In this blog, I’m delving into significant changes in business contract rules that took effect on 9 November 2023. As small business owners, you need to know what’s changed, and I will break down the key points below.
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If you've been following along, you've likely heard me emphasise the key reasons why your business needs properly tailored legal documents. In this blog post we’re going to delve into this from a different angle and explore how your legal documents can be your secret weapon in converting prospects into lifelong clients.
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In this blog post, we'll dive into a question that’s been coming up a lot lately with my clients - how to decide where to invest in your business? I'm not talking about external investing like shares and trading; instead, we're focusing on those business decisions that are an investment in themselves.
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In a world where the pursuit of affordability and instant gratification often prevails, it is crucial for business owners to pause and reflect on the true value of their investments. In this blog post, we will explore the concept of buying cheap in business and the potential long-term costs that this can have, particularly in the context of legal services.
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The 3 Cs are a non-negotiable aspect of running a successful business. It plays a crucial role in both client interactions and overall business operations. As someone with a litigation and dispute background, I have witnessed countless situations where disputes and misunderstandings could have been avoided with clear communication.
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I’ve noticed a common misconception that the Australian Consumer Law (the ACL) only applies to larger, product-based businesses - like Harvey Norman. This couldn’t be further from the truth. The ACL applies to all businesses that sell products or services to consumers. Different rules will apply to different businesses, depending on what the business does.
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Owners of e-commerce businesses need to be clear on their obligations under the Australian Consumer Law (ACL). We’re empowered, future-thinking business owners now, and we don’t rely on templates. What do I have to do if a client wants a refund? This is one of the most common questions I am asked by e-commerce business owners. So let’s get clear on what the ACL says about a business’ obligations when this happens.
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Nobody wants their business plans or ideas stolen. But sometimes you need to disclose information to other parties in order to keep things moving forward. Luckily, Australian business law has your back here! You can use an NDA to prevent people from sharing or using information that could cost your business in the long-term.
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Navigating through challenging times takes time and energy and will likely cause stress. Knowing that you don’t have to go it alone is essential. Having a relationship with your small business lawyer means you can reach out and your lawyer knows you, knows your business, and will be able to dive in and understand the issue quickly, so they can provide you with advice that is designed to help you resolve any issues without incurring unnecessary costly fees.
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Having the right business structure is important for the operation of your business; for the future growth and direction of your business; for asset protection, and for tax reasons (we don’t talk tax though, so that’s one for you to raise with your accountant!). It’s important for small business owners to understand their options when it comes to business structures and to know what can happen in practical terms when they don't have the right business structure for their business.
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When it comes to what small business owners can do to protect their businesses? What do small business owners need to know, and need to do, to get their ducks in a row and protect the business they’re building?
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If you have decided that it is time to start that business you’ve been thinking about - congratulations! This may be one of the best things you ever do—if you do it properly.
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When small business owners think about up-leveling in business or reaching the next stage of growth, more often than not business and mindset coaches come to mind.
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Here at TM Solicitor we are Australian business lawyers who focus on providing small business legal expertise to our clients because we love it; we’re good at it, and it’s our passion.
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As a small business owner, there is so much to do. You wear all the hats; do all the things, and if you’re not careful you can end up on the hamster wheel going around and around, and around (you get the drift).
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I didn’t have aspirations when I was young to become a small business lawyer. I wanted to become a criminal defence lawyer and save the world one client at a time. Fast forward to now, I’ve practiced in various areas of law, including criminal defence, and I have spent time teaching law, too.
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Are you hooked on podcasts?
Podcasts can be such a valuable and easy way to learn from business professionals in a range of areas that are helpful and relevant to small business owners. We have put together the following list of podcasts that we find to be packed with value for small business owners.
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“How much does a lawyer cost” is something that gets asked a lot. Any rightly so. As business owners, we all need to plan expenses, and we need to know that our spending fits within our budget.
But how do you get an accurate gauge on what the real cost of an Australian business lawyer really is?
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Clever use of technology in a small business can be the difference between running a smooth operation (like a well-oiled machine!) or a fly-by-the-seat-of-your-pants and hope for the best style of business. Take a look at some of the most common tech tools that I see used amongst my colleagues and clients (and several that I use myself). This technology can help by streamlining, systemising, automating, and securing data.
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The reality is that there is so much to do when starting your new business. There is so much to know, and let’s be honest, there’s so much we don’t know! Here are my tips for what to focus on when starting your new business and how to keep business costs down early on.
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