Why You Should Develop an Exit Strategy from Your Business

Rationally, you know that you will not be able to continue running your business forever. Depending on your age, health, and passion for your work, you may be ready to step away from day-to-day operations sooner than later. As an accomplished business law attorney, I have helped hundreds of clients start new companies with the […]

3 Tips for Writing a High-Quality Business Plan

If you are an entrepreneur interested in starting a business, your mind is probably racing with ideas and possibilities. One of the most important things you can do to start your business off on the right foot is to create a detailed business plan. As the old saying goes, “Failing to plan is planning to […]

Naperville Business Law Attorney Discusses Business Plan Mistakes That Can Hinder Your Growth

You may already know the sobering statistics about the number of new businesses that fail. Studies show that within ten years of their inception, a shocking 96 percent of businesses have closed their doors. There are a great number of business owners and entrepreneurs who have brilliant ideas for products and services, but simply cannot […]

Naperville Business Lawyer on the Limited Return of New Coke

Whenever anyone talks about major mistakes made in the business world, New Coke is almost always part of the discussion. For those who might not be old enough to remember, the New Coke fiasco was a culturally defining event of the so-called “cola wars” of the 1980s, as Coca-Cola and Pepsi battled for dominance of […]

Naperville Business Lawyer on Discount Store’s Planned Changes

When you tell someone that you are going to the “dollar store” to pick up a few things, you might be referring to one of a few different retail outlets. It not uncommon for people to refer to discount stores like Family Dollar or Dollar General as dollar stores—ostensibly due to the inclusion of the […]

Naperville Business Lawyer Discusses Downsizing of Uber’s Self-Driving Operations

In my practice as a business law attorney, I am often approached by clients who have concerns that the plans they have for their respective ventures are not working as well as they had hoped. When this happens, I help my clients review their business plans and look for places to make improvements so that […]

Naperville Business Lawyer Discusses Toy Retailer’s Decision to Close

“I don’t wanna grow up, ‘cause if I did, I couldn’t be a Toys ‘R’ Us kid!” Most of us can remember at least part of the Toys “R” Us jingle that was part of the advertising campaign for decades. Sure enough, however, consumers did grow up, and it seems that they have largely left […]

Naperville Business Lawyer Discusses the Importance of Knowing Your Customers

When you develop a new product or service, you do so with the intent of providing higher quality, increased value, or both to your existing customers as well as to draw in new customers. To do so effectively, it is important to understand what your target audience wants and needs. Sometimes, however, a new product […]

Naperville Business Lawyer Discusses Electric Car Company’s Explosive Rise

It is not uncommon at all for a new company comes along that promises to change the state of the industry in which in it operates. Every few decades, however, a new company comes along that promises to change the state of the world as we know it. The best examples can be seen in […]

Chicago-Based Kraft Heinz Takes New Approach to Super Bowl Marketing

Every business owner understands the importance of increasing visibility and helping potential customers build a relationship with the company. For some businesses—including a number of the most recognizable brands in the world—Super Bowl Sunday provides the perfect opportunity to do just that. With millions of people watching the National Football League’s championship game, the Super […]