Tag: small business

Small and mid-size businesses enjoy many advantages when compared to larger companies. Unfortunately, however, being a smaller company does not exempt the company from the same legal risks and challenges as your larger counterparts. In fact, in some ways, being a smaller company can actually put you at greater risk. Many well-meaning business owners assume that their business is too small to incur the normal turmoil of larger businesses. It is only when a legal issue does arise that they recognize the severity of the situation. As more regulatory and […]

Ideally, legal issues would be prevented through measured, proactive action. However, even the most diligent business owners or leaders can find themselves facing a serious legal issue. Some of the most common legal issues involving small and medium-sized businesses include contract disputes, intellectual property issues, employment law compliance, and regulatory problems. If your business is involved in any type of legal issue, it is important to take quick and decisive action to protect your interests. The following are some key steps to follow. How to Handle Legal Problems in Your […]

Business owners have been faced with seemingly endless challenges in the past few years. Shipping delays, labor shortages, and supply chain issues have forced many business owners to get creative in order to keep their businesses afloat. Lingering economic problems caused by the coronavirus pandemic and other international issues have added yet another layer of complexity to the mix, and business owners are scrambling to adapt. Many are wondering how they can recession-proof their businesses and protect themselves from the economic downturn. There is no one-size-fits-all solution to recession-proofing your […]

No business owner wants to deal with the headache and expense of a lawsuit. But unfortunately, even the most well-meaning businesses can find themselves on the wrong side of the law. The good news is that you can take steps to help avoid legal problems before they occur. One of the best ways to protect your business from lawsuits is to be proactive about risk management. This means taking steps to identify and mitigate risks before they result in legal action. You might perform regular safety audits of your workplace, […]

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 […]