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As a small business owner, your risk mitigation strategy will consist of 3 pillars; Business Structure, Insurance, and Legal Documents. It’s not pleasant to think about risk, but it’s important to plan ahead in order to protect your future self (and your legacy!) from any problems that may arise.
Read MoreDo you still spring clean your home? I do, and to be honest, I kinda love it. I love it so much that I don't stop there. I also spring clean my office, my 5 year plan, and my business. Yes! You read that right: I spring clean my business. So, you ask, how does someone spring clean their business? Here are four elements of my annual business spring clean that you can try for yourself.
Read MoreNobody 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.
Read MoreIf you think of your website as a member of your team, their role would be fairly extensive. They’d be one of those all-rounder “unicorns” that we see described in many a small business job ad. Marketing, copywriting, design, conversion, sales—the list goes on. And just like a member of your team, your website needs to comply with Australian Business Law. It might sound intimidating, but it’s how we keep our website, our customers, and our business itself, safe.
Read MoreWe know launch creation is hard work, and it’s important to see payoff! The key to keeping your hard-won knowledge and those profits secure include protecting your business with solid Ts and Cs - and makes getting paid much easier!
Read MoreIf you are selling your e-commerce business, there are steps you can take to help maximise the value. The process can be daunting as there is a lot to know in terms of what legal requirements you need to meet! Learn tips on how to set yourself up for the best result when you engage small business consulting advice early on, by talking to your business lawyer and accountant.
Read MoreWhen it comes to emails, your business' tone and structure are vital to building long-term sustainable relationships with clients. In emails, the tone is the attitude you want to present to the recipient. Your email tone can convey many attitudes, such as professionalism, friendliness, or optimism. Being clear in your business values and your brand voice is essential when you are building relationships online.
Read MoreNavigating 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.
Read MoreThe topic of climate change and the implications for business owners has been coming up a lot since the recent federal election here in Australia. In the lead up to the election you may have heard talk about carbon and emissions taxes and wondered how this might affect you and your business. We are diving in here to explain what you need to know, and what may be helpful for you as a small business owner.
Read MoreHaving 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.
Read MoreWhen it comes to running a small business, there is so much business owners need to know and do. From developing and growing the business’ offerings; building and maintaining client relationships; marketing; growing the team, and managing cash flow.
Read MoreWhen 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?
Read MoreOriginally Published in Valiant CEO
Tracey Mylecharane is an entrepreneur in the legal industry, having founded her own business, a virtual law practice, just under 3 years ago. Tracey has been in the law for just over 18 years, & when it comes to what can go wrong in business there is nothing she hasn’t seen.
Read MoreThe success of your business is important and marketing yourself online through your website and social media can be an effective way to help achieve that success. However, marketing yourself online also makes it possible for anyone to copy and use your content.
Read MoreThese days working from home has become more acceptable, and for many employees and business owners, a more appealing option than commuting to the office daily. But is it as easy as just setting up your laptop from your dining room table? Or are there some other things business owners need to consider?
Read MoreYou have heard us say time and time again, in business, prevention is better than cure. There is simply no substitute for preparation when it comes to all things legal documents, and honestly, as far as we’re concerned, DIY is for Bunnings, not for your legals.
Read MoreAs a small business owner (often wearing all the hats and doing all the things), there is so much to know and so much to do. In our experience, legals and numbers tend to fall to towards the bottom of the list. You don’t need us to tell you that it shouldn’t be this way! And it doesn’t have to be.
Read MoreIt is not uncommon for small business owners to find themselves in troubled waters – that is a difficult situation where there is disagreement that causes problems. You may find yourself in a difficult situation with a disgruntled client or your supplier has made a mistake that turns into a loss for you or you are having problems with an employee.
Read MoreIf 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.
Read MoreAs Australian business lawyers, we talk a lot about the value of growing your team when running a business. Small business owners are often wearing all the hats and doing all the things. Growing the team can be a valuable way to move the business forward in a sustainable way.
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