More and more people are shopping online and handling many aspects of their business online. That makes for a lot of customer data floating around out there in cyberspace. It also causes a lot of bad actors to use phishing scams and other devious tricks to breach the systems and steal the data for nefarious purposes.
Is data access a liability to your business?
Could you get tripped up by scope creep on your next project?
If you are a Denver contractor, chances are good that you have already experienced scope creep on your jobs. To a certain extent, scope creep is an occupational hazard that must be managed.
Why should spouses handle business finances together?
Business owners can often control the income range of the business. Aggressive marketing can pull in more money, while a pause in marketing could keep the revenue consistent. For most married couples who own a business, making sure that it is successful is a priority. But, this could change when one party decides that the marriage is over.
Creating employment and trade contracts that protect your company
As the owner or primary executive of a business, you have a vested interest in protecting the business's reputation and assets, as well as your own. A properly formatted business plan, as well as the right legal structure for your company, can drastically reduce your personal liability for issues that the company may experience at a later date.
Utilizing negative input to strengthen business strategies
Businesses are often the recipients of a consistent flow of feedback that comes from customers, investors, competitors and even management within their own company. Analyzing this feedback and understanding its intent is critical for businesses to be able to improve and strengthen their image. For Colorado businesses who receive negative feedback, their ability to see the value in criticism may help them to discover areas where improvements can be made to better their strategy and ability to provide what their customers want.
Steps to protect yourself from liability as a business owner
Running a business is a great way to maintain control over your schedule and pursue your passion that can also allow you to support yourself and your family. Unfortunately, with all of the positive aspects of business ownership come risks that the general public never has to consider.
Why should you buy an existing business?
When you decide that it's time to run your own business, you have two options. The one most people think of first is simply starting your own business. You can build it from the ground up, crafting it into whatever you would like it to be. This can be an exciting -- if daunting -- task.
Strategic pursuit of family partnerships may reduce conflict
Business relationships can have a complicated dynamic at times depending on the personalities of the people that own and manage the company, differences in opinion and even differences in religious beliefs or educational backgrounds. For people in Colorado who are in a business endeavor with another family member, that interesting dynamic can be significantly more fragile as the pressure to keep family and business affairs separate becomes crucial.
What licenses you need to open a restaurant
There are numerous people in Colorado who think it would be fun to open up a restaurant or bar. However, it takes a lot of work and planning to set up the establishment correctly. Failure to obtain the proper permits and licenses may prevent a restaurant's opening and/or result in fines and other penalties.
What to do when looking at property governed by an HOA
For some property owners in Colorado, there is nothing worse than finding the perfect home only to learn that there is a homeowners association in place. That disappointment often lingers whether the person intended to purchase the home as personal or investment property.
