Legal pitfalls that can sink your business

Ateneo Professor on Entrepreneurship
 
From Intuit | December 19, 2013

Commercial laws govern our trade, commerce and business.  In US particularly, intellectual property, copyright laws rather than property rights are stricter as provided for in the constitution of US.  Thus businesses must be wary, must be careful when it comes into law, regulations and its violation.  Litigation costs money and damages can be punitive.

The four areas that businessmen should be concerned:

1.  Intellectual property rights,

2.  Equitable enforcement of HR/labor policies

3.  Use of creative assets

4.  Handling disputes on your own

Inexpensive ways of marketing your products

Ateneo Professor on Entrepreneurship

Repost from Repost from Intuit/Marketing Tips | May 16, 2013

Aside from Tweeter, FB and other social media what are the ways by which you can market your products?

l.  Be a public speaker for free

2.  Networking

3.  Cold calls, (by phone - telemarketing)

4.  Rewards for customers as 12 + l deal, week-end week-end discounts

Words to avoid saying to your employees

Ateneo Professor on Entrepreneurship

In order to motivate your staff further,  you have to empathize with them and not to hurt their feelings.

This intuit blog lists down the phrase to avoid:

l.  We have always done it that way;

2.  We know how you feel;

3.  You need to be team player

Other phrases to avoid when talking to employees. 

Cash and Credit Management: Speeding up Collection

ProfJorge Entrep

Loans to beef up operations and cash flow are sometimes unnecessary;  sometimes all that is needed is better collection and strategies to facilitate the process.

Here is a link for 5 strategies for Speeding Up Tardy Customers.  Please read and maybe see how your cash position improve.

5 Strategies to Aid you Increase Collection