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Entrepreneurs generally seek ways to optimize resources and improve growth potential when entering a competitive and fast-paced business environment. One effective strategy involves forming business partnerships. While entrepreneurship often involves going solo, many...
The thrill of launching a business comes hand-in-hand with a whirlwind of decisions. One of the most crucial choices that many aspiring business owners face concerns any commercial space that they may need in order to operate. Many entrepreneurs have to decide whether...
Businesses entering into commercial tenancies often devote a lot of effort to contract negotiations. A lease is a long-term commitment that imposes multiple years of financial obligations on a company in most cases. Those entering into a commercial lease typically...
A franchise can be an excellent entrepreneurial opportunity. Buying into a company that already has a workable business model is much easier than starting from scratch. Franchisees benefit from an established brand and company infrastructure. In many cases, there may...
A franchise is a business model wherein an entrepreneur purchases the rights to operate a business from a well-established company. This symbiotic relationship allows the franchisee to benefit from an established brand, proven business model and ongoing support....
Corporations, limited liability companies (LLCs) and certain other businesses have opaque business structures. Those not involved in the management of the company may not be able to identify those with an interest in the organization at first glance. LLCs,...
When choosing a business partner, you don’t want to make a mistake. Choosing the wrong person could hold your business back for years to come. In fact, many businesses that fail simply don’t make it because the business partners who run their operations aren’t able to...
Taking on a business partner will significantly reduce the risk involved in your new business venture. Your partner can help cover the costs of starting a new business and can bring their connections and experience to your organization. Instead of needing to handle...
Negotiating an effective business contract can be a complicated experience. Contracts are designed to both clarify everyone’s rights and obligations, but they’re also tools that can create a rapport, minimize conflicts and resolve disputes. With that in mind, taking a...
Whether you are an executive at a long-established business or an entrepreneur running the first business of its kind in Michigan, contracts play a massive role in how your company operates. You sign contracts with your customers and clients so that they know what to...