To copy or not to copy? An entrepreneur’s dilemma

To copy or not to copy? An entrepreneur’s dilemma

When you’re starting your business there are so many things to do and so much to learn. It can be tempting to look for shortcuts; to think “This will do for now, I’ll fix it later when I’m earning more.” I have people regularly ask me “Is it okay to copy someone...
How a contract is like a jigsaw puzzle

How a contract is like a jigsaw puzzle

(Photo credit: rawdonfox via photopin cc) I’ve always thought that drafting a contract is like doing a jigsaw puzzle; you know how you want the end picture to look, there are lots of tiny pieces that need to come together in the right sequence and there will always be...
5 essential ingredients for a contract

5 essential ingredients for a contract

At some stage in every business a contract will need to be entered into. I thought it would be worthwhile to get back to basics and explain what a contract is and what it is made up of.   What is a contract? A contract is an agreement between two or more people. It...
5 tips to save money on your legal fees

5 tips to save money on your legal fees

When I talk to business owners I often hear that they are avoiding going to see a lawyer because of the cost. While I agree that lawyers can be expensive (remember I was one for a number of years), there are ways to lessen the cost. At some stage you are going to need...
So you want to form a partnership?

So you want to form a partnership?

Previously, I’ve written that being a sole trader was like living in a little studio apartment; there is no separation between you and your business. Today when I talk about partnerships I want you to imagine that the kind of building you are living in with your...
Which legal structure is right for your business?

Which legal structure is right for your business?

There are 3 main types of legal structures that a business could operate within. Think of these structures as the building within which your business will live (speaking of structures, todays photo is of one of my favourite structures – the Brooklyn Bridge). The 3...

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