Business partners have to manage a long-term working relationship with one another. Interpersonal dynamics can affect the overall success and stability of the company that they started together. Partners embroiled in a disagreement can create a very unpleasant work...
A business partnership could potentially last until both parties retire or their company eventually fails. Other times, the partnership ends when everybody who invested in the company initially agrees to sell it to an outside party. The ends of business partnerships...
Shareholders play a key role in publicly-traded organizations. They provide financial resources that can help a company establish operations or allow it to expand. They also influence the culture and direction of the company by voting at shareholder meetings to...
As a business owner, there are a few things you should know about state taxes. There are different kinds of state taxes that you may need to pay, and you could be responsible for several depending on the services your business provides. The six main kinds of state...
Shareholders fulfill a crucial role in a modern corporation. They invest money in the company and therefore expect to receive compensation for that investment when the business does well. Shareholders can influence company decisions and even force executive...
Every business needs a strong business plan. Having a good plan in place when you start can minimize the risk of your business failing and can keep you on track as your goals change. Simply writing down what you want to do in the future is an excellent way to maintain...
The person or people with whom you go into business will have a major impact on your success and on how your business grows and changes over the years. Finding a business partner of even several partners with similar values and goals can help you turn an incredible...
A productive relationship between a franchisor and franchisee is crucial. Such a successful working relationship is based on a number of things, including vision, innovation, communication and expectation. Franchisors brings the ideas to the market with the...
Starting a new company is full of challenges, especially if you are sharing the business with a partner. You have to find a way to maintain the relationship while keeping the company afloat in the current economy.Luckily, there are ways to keep tension away from your...
Only 30% of family owned franchises will survive after the owner retires. Furthermore, it is estimated that only 10% of franchisees have succession plans in place. Do you have a plan in place for your children to take the reins once you retire?What is succession...