Own Your Success(ion)
Don't Get Trapped By Failing To Plan!
Business owners, I know you have worked extremely hard to build your businesses. Your singular focus means you know your business inside and out and have been responsible for the decisions and commitment that have built the company into what it has become.
The approaching new year reminds us all that the time has come, however, for you to not only work in your business but work on it as well! What does that mean? You need to prepare to transition your business to a family member, key employee or third-party buyer – and you need to do this while continuing to manage daily operations to maintain and grow the business.
Where do you begin? What is the most effective and profitable way to tackle this very important planning? Where will you find the time on top of your daily responsibilities? Where can you find all the resources needed with the knowledge and experience to walk you through this process, the single most critical financial event of your career?
Customer Service Is No Accident
How To Guarantee Top Notch Customer Service In Your Business
When you receive good service, who gets the credit: the employee or the business? Moreover, who deserves the credit?
It’s an important distinction. If your employees provide outstanding service, is it because of the business or in spite of the business?
Don’t let good service be an accident.
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.