Entrepreneurs across Texas know that in today’s competitive and fluid marketplace, it takes more than just a good idea to stand out in the crowd. Growing a business involves making strategic and deliberate decisions that include reassessing and revising business plans. Because industry moves fast, plans can become outdated quickly. For a business plan to be truly valuable, it needs to mature and remain relevant to your company’s needs.
Six reasons to update a business plan
Some mediation strategies for business disputes
If you’re a business owner, you already know. If you’re starting your first business now, you’ll soon find out. About 36% to 53% of small businesses get involved in litigation at some point in any given year. Most business litigation never gets to a courtroom, so mediation is likely to become familiar.
How to avoid business disputes
For those who’ve dreamed of opening their own business for years, when they finally start down the path to running their own shop, they realize how many details are involved before a business’ doors open. An entrepreneur needs to choose a business location, formally register the business, hire employees and launch a marketing campaign.
