When you're starting a business, you may not have total control over when you launch it. You may have to wait until your property is ready, your inventory has arrived and your staff is fully trained.
You've decided to open your own medical practice. Like many new endeavors, your chances of success are greater if you do the necessary research, get the professional assistance you need and understand that the process will take some time.
If you're starting a business in South Florida, you have the advantage of being in a part of the state with access to an extremely diverse potential workforce. People of many races, ethnic backgrounds, religions and sexual orientations live and work here.
If you're starting a business and recruiting highly-skilled, experienced people to help you run it, they'll likely expect to have a written employment contract. They probably aren't going to leave a secure, lucrative position with a more-established company to start on this new venture with you with only the promise of a paycheck every two weeks, health insurance and a 401(k).
Florida has been nicknamed "The New Business Hub." Entrepreneurs who invest their time and money in a business that is part of a booming industry -- such as health, food and beverage and retail -- can find success here in our state if they're able to successfully meet the needs of a population diverse in every way, including age.
Many people over 50 who have retired (either voluntarily or involuntarily) aren't ready to stop working just yet. They feel like they've still got plenty to contribute. However, they want to do it on their terms and put their time and energy toward something they're passionate about.
Choosing the right business partner can be every bit as crucial in some ways as finding the right spouse. After all, both are people with whom you'll forge a legal bond that you hope will last a long time. You'll go through ups and downs with a business partner, just as you will with a spouse. Your college roommate or best friend at work may seem like a good person to start a business with, but they may not be the right fit -- and you may not be the right fit for them.
If you have a contract with someone who has "right of first refusal," it's essential to understand what your obligations are to them. It means that they have the right to enter a particular transaction before anyone else is offered that right.
Sometimes, the people you want to work with in business aren't all in the same state. As a result, you might be held to different standards or face different laws that your business has to follow.
Running a business is never easy. There's so much to do on a daily basis that it can be overwhelming. One of the most challenging aspects of running a business is when a merger with another company occurs. Following are some tips to prepare your employees for a merger so that it goes as smoothly as possible for all involved.