Four Things You May Have Missed In Running Your Business

Last week, we talked about five things you are doing right in your business. Today, we point out four things business owners and entrepreneurs sometimes miss:

1. You are missing your ounce of prevention. Form contracts specific to your business can address many problems in advance. Borrowing one from someone else may be worse than not having one. This goes for privacy policies and website terms and conditions as well.

2. You don’t have a commercial insurance broker. Insurance is a cheap way to protect your business. Your home and auto agent may not be the right person to help you fully protect your business. Make sure you ask about umbrella coverage.

3. You didn’t clear the new product name with trademark counsel.

4. You didn’t realize there is a huge body of law governing the difference between contractors and employees. You, the business owner, don’t just get to decide whether or not you want to hire someone as a contractor because you don’t want to withhold taxes or pay benefits.

If you have questions about any of these topics, don’t hesitate to email Donna.