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Most Recent Questions

Question added to topic Social MediaNovember 8, 2010

How can I find a sponsor for my social networking site?

The best thing you can do is generate traffic -- specifically traffic that increases month after month. The next thing you can do is focus on getting targeted traffic, that is, making sure that... (more)
Question added to topic Legal Basics For StartupsNovember 5, 2010

Is it legal for my company put me on retainer indefinitely?

In many states, the general rule is that employees are hired "at will," which means that the company can let them go at any time and the employee can choose to go at any time. With... (more)
Question added to topic Legal Basics For StartupsNovember 5, 2010

Does a business partnership have to be legally formalized?

Generally, filing business certificates with your county clerk (or secretary of state) does not absolutely require a lawyer's help. If it did, all of the online business filing companies you see... (more)
Question added to topic FranchisesNovember 5, 2010

What do I need to know before I buy a franchise?

This is one of those questions that's quick to ask but involves a long, multi-part answer if you want the full scoop. I'll try to give you the quick and dirty answer. What you want to see in... (more)
Question added to topic FranchisesNovember 5, 2010

Should I worry that the franchise I'm interested in is closing some locations?

This shouldn't cause you any more worry than if you were sailing on the Titanic's maiden voyage. Okay -- seriously, this is very troublesome indeed. This franchise system has lost about 13... (more)
Question added to topic MarketingNovember 5, 2010

How can I network with like-minded entrepreneurs?

Networking is all about relationships. Networking with like minded-entrepreneurs (whether face to face or online) begins with understanding the VCP Process. Any successful relationship, whether... (more)
Question added to topic Grow Your BusinessNovember 4, 2010

What's the fastest way to build useful contacts from scratch?

First, how many old contacts do you already know that can help you in your venture? It's always easier to go back and rebuild old contacts then it is to build new relationships. However, if you... (more)
Question added to topic Legal Basics For StartupsNovember 4, 2010

As a landlord, can I terminate a commercial lease due to an unfit lessee?

As a landlord, you have the right to carve out certain pre-conditions to leasing your premises—such as a clean criminal background check or a credit check. If you did not carve out these... (more)
Question added to topic MoneyNovember 3, 2010

Is there a tax advantage to forming an S-corp?

I like that you're thinking outside the box when it comes to how your income is taxed. This is an incredibly convoluted topic, and the potential benefits of forming an S corporation in this manner... (more)
Question added to topic MoneyOctober 27, 2010

When's the best time to seek additional financing for my startup?

Congratulations on achieving two key business milestones: developing a patented product and generating revenue. Many startups never even make it that far. The timing of when a startup should... (more)
Question added to topic Human ResourcesOctober 26, 2010

How do I determine appropriate deadlines for my employees?

Do you remember Detective Columbo? He would scratch his head and say "I am confused, can you explain this to me?" Well, it seems to me that you need to use the Columbo technique.... (more)
Question added to topic FranchisesOctober 25, 2010

How can I turn my business into a franchise?

My first suggestion is that you need to walk before you can run. This sounds like a great idea in theory but you need to put the theory to test to make sure it works in the real world. It... (more)
Question added to topic FranchisesOctober 25, 2010

Do I need an attorney to purchase a franchise?

There is no hard and fast rule about needing an attorney in order to buy a franchise. There are three common sense questions you need to answer in order to determine if you need an attorney: 1.... (more)
Question added to topic Human ResourcesOctober 25, 2010

How do I hire a seasonal employee now for a job that doesn't start for two months?

You can certainly ask for them to sign an agreement to be available and dedicated to working exclusively for you for tax season, but whether they will abide by the agreement or not is another... (more)
Question added to topic Human ResourcesOctober 25, 2010

Can my HR manager discuss my medical condition with other staff?

It's illegal. The only exception to this would be if your HR manager discusses a medical situation that will affect your ability to do your job and the HR manager is explaining to your manager only... (more)
Question added to topic Building a WebsiteOctober 25, 2010

How can I find someone to help build my website?

Congrats on recognizing that you don't have the expertise to do what you'd like to do. So many people figure that out after it's too late. The best thing to do is to make a complete... (more)
Question added to topic FranchisesOctober 22, 2010

What's the best way to recognize a good business opportunity?

Where is the market research that says you really need a restaurant in that area? Where will you get the financing to do the repairs? How much time will the landlord give you to get the repairs... (more)
Question added to topic Legal Basics For StartupsOctober 21, 2010

How do I ensure payment on a job that's already completed?

Excuses, excuses. Your client is exhibiting all the classic signs of being a deadbeat: having no complaints about the job, but using all possible stalling tactics. Unfortunately, it seems... (more)
Question added to topic MarketingOctober 20, 2010

What should be included in a presentation to the board of directors?

When looking at a board presentation you should consider a couple of things before even starting your outline. You can find a whole bunch of sample scenarios online of outlines for meetings and can... (more)
Question added to topic Human ResourcesOctober 19, 2010

How can I tactfully tell my 80-year-old boss that it might be time for him to retire?

Based on the situation you are describing I'm assuming that your boss owns the company and that this is a privately held company with only a minimal number of employees. If I am correct, you are... (more)
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