Every contract contains an implied “good faith and fair dealing” covenant. It demands that each party to the legal agreement respect each other’s rights when enforcing it. The terms and conditions contained in a contract explicitly detail each party’s obligations…

It can be easy to rush headlong into a new business idea carried along on a wave of enthusiasm. While that initial energy is essential to getting your project off the ground, you also need a dose of caution. Spark and drive can only get you so far in business…

Starting a business often involves small steps before someone creates a formal business entity. They might buy a website first, create a few prototype products or otherwise make purchases on behalf of the business before it officially exists. These small transactions…

Many entrepreneurs have specific dreams for their future and the future of their business. They have an accelerated growth plan in mind that they plan to implement in growing their business to become the next big thing. An entrepreneur looking to scale their company…

As a small business owner, you want to appeal to customers with disposable income. For your customer base, some of that money is in cryptocurrency. You’re considering accepting cryptocurrency payments for your online sales. Is that a good idea? Since there’s a lot to…

If you are a business owner, it is likely that you have a keen entrepreneurial spirit: You are passionate about building businesses up from scratch, rolling up your sleeves, and hustling to better yourself and your company. However, not all entrepreneurs achieve…

If you are trying to take over an existing business, then you’re in a unique position. You’re able to work with a strong client base and all the data from the past owner so that you can make great decisions about running the business. Some turnkey businesses are…

It’s an unfortunate reality in the world of small business that partnership disputes are all too common. It’s not unusual for business partners to disagree on the direction they want to take the company. Occasionally, however, conflicts escalate to the point where one…

One of the mistakes that new business owners sometimes make is that they forget to check the local regulations and zoning ordinances before buying a new property. They just find a building that will work and that is for sale, and they assume that they’re allowed to do…

If you have recently started your own business or become CEO of a startup, you will already know the importance of having contracts in place. Making huge financial decisions on the basis of someone’s word is reckless because there is nothing in place to hold the…