Whenever you are served with lawsuit papers, even if it’s in a faraway place, you should never just close your eyes and hope it will go away. It won’t.
When it comes to commission, beware of vague language in consulting contracts. Whenever a company says they will pay something “in their sole discretion,” it means “I will pay it when I can, and then only if I feel like it.”
Generally, there are two parts to a consulting agreement: the “statement of work” (SOW for short) and the actual legal contract.
Industry research firm IBISWorld (www.ibisworld.com) has identified the following six franchise industries with promising outlooks, based on revenue growth, growth in the number of franchise establishments and the dispersion of those establishments on a national scale:
Today, having worked as a farmer, a minibus driver and a DJ, Hawthorne is the president and CEO of Golden Krust Caribbean Bakery & Grill, an independent family-owned business that is the largest Caribbean business in the United States.
Sadly, the securities laws don’t make it easy for small startups to raise capital from lots of “little” investors. So how do you structure a startup when you’ve got lots of people involved, some putting in money, others putting in “sweat equity” and still others providing both; when you’re looking to raise only a small amount of money (less than $250,000) to launch the business; or when you can’t afford the services of a qualified securities attorney?
When people think of the securities laws, they think of big companies
that are “going public” through an initial public offering. But even
startups have to worry about securities law compliance.
Here is my Top 12 list of
the dumbest entrepreneurial moves. All are easily avoidable with a little common sense and street smarts.