Posts tagged Business Venture
The 10-Year Shadow: Navigating the New Recordkeeping Mandate
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The Bright Horizons of U.S. Trade Agreements
Verbal Agreements: Do They Hold Up?

Sometimes there is lacking clarity about the liability when an individual as a part of a company enters into a verbal agreement - especially when it is not vocally specified who is bearing responsibility. The last thing you want or need is to be in a contract that binds you to something but you thought you were agreeing to something else.

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Looking For The Perfect Market For Your Business? Read This First.

We have discussed the social and cultural Factors before, but make sure you know what the literacy rate is and the average educational level in the country? If you are selling to or your product is designed for the middle class, make sure there actually is a middle class that would support your product?

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Selling A Business? Read This First.

Could there be disputes? Absolutely. There often are between buyers and sellers, which is why it's important you have a lawyer ready for litigation even after the ink has dried. Working capital is the biggest issue of dispute, with some cases going to trial and lasting for years with discrepancies in the millions and billions. Working capital is the biggest cause for dispute, but litigation post-sale can happen for any number of reasons including warranties & purchase price payments.

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Business Etiquette & Your Bottom Line

Culture is very important in business and has an impact on the strategic direction of business. Culture influences management, decisions and all business functions from accounting to production. Don’t just think in terms of the national culture but also in business think of meetings, negotiation, formalities, social media use, internships and work placements hierarchy.

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