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Archive for for November, 2016

Expect The Unexpected And What To Do About It

November 18, 2016

Unexpected things are going to happen. Read that again. Think about that. Things that you don’t expect are going to happen. There’s a lot of stuff that’s possible in this world and a lot of randomness, and things that we aren’t anticipating are going to happen, so we need to have system in place and procedures to get us through those times.

By definition, unexpected things are things that we’re not planning on. These are things that could happen. We want to have contingencies in place .… Read the rest

One Product Gone Bad: What's the Real Cost

November 17, 2016

Recently there has been an increase in discussions concerning phone explosions. The two recent cases have included Samsung smart phones and Nokia (a couple of years ago). It is important to note that in the most recent case (involving Samsung) no one has accepted liability.

These are phones, but similar issues can happen with other products.

What can be the impacts on your company of a defective product?

Financial Liability

The financial liability of an event like an exploding cell phone can be a huge problem.… Read the rest

Shifting Gears to Grow Your Business to a Higher Level

November 16, 2016

If you’ve read our prior blog post on revving up by using a team to get to a higher level, you’re probably starting to think about what is your specialization? What you do best and how to get focused on it? How do you build this team around you? How do you get moving? How do you get into that next gear? There are a number of things you can do.

#1 Get Focused on What You Do Best and Start Spending More Time doing it.Read the rest

November Book Review

November 15, 2016

This blog post is the newest in our monthly Book Review series. The following books reviewed are a collection of invaluable reads, topics include: marketing, medicine, leadership and women in business.

Platform… Get Noticed in a Noisy World by Michael Hyatt is a prodigious guide for helping to build a brand and identifies how to get your business’ message out there.  I wish I had seen this book earlier in my business journey.  I already practice several of Hyatt’s brand strategies, but the book taught me details and helped me refine the strategies I currently have in place.… Read the rest

The Pits of Partnerships: Five Critical Things to Think About When Entering Into a Partnership

November 14, 2016

We work with a lot of business owners on business partnership, getting them set up right, establishing them, and making sure they function the way they want. We are helping them by trying to align the partners, trying to make sure the economic interest work, and trying to maximize everybody’s wealth and value creation. But what are some things you need to think about in forming a partnership? What are the pitfalls? What are you on the lookout for when you’re setting up your partnership and negotiating?… Read the rest

Time: Make It Work For You

November 12, 2016

I have a confession to make. I built my law firm, and I had some early initial success, but the problem was after my initial success, I found that I was working too many hours. Simply, I was trading time for money, and the only way I could keep my business going was to keep putting more and more time in it. This caused me to hit a breaking point. I had to come up with new ways to build my business, which would take less time and less effort, and that caused me to fundamentally rethink my business.… Read the rest

Crowdfunding is Not as Easy as Everybody Thought

November 11, 2016

What now? There’s certainly been a lot of attention on crowdfunding. People have been talking about it for some time. Congress approved crowdfunding back in 2012, with the Jobs Act (Jump-Start Our Business Start-ups.) The SEC took a while to come out with regulations and, in 2015, they adopted those regulations allowing companies to start using crowdfunding starting May 16, 2016.

There was quite a build-up – about four years from the time the initial law was passed until crowd funding actually happened.… Read the rest

Definition of Accredited Investor To Be Expanded? (Part II)

November 10, 2016

In our last post, we looked at the recent recommendations by the Securities and Exchange Commission’s (“SEC”) Advisory Committee on Small and Emerging Companies (the “Committee”) to expand the definition accredited investor.[1]  For those who are familiar with the Committee’s activities, this was not the first time it recommended expanding the definition of accredited investor.  In March 2015, for example, the Committee recommended that any modifications to the definition should have the effect of expanding, not contracting, the pool of accredited investors.… Read the rest

All postings are intended to be planning tools to familiarize readers with some of the high-level issues discussed therein. No posting is intended to be a comprehensive discussion and additional details should be discussed with your transaction planners including attorneys, accountants, consultants, bankers and other business planners who can provide advice for your circumstances. This article should not be treated as legal advice to any person or entity.