Business Law

Let Your Customers Know You Are Doing Your Best

Posted on September 13, 2022

naperville business lawyer

To say that times are tough for business owners right now is to massively understate the challenges facing small and mid-sized businesses across the country. Businesses are plagued with staffing shortages, supply chain interruptions resulting in delays and shortages, and lingering financial effects caused by the pandemic. The stress caused by these issues affects both businesses and the customers they serve. One survey showed that 87 percent of consumers have been negatively impacted by supply shortages and delays. Consumers reported feeling frustrated, anxious, and angry due to these issues. Concerningly, […]

Posted in Business Law

Combating Labor Shortages in Manufacturing

Posted on September 6, 2022

naperville business lawyer

Labor shortages have affected many industries, but few as harshly as the manufacturing industry. In our modern world, manufacturing jobs require not only operational know-how but also substantial digital expertise. Workers with the necessary skillsets are rare, and many who do have the necessary skills have moved on from manufacturing jobs to positions with higher pay, better benefits, or more flexibility. Increased costs and supply chain disruptions caused by lockdowns and the Russia-Ukraine war are only exacerbating problems in the manufacturing industry. Employers in the manufacturing industry are now faced […]

Posted in Business Law

Would Your Business Get Top Dollar in a Sale? 

Posted on August 30, 2022

naperville business lawyer

Would you like to get top dollar for your business when you eventually sell it? If so, you will need to start preparing now. It usually takes about five years to get a business ready for sale, so the sooner you start, the better. Many business owners fail to think about how to increase the business’s value before putting it on the market. This mistake can cost you dearly. Whether you plan to sell soon or you are simply readying your business for a possible sale in the future, it […]

Posted in Business Law

Safe, Updated Data Management is Essential To Business Success

Posted on August 23, 2022

naperville business lawyer

As a small or mid-size business, it’s imperative that you have a consistent, thorough, and secure process for gathering, storing, and interpreting data. This is crucial to staying ahead of competitors, making informed decisions, and protecting employee and client information. Hacking is more common than ever. Data breaches exposed an astounding 22 billion records last year alone. Cyberattacks can cause legal issues and frustrations for not only you, but also your customers and clients. If you have been putting off securing your system, you should put it to the top […]

Posted in Business Law

Helping Employees Pay Student Loans Is a New Incentive to Attract and Keep Top Talent

Posted on August 9, 2022

The cost of a college education has skyrocketed in the last few decades. About half of all college students graduate with debt, and the average amount owed is just under $30,000. Many employers recognize the massive financial burden their employees with student loans are currently facing. Simultaneously, employers across the country are struggling to attract and keep high-quality workers. In response to these concerns, more and more employers are offering various types of student loan relief to employees. The CARES Act has paved the way for employers to offer student […]

Posted in Business Law

Is Your Anti-Discrimination & Cultural Training Up to Today’s Standards? 

Posted on August 2, 2022

naperville business lawyer

The United States is often referred to as a “melting pot.” Few other countries are as diverse as the U.S., and many small and medium-sized businesses reflect this.  Companies with employees of varied backgrounds, cultures, genders, and ethnicities benefit from workers’ unique life experiences and perspectives. Originality, creativity, and outside-the-box thinking are just some of the advantages associated with a diverse workforce. Businesses staffed with employees of differing life experiences are also less likely to get caught up in groupthink which leads to suboptimal business practices and stagnation. Unfortunately, discrimination […]

Posted in Business Law

How To Write A Business Plan And Seize The Opportunity Of Business Ownership

Posted on July 21, 2022

naperville business lawyer

Running a successful business is harder now than it has ever been. However, for many, now is the perfect time to start a new business. Challenges like inflation, supply chain issues, and worker shortages force entrepreneurs to adapt and overcome. It is often during the darkest times that the most innovative ideas and solutions are formed. Business owners and business leaders dealing with the current struggles have an opportunity to see things through a new and different lens. Many have devised creative products and services to meet the needs of […]

Posted in Business Law

Are You Able to Be a Visionary at Your Company?

Posted on July 14, 2022

naperville business lawyer

Most small and medium-sized businesses begin as an idea. Over time, that idea is developed and refined into a thriving company. Most entrepreneurs are dreamers at heart. However, they are forced to focus on more practical, immediate matters when building their businesses. Unfortunately, many business owners and business leaders find themselves so busy dealing with day-to-day business operations they no longer have time to be the visionary they once were. If this situation describes you, it may be time to reevaluate how you spend your time. Are you taking on […]

Posted in Business Law

How Do Business Owners Plan for Life-Changing Events?

Posted on July 12, 2022

naperville business lawyer

If the last few years have taught us anything, it is that life is full of unexpected changes. When you own a business, planning for life-changing events must be a top priority. For many owners of small- and medium-sized businesses, their business is their most valuable asset – both financially and personally. Consequently, protecting the business’s future is essential.  Having a detailed business succession plan in place is one of the best ways to protect a business in the event of an unexpected illness or death. Business succession plans can […]

Posted in Business Law, Estate Planning

Review Your Business Contracts Frequently to Ward off Problems

Posted on July 7, 2022

naperville business lawyer

Contractual relationships are the backbone of a successful business. Unfortunately, many business owners are stretched so thin that reviewing contracts gets put on the back burner – especially during these chaotic times. It can be easy to overlook contract renewals or proceed with a renewal without updating or negotiating the contract terms. Business contracts should be checked frequently to account for changing needs, increased expenses, and other concerns. Failing to regularly review and modify contracts as needed can cost business owners precious time and money. Contract Review and Negotiation is […]

Posted in Business Law

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Please note: These blogs have been created over a period of time and laws and information can change. For the most current information on a topic you are interested in please seek proper legal counsel.

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