A government contract can be a source of revenue for a business. Such contracts often all but guarantee appropriate payment for the business, which isn't necessarily the case when doing business with individual consumers or other organizations. A single successful...
Business owners sometimes have to merge companies to create a more successful combined company that can benefit from a better market position. Given the significance of such a transition, mitigating any negative impacts should be a vital consideration. Fortunately,...
One of the most important decisions that an entrepreneur makes involves the formation structure of their company. The structure of a business influences everything from how much control an owner has over daily operations to what taxes the business must pay. Even if...
Partnerships can either be the key to success or the road to failure. Did you know that up to 70% of business partnerships ultimately fail? As a proactive entrepreneur, it can help to identify the common reasons why businesses break down to better safeguard your...
Securing a government contract is often a difficult task. Businesses and contractors have to bid on the project without knowing what others may propose. Complex proposals that include details about the work provided, project timelines and budgets factor into the...
A business acquisition can be beneficial for a growing organization. They may purchase a competitor or a company operating in a totally separate industry. So long as a company has the resources to afford an acquisition, there are many potential benefits to doing so....
One party's contract failures can have dire implications for a business. Perhaps a construction company failed to meet certain standards when working on an office remodel. Perhaps a vendor missed a delivery, provided the wrong materials or increased its prices despite...
Many business owners are always looking for new ways to expand their reach and grow – and mergers can offer a lot of benefits to everybody involved. However, not all mergers are created equal. Understanding more about the different forms a merger can take can help you...
A company's contracts help it control business operations and expenses. Employment contracts clarify what wages workers can expect and what duties they must fulfill to earn that income. Supplier contracts can help make costs and delivery dates more predictable. Client...
Operating your new business as a sole proprietorship is certainly the easiest route to go, but it lacks certain advantages – like personal asset protection and a formality that can make it easier to obtain financing. Just the same, incorporation – with all its initial...
