If you have ever had someone reject a form because you failed to fill it correctly, you have some idea of what bidding for a government contract will be like. The competition is so challenging for these lucrative contracts that you need to have your priorities in...
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If you want to be a business owner, you may think that the only way to get there is to start a company from scratch. While you certainly do have that option, you may want to consider buying an existing company instead. The natural downside is that this tends to be...
You and your business partner may not always agree. Sometimes, you could disagree on minor issues, and then one (or both) of you will simply need to compromise. One aspect of a solid partnership agreement is that it should lay out how you make decisions when you and...
If you’re starting a new business in Austin, you have access to a diverse employee pool that entrepreneurs in other parts of the country or even the state don’t have. Hiring a diverse workforce isn’t just about avoiding discrimination suits (although that’s certainly...
Your business partner is someone who should be as invested in your company as you are. You should both complement each other, each having skills that the other may not. When business partners are in agreement on a project or how a business should be run, the ability...
As a businessperson, you may believe that your word is your bond. Unfortunately, not everyone holds themselves to that same standard. Still, Texas state law allows for the enforcement of oral contracts between businesses. If you and another company reached a verbal...
Starting a business is something that requires a lot of investment. Many entrepreneurs maintain outside employment during the early stages of business development. They may not formally create the company for weeks or even months during the planning and development...
There is more to selling a business in Texas than a simple handshake and a nod. Multiple steps are involved, all of which are critical to the success of the acquisition process. There is no doubt that selling a business requires considerable preparation and planning,...
Many factors go into decisions regarding a business. It isn’t enough to just think that your business can afford something. Instead of just guessing that the money is there, you have to take a look at things. Cash management is an important part of running a business....