Over the last year, every business owner has faced unprecedented challenges, from temporary closures to complying with new health and safety guidelines. In this environment, we are all reminded that there are no guarantees when it comes to running a business. Because...
Business Law
3 Mistakes to Avoid When Drafting a Noncompete Agreement
Protecting information valuable to your business is critical for any enterprise. And there are several ways you can do this as a business owner, including drafting contracts with partners and employees. One type of agreement you might consider is a noncompete...
Despite challenges, U.S. business applications surge
According to a new report from the U.S. Census Bureau, new businesses are forming at the fastest rate in a decade. Business applications soared by over 1.5 million in the third quarter, a 77% increase over the second quarter of 2020. Despite the devastating impact of...
What’s Your Exit Strategy?
When you start a family business, you need to consider what will happen when you no longer can or want to run it. In other words, you should think about your exit strategy. It might seem unnecessary to think about leaving a business you have just started (or have yet...
Five Types of Risk Businesses Face
Pursuing a business venture naturally involves risk. Eliminating all risk is not an option—there are many factors beyond your control, and it is impossible to prevent every circumstance that might deviate from your plans. Nevertheless, you can decrease the degree of...