If you are in the process of launching your new business, you may have to negotiate one or two contracts; perhaps with a partner, a supplier or an ad agency. It could be that this is a part of your business with which you have had little experience. Here are five tips...
Business Law
Common mistakes made by startups that are seeking funding
For Ohio startup companies, finding venture capital may be important so that the businesses can grow. A common issue that many startups have is trying to figure out how to attract investors. There are a few common reasons that venture capitalists and angel investors...
Small business succession plans
According to a recent survey of 200 privately owned businesses, 58 percent of small business owners have no succession plans. These individuals have no strategies in place for how ownership should be transferred if unforeseen incidents should occur. While some small...
What to include in your partnership agreement
If you are launching your own business and you wish to make it a partnership, creating a partnership agreement may be among your preliminary tasks. Partnerships can help your business thrive under the leadership of more than one knowledgeable, qualified person, but...
Preparing for venture capital investors
Many Ohio business owners may consider requesting funding from investors to help their startup succeed. Entrepreneurs who are seeking venture capital funding for their startup can take certain steps to positions their enterprise to raise such funds. Having up-to-date...
How startups can learn to handle debt
Business ventures often begin in debt. The exact structure of a startup's capital can take many different forms, but most business owners in Ohio will have investors, credit cards or a bank loan of some kind. Realistic expectations are a key part of dealing with debts...
How often should you update your employee manual?
Companies use employee manuals, or employee handbooks, to set out policies and expectations for employees. These manuals come in many forms and can even include interactive web pages. Employees might refer to them when they have questions about vacation policies, the...
Mistakes some businesses make when downsizing
In the business world, downsizing is often code for "layoffs." No one enjoys having to lay off employees, and the unpleasantness of the task can sometimes cause business personnel to act out of character. For instance, a normally friendly boss might be rigid, abrupt...
Preparation could lead to loan approval for small businesses
Small business owners in Ohio likely know that they will face considerable scrutiny when approaching a bank or credit union for a small business loan. Preparing essential documents prior to meeting with loan officers could aid business people who need financing....
Tips for downsizing your business successfully
Usually, business owners focus on how to grow and expand their companies. While success is the ultimate goal, growth for the sake of growth is not always beneficial. This truth becomes more apparent during a downturn in the economy. Whether or not a recession is going...