Recently, our firm received what appeared to be a “contract” or “bill” for services for which we had not solicited. The company, called Intellectual Property Services, which is based out of the Czech Republic sent a “contract” demanding payment of $2,356 as a “registration fee” for one of our registered trademarks. The “contract” included information […]
Tag Archives: Business
Ways to Start a Business, Enter into a Business, or Buy a Franchise

Buying an Existing Business Always evaluate the business by reviewing its history and its operations. Learn the business’s marketing strategies, how it generates its sales, acquiring customers, and an understanding of its finances. Some items needed from the existing business: Financial statements Tax returns Copies of leases and deeds Debt and loan repayment schedule Inventory […]
Refining Your Business Plan

Small Business Guide: Refining Your Business Plan. Many people need to modify their business plan to suit their audience for which the plan is written. Below are some examples for intended audiences: Raising Funds from Outside Parties: If your business plan is for bankersinclude: Amount of loan How the funds will be used […]
4 Essential Elements for Management and Organization in Your Business Operational Plan

4 Elements to include in your Business Operational Plan: Management and organization Who is going to manage the business? Include professional and advisory support positions, such as board of directors, attorney, accountant, insurance agent, banker, bookkeeper, mentors, key advisors, etc. How much money will be contributed by each investor What ownership percentage will each investor […]