It is essential to keep your business’ quality high. In Florida, there are unique challenges to be aware of. Knowing these can help you stay ahead of the competition. Climate-related quality control issues Florida's hot and humid weather can affect product quality....
According to the U.S. Census Bureau, business owners started almost 700,000 new businesses in Florida in 2022. If you started a new business, you know there can be many documents you must complete. One essential document, the business operating agreement, will help...
Not everything is rosy in the business world. Facing a lawsuit is one such example. Whether this development was expected or came as surprise, you must prepare for this latest and not-so-pleasant business challenge. In launching your business, you collaborated with a...
Competition is part of what makes capitalism work. The desire to compete against an existing business or established professional can drive innovation and help keep prices more attractive for consumers. Unfortunately, not everyone wants a fair and level playing field...
If you are a business owner in Florida, you know that the data you store online about your employees, customers and inventory is a very precious resource. It’s really the heart of what you do, no matter what type of enterprise you run. Your whole company can be...
You have trade secrets that help make your business competitive or profitable. Maybe you have a proprietary salad dressing recipe that you gave to the cook who works in your restaurant. Perhaps you have a unique process for home repairs that allows your technicians to...
Most people associate boards of directors with large, publicly owned corporations. However, a private company of any size and structure might also benefit from having a board. Note that a board of directors isn’t the same as an advisory board. It’s crucial to...
Entrepreneurship isn’t for the weak, that’s for sure. A lot of new businesses never make it off the ground. Others stumble along for a few years, only to fold before they ever reach maturity. In fact, roughly 70% of small businesses will never see their tenth...
Entering into a partnership to start a business with another person can be a life-altering choice. Obviously, drafting a thorough contract is in both of your best interests. Unfortunately, not everyone who signs a contract will uphold their end of the agreement. What...
Competition in large part drives capitalism, but it can also lead to unfair situations. Some businesses or individuals will stop at nothing to gain an advantage over their competitors. Some might even try poaching employees from you or engaging in corporate espionage...