Legal troubles can completely eradicate a business’s success. Keeping up with legal fees as well as bad press from the media can debilitate a company’s standing in the public eye. With the rise of cancel culture through social media, it has become more important than ever before to keep your business out of trouble.
Hire Legal Counsel
One safeguard you can implement to ensure you are not breaking the law is by hiring legal counsel. Business attorneys can help you analyze business practices and inform you when a law-abiding procedure is being kept or not. This can keep you out of hot water with the authorities.
Lawyers can help you frame your company’s rules in a stricter fashion, preventing employees from breaking safety regulations. Company lawyers can also help you with your taxes—navigating you through business tax codes and getting you the best tax cut available to you. While you could hire a lawyer full-time, it is often smarter to hire them on a contract basis.
Understand Business Law
If you don’t have the money in your budget to fund frequent legal counsel, you may have to take matters into your own hands. Fortunately because of the Internet, there are many websites that provide valuable legal information. You can learn about different forms of law and figure out where the blind spots of your business are.
There are also magazines and educational dissertations that can clarify and improve your understanding of business law. You can better understand why the laws exist, and make well-educated decisions accordingly. Additional education of the law can only help you as you delve into small business ownership.
Train Employees Frequently
You should not be the only one who is getting educated in laws applicable to your business. As the company owner or manager, you have responsibility over your employees to make sure they follow legal procedures. If they do not, your company could be under fire by social media pundits.
Hold regularly scheduled training. Make sure new employees are informed about safety and health procedures so they can keep themselves out of legal trouble. If one of your workers refuses to comply, you will probably have to let them go. This shows other people how important you take rules and regulations.
By implementing these practices into your business, you are creating a more secure legal environment for yourself, your company, and your employees. Respect the law, and make rule-following a practical part of your company’s environment.
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An employer's top responsibility is to create a workplace that is as safe as possible. This article examines what companies should do to minimize the chances of a workplace accident.
Companies that don't make employee safety a top priority may have a hard time attracting or keeping quality employees. They may also struggle to find customers who are willing to put up with their inability to take safety seriously. Let's take a look at what companies should know about minimizing the chances of a workplace accident.
Create a Culture of Safety
It is critical that everyone within your organization understands the importance ofminimizing accidents in the workplace. Everyone from the owner to the person who takes out the trash should look for hazards and try to mitigate them. Ideally, management will make themselves available to employees who want to offer suggestions or report hazards. Managers and ownership should also make sure that they take accident reports seriously and that they don't retaliate against those who report an accident. While employers are not required to hold an injured worker's job while he or she recovers, it can be a good idea to do so as it shows loyalty to a quality employee.
Who Makes the Rules?
The Occupational Safety and Health Administration (OSHA) is one of the key federal workplace safety enforcement groups. Many businesses focus heavily on being OSHA compliant and failing to do so could result in heavy fines and other penalties. In some cases, companies could be forced to close until they have fixed any issues that OSHA inspectors find. States may have their own version of this agency, and these state agencies typically enforce rules that are similar to those set at the federal level.
Learn From Your Mistakes
Employers are encouraged tolearn from their mistakes as doing so can minimize the chances of an accident happening again in the future. For instance, if an employee slips on a wet floor, it may be a good idea to purchase shoes with specialized soles. It may also be a good idea to review policies related to machine guarding or any other relevant policy after an accident occurs. Ideally, your company will opt to improve those policies or offer employees more training to help them understand their responsibilities in a given situation.
An employer's top responsibility is to create a workplace that is as safe as possible. Even if OSHA or other regulatory agencies didn't exist, there are many benefits to creating a safe workplace. A key benefit is a happy workforce that is loyal to its employer and more productive overall.
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Equality in the workplace benefits everyone, and employers should take the time to learn more ways that they can create a more just workplace.
Creating a just workplace should be a top priority of all business owners. Fair workplaces are one of the cornerstones of strong businesses, and civil rights movements have affected workplaces in many ways, providing better opportunities and better workplaces for everyone. Several civil rights movements have made substantial changes possible, and here's a brief rundown of three of the biggest ones.
Mental Health Awareness and Support
The Americans With Disabilities Act requires that employers provide equality for people with disabilities in the workplace. This includes people with psychiatric conditions. Under this law, employers can't deny hiring, demote, or deny training opportunities to someone based on their psychiatric condition.
Employers have also come up with programs to ensure employees with mental health conditions have access to the care that they need, including doctor's visits through insurance providers and accommodations for people with psychiatric conditions.
Equality in the workplace covers many groups. Under Title VI of the Civil Rights Act of 1964, employers aren't allowed to discriminate based on race, color, national origin, sex, and religion. With this law, employers must give equal opportunity for employment, and they can't discriminate against someone based on these criteria for pay and advancement. This civil rights attorney explains that many states have several additional civil rights statutes which can be utilized in cases involving discrimination, harassment or violence and which allow for penalties, attorneys’ fees, compensation, and change.
The Age Discrimination in Employment Act of 1967 requires employers to not discriminate against people based on age. This means that people cannot be discriminated during hiring, promotion, discharge, compensation, or terms. Creating a workforce of diverse ages also provides more stability for companies.
This career and job specialist explains that people of different ages have varying perspectives that they can use to inform each other. For instance, a 65-year-old woman might understand the utility of a particular product, but a 25-year-old worker might understand a younger consumer better. Businesses that have a wider range of ages also don't need to worry as much that all of their employees will retire within a few years of each other or all younger employees will be vying for a limited number of promotions.
Equality in the workplace benefits everyone, and employers should take the time to learn more ways that they can create a more just workplace. Businesses that merely work to be in compliance with the law rather than truly promoting an equitable work environment are losing out on opportunities to create a stronger business.
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Entrepreneurship is alive and well, even if the face of small business is evolving with the times. Autonomy in management and making dreams a reality are the reasons most cited by entrepreneurs looking to open a small business. This action plan can help you get you on your way to launching a successful start-up.
Be Your Own Boss
7 tips to help you launch a successful business
(Family Features) Entrepreneurship is alive and well, even if the face of small business is evolving with the times. Autonomy in management and making dreams a reality are the reasons most cited by entrepreneurs looking to open a small business.
However, how Americans are choosing to open small businesses is where there may be a shift.
“Consumer habits are changing,” Pittaway said. “That’s forcing Americans to consider how they open small businesses, whether it’s focusing more on e-commerce than actual store fronts or focusing on selling to a local community or region instead of a broader national audience.”
Starting Your Own Start-Up
“We understand the challenges of small business owners and offer products and services designed specifically to help and support small businesses,” said Tim Davis, president of The UPS Store, Inc. “Small business owners are unparalleled in their passion for their businesses, and understanding that aspiration is critical to running a successful small business.”
This action plan from the experts at The UPS Store can help you get you on your way to launching a successful start-up:
1. Analyze your target audience.
2. Determine a legal structure.
3. Establish your premises.
4. Determine your budget and expenses.
5. Develop a business plan.
6. Set up a marketing plan.
7. Be competitive.
With a carefully structured action plan, you can turn your start-up idea into a successful business. Find more tips for your small business at TheUPSStore.com.
Pitch your small business like a Pro
When you’re launching a small business, there could be any number of reasons you may need to pitch your idea. You may be courting an investor, recruiting talent or even starting to market your product or service. Brevity is often essential, so learn how to concisely pitch your business like a pro with these tips:
Draw out the essentials. Reduce your pitch to a few digestible bites. Make sure you have an intro that is brief enough to get someone’s undivided attention then elaborate on your points, such as your top competitive advantages, and provide more detail about your business as a whole.
Come to entertain. Add an entertainment factor to make your pitch engaging and memorable. Of course, you need substance to go along with style, but keeping your audience focused and doing something to stand out is essential.
Anticipate questions. Prepare yourself to reassure concerned investors and flesh out subjects you may have kept brief for your presentation. Make sure to practice your answers so you sound confident. Grabbing attention is important, but you need to be able to back up your spiel.
Know your audience. This is the cardinal rule of communication. Make sure you do your homework and know who you are addressing. This shows you value your listener’s time and feedback. Furthermore, insight about his or her philosophy in doing business can be extremely valuable during a pitch.
Practice until it hurts. Take the time to practice your entire pitch, including answers to likely questions, until you know it inside and out. The more comfortable you are, the more likely you are to win someone over in a meeting.
Have the materials to back it up. A written document is your chance to leave a lasting impression and elaborate on your major selling points. It’s also a chance to show your professionalism, so be sure to proofread carefully and package the information for a polished presentation.
Find more resources to help get your small business off the ground at theupsstore.com/smallbiz.
Photos courtesy of Getty ImagesSOURCE:
The UPS Store
Like any idea, the great ones come when you formulate a plan and turn that idea into action. Starting your own business can be stressful and demanding, but also both personally and professionally fulfilling. Getting a business up and running takes planning, smart financial decision-making and backing, and stacks of paperwork, but these tips can help guide you through the development stage and help you ready your idea for unveiling.
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