Business facing lawsuit, in all its forms, can have a negative effect on the business and its bottom line. Contract disputes and accusations of fraud can force a company to put business on hold. If you do go to trial, costs can jump considerably as trial is typically the most time-consuming part of a case. Publicized disputes can even tarnish a business’s reputation.
What Every Business Must Know About Common Lawsuits?
No one wants to face lawsuits! Even as a business, it can be very stressful. The reality is that lawsuits are time consuming and sometimes costly; and can put businesses in deep financial situations if not handled properly. The best-case scenario is to prevent lawsuits all together by taking the necessary precautions. Of course, you […]
How to Manage Joint Venture Partnerships to Work?
To manage a joint venture partnerships can soon become difficult if you don’t plan them right. Your business may have strong potential for growth and you may have innovative ideas and products. However, a mismanaged joint venture could give you a run for your money.
How to Choose the Right Joint Venture Partner?
The ideal partner in a joint venture is one that has resources, skills and assets that complement your own. The joint venture has to work contractually, but there should also be a good fit between the cultures of the two organizations.
When and Why a Business Can Enter into Joint Ventures?
Entering into a joint ventures is a major decision. When two businesses agree to join together for a common purpose and mutual benefit, it gives rise to a joint venture. Join ventures can be created by two or more parties; generally characterized by shared ownership, shared returns and risks, and shared governance in a business.
7 Factors to Consider Before Choosing the Business Organization: Proprietorship vs Partnership vs Limited Company
After studying sole proprietorship, partnership, limited company forms of business organizations; it is evident that each form has certain advantages as well as disadvantages. The important factors to consider before starting a business is to choose the business organization.
Why Choose Sole Proprietorship as Your Business Organization?
Despite limitations of size and resources, many people continue to prefer sole proprietorship over other forms of business organization. Sole proprietorship refers to a form of business organization which is owned, managed and controlled by an individual who bears all risks and receives all profits.
What Factors Are Important to Be Considered While Starting a Business?
You’re an entrepreneur who is excited about starting a business. But, there are many steps to successfully starting a business. It can even be overwhelming when you’re trying to figure out what to do first. Here’s a guide to help you get started.
Why Does Business Need Multiple Objective?
As per modern thinking, business needs to have multiple objectives. For instance, primary objective of business is generally believed to be profit earning. However, consistent and sustainable profit can be earned only if the business is performing useful services to the society. Following only one objective cannot lead business towards excellence.
7 Basic Characteristics of Business We Should Always Remember
Characteristics of Business refers to activity in which a business regularly trades with an objective of earning profit. The activity may consist of production or purchase of goods for sale; or exchange of goods or supply of services to satisfy the needs of other people in the society.