bankruptcy, Chapter 11 bankruptcy is designed to help you keep your business open by giving you time to restructure it. Chapter 11...