Small business owners need to know how to protect themselves. A contract is not designed for when the two parties agree, but for any potential time when they don’t agree. That is the key!
In this 25 minute video we focus on sales and vendor contracts, but contract best practices in general. What are some of the clauses and what should be paid attention to? The specific clauses that we walk through are;
1. Parties of a contract
2. Description of the product or scope of services
3. Fees and charges
4. Tax responsibility
5. Rejection or acceptance of the product
6. Warranty period and exclusions
7. Payment terms, due date, interest rates
8. Customer promises
9. Vendor promises
10. Limitation of liability
12. Dispute resolution mechanism
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If you have more questions and need more specifics, please contact Rajah Lehal directly!
Hiring is an exciting time for small business owners. It means that you are growing. And if you keep on reaching your targets and exceeding your targets, this is a natural next step in your business.
This video will help you overcome many of the challenges and pitfalls that normally occur through the hiring process, plus it will give you some bonus tips.
Topics covered include;
– fears surrounding hiring
– the total costs of hiring
– the total costs of firing
– top mistakes to avoid
– how & where to post your job posting
– how to screen resumes and top things to look for
– importance of pre screening and how to do it
– interviews and how to identify liars
– reference checks
– why will recruits sign up and stay with an organization
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Differentiating your small business and continuing to improve your business are two key pieces of being better than the rest.
But how do you get this in motion? Where do you start?
In 15 minutes we walk through two key objectives;
1. Ensuring that you are making time to work on your business rather than in it
2. Outlining 5 key ways to differentiate your business and how to do this
If you aren’t online, then you are missing out on business.
Especially with the advances, there are some really easy ways to get started. But there are also some complexities that will creep up depending on how you are planning on setting it up.
Some things that will help you figure out what platform and set up that you need for your ecommerce site are:
1. How many products are you selling?
2. What type of products are you selling?
3. How many places are you shipping from?
4. How many places are you shipping to?
5. How many states, provinces, and countries are you shipping to?
6. How many transaction do you have?
Go through the main points of what you need to consider. See some of the options out there. And learn what to look out for.
Starting your own business takes a lot of work and activity! It is crazy to think you can do everything yourself.
But who do you need and when do you need them? Be prepared to find these people or if you have them keep them for when you need them.
People are the most important resources out there, so make sure that you are managing them well.
Topics that are covered are;
– Who do you need as a technology company? What is the best practices for this type of structure?
– Who do you need as a service business? What are some of the specific challenges that are faced here?
– Who do you need as a manufacturer? How do you ensure that you will continue to grow and not become overwhelmed?
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The Small Business Solver Team
Hiring and managing employees and contractors as a small business owner has many unknown hazards ahead.
In 30 minutes learn about the most common HR mistakes and how to avoid them. What are the steps to take in some of these situations?
Do you know what to do when you are firing someone?
How much vacation time does someone get?
What is the difference between severance and termination pay?
When and how do you make someone an employee?
Do you know how to hire?