A Billionaire's Lesson
Work Smarter and ask yourself, "What Else Can I Offer My Paying Customers?"
I’ve always been a big fan of the TV show ‘Shark Tank’ in which everyday small business owners pitch their idea to superstar entrepreneurs like Mark Cuban in hopes of partnering with them. As I was watching, I kept seeing commercials for a show called ‘The Profit’, but never gave it a second thought because I didn’t like the religious pun (No, I’m not overly religious, but apparently overly quirky).
Building Your Culture On Purpose
Want A Better Culture? Adopt New Behaviors And Stick With Them
Quick: Describe your company’s culture. Is it what you envisioned when you started the business? Since volumes have already been written on the subject, let’s limit our focus and start with behavior. I like blogger Wally Bock’s simple definition of behavior: It’s what we do and say. If you say and do things enough, they become habits. That takes discipline.
Letter of Intent
What Is the Intent Behind Your Letter of Intent? Should You Even Bother?
Richard D. Worth
This may come as a shock, but contract negotiations are rarely smooth and risk-free endeavors. There are a multitude of issues to consider, from terms of payment, to performance and damages provisions, to choice of law provisions and arbitration clauses, and many more potential issues. The list goes on and on. To make life easier, during particularly complex contract negotiations, parties oftentimes execute legal documents called letters of intent ("LOIs"). Used to memorialize the general terms of the business deal, LOIs provide the parties with somewhat of a safety blanket before fully documenting the transaction. LOIs are intended to give the parties assurance that the transaction is moving forward along specified parameters and that all parties intend to follow through on the deal according to those terms set forth in the LOI.