To Start A Small Business You Need To Hire A Business Attorney

Starting a small business of your own can be a real challenge as much as it is a satisfaction. On the one hand, any business, however small, demands time and hard work on your part as its proprietor. On the other hand, running such a business will give you the satisfaction that derives from knowing that you have what it takes to be an entrepreneur in your own right. As it is, a business enterprise can give you the financial freedom that is otherwise impossible to gain if you are just an ordinary employee or professional. One’s own business is therefore considered as an indicator of achievement, and even prestige.

Before starting your business enterprise, however, you should make sure that you understand all matters related to it. It is a fact that some investors who have the capital to initiate a start-up business gets confused over many things such as the pertinent laws and legal requirements that must be met before starting to operate the business itself.

It is one of the most important factors to consider hiring a business attorney, then, in starting a small business. First and foremost, a business attorney can assist you in dealing with complex legal requirements in operating your small business. They are also in the best position to offer sound advice that relates to legal matters attendant to the operation of your business.

In choosing your business attorney, you should consider the following points: retainer cost, references and recommendations, as well as personality. Hiring an attorney should not cost you a substantial amount of money. In the first place, you are just starting off as a small business owner and theoretically speaking, you still don’t have enough cash revenues to put on paying an expensive lawyer. References and recommendations, on the other hand, will serve you well in looking for a good business attorney.

If you personally know of other entrepreneurs in the area, you might as well ask them about the attorney whom they have worked with before. If they have had a successful working relationship with a particular lawyer, there is a good chance that they will recommend such a lawyer to you, giving you the peace of mind that comes from knowing that you have a professional lawyer to take care of your business’ legal matters. Finally, you should also take note of the lawyer’s personality. It is a given, of course, that you would naturally want an attorney that you are comfortable working working with.

Tha factors as outlined above are just some of the reasons why a small business enterprise needs the services of a business attorney. It would do well for any small business to have an attorney deal with the legal aspects of operation, especially so at the outset when the business is just about to be established.

Surviving Your Business’s Slow Season

No matter what type of business you own, there is always a slow season. It is that time of year when customers are few and far between, or when clients head for vacation locales. Ever since the dawn of commerce over 3,000 years ago, there has been a business cycle. Anyone who uses time clocks knows that some months are busy and some are slack. That is a fact of living and working in a developed economy. The question is how to survive the slow times, and how to do so profitably.

For hundreds of years, small business owners spent the off-season doing necessary tasks like equipment maintenance, inventory culling, and accounting. For some business owners who are lucky enough to have a nine- or ten-month busy season, the remaining slow weeks are barely enough to take care of “housekeeping” chores like tax planning, inventory taking, and asset repair. If you are a small entrepreneur with a small staff, think about how to best utilize your employees’ time during the off-season.

One of the most common slow season business strategies involves developing a second, though related, line of work. For example, many landscaping companies use the cold months to build up a snow-removal clientele, or to locate clients who regularly need help with complicated holiday decorations. Wisely approached, a second line of business will keep your time clocks clicking and clacking throughout the so-called slow season, whatever your line of endeavor.

Nearly every business owner has cash flow ups and downs. If this is the case in your field, then make sure to cut spending in times of slow business. During the months when there is little revenue, you should not have to spend as much on day-to-day operations. Some companies must purchase inventory during the off-season, but that should be an item for which you have budgeted. Off-season chores should also include planning and perhaps budgeting if there is no other time to do so.

Smart business owners take advantage of the extra time to plan, budget, and look ahead to next year’s challenges. In the heat of the busy times, there are no spare hours to take care of these necessary tasks. During the slow weeks, you might want to do a thorough review of your time clocks and other related software, noting whether you need to update the systems.

The slow time may mean less revenue but it doesn’t mean there is nothing to do. Take advantage of the lull to get those much-needed housekeeping items done and to prepare for your busy season, whenever it is.

How Building a Campfire Is Like Building a Business

1. Collect needed materials

One begins building a campfire by gathering all the items one needs:

• A lighting mechanism (like a lighter, matches, or a fire steel)
• Tinder (like dry grass, wood shavings, or other easily lit material)
• Kindling (twigs and sticks)
• Logs

When starting a business, one needs the following:

• The initial idea
• Energy
• Funding
• Staff
• Time

2. Begin setting up

What one does next to build a fire includes:

• Making a shallow hole
• Place stones around the edge
• Put up a fire wall to direct the heat

While starting a business the next steps are to:

• Dig deeper into the idea and the associated market
• Decide what must be done to increase the likelihood of the business launching and prospering
• Fine tune the idea into a more complete form (like a business plan)

3. Light the fire

At last:

• Place a spread-out pile of kindling in the hole
• Add tinder to the kindling and light it
• Keep adding kindling and strategically fan the flame to widen it and increase heat
• Introduce logs systematically being sure to maintain flow of air and temperature

The final steps to starting the business are:

• Get needed tools and staff, generate marketing campaigns, support systems, etc.
• Start business operations by advertising and spreading the word about your business to gain customers
• Collect leads and act on them to sell whatever product or service one is offering
• Keep adding customers, allies, financial reserves, and other assets to maintain the business as time goes on

There are other ways a campfire and a business can be compared. A campfire may make all the difference in one’s survival when outside and exposed in low temperatures. Similarly, for many business owners the business is their means to a salary and lifestyle, as well as a chance to produce something which could even outlast them if great success is found.

Moreover, like a campfire, the business can help many people by making available jobs, supporting the surrounding neighborhoods or worthwhile charities, providing a need or wanted product or service, and sometimes enriching the owners and investors. But if the business uses its influence in dubious ways, it can be harmful like an out-of-control fire: destroying the environment, shutting down other local businesses via competition, or decimating the wealth of its investors by being irresponsible with their money.

There are also several ways to configure the sticks or logs in the fire including the tepee, log cabin, pyramid, and star arrangements. Likewise, there are many ways one can set up a business. The business could be a sole proprietorship, a partnership, a corporation, or any of several other available business structures. Adding to the complexity, inside configuration of the positions and interactions between the people and sections of the business can be very different from one business to the next.