The transition into a new year is always a good moment to reassess strategies for the last year and build for tomorrow. While savvy entrepreneurs are always on the lookout for new investments, the tumultuousness of the last few years can lead to some anxiety when...
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Business Law
What goes into a successful joint venture?
A joint venture is often appropriate for commercial enterprises of any industry, from developers coordinating on a project to overseas companies partnering with local businesses. Often competitors end up in a position where they must cooperate, which is not always an...
How will inflation impact your business in the coming year?
Each year, the value of the US dollar decreases somewhat due to inflation. The economic force of inflation fuels speculation and prices across sectors. This year inflation is higher than it has been in 30 years, and it may hurt businesses that struggle to adjust. The...
What opportunities will the new infrastructure plan bring?
On November 5th, Congress passed a new law promising investment into infrastructure across the country. At $1.2 trillion, there are many expected benefits and enhancements to come. Today, we will look at the bill and consider how the provisions will benefit businesses...
Is the next generation ready to lead businesses?
As your top-tier personnel ages, it is natural to look to younger people for replacements. However, there is growing concern among business owners that the next generations – specifically Millennials and Generation Z – are not ready for the responsibility. Are younger...
Renewable energy increases may create surprising opportunities
A transition from fossil fuels to more renewable energy is gaining popularity across the world and the United States. However, Texas remains reliant on the oil and gas industry in many ways, so a shift in the country's energy needs may have a dramatic effect here....
Can a restrictive covenant be harmful to business owners?
Restrictive covenants – non-disclosure, non-solicitation and non-competition agreements – are common contractual terms for many employers handling sensitive trade secrets or confidential information. Agreements containing these covenants must walk a fine line to be...
What are the obstacles to moving an overseas company to Texas?
Texas is a business-friendly state, and many US companies find a move to the Lone Star state in their best interests. However, crossing state lines is relatively simple compared to the perceived difficulty of expanding a company to the US from another country. The...
Franchises part 4: The long term outlook
In some ways a franchise is an investment like any other, and while you might find a great deal of success running your franchise, it is a building block. Perhaps it is a cornerstone; perhaps it is a part of your wider portfolio of businesses. You must look to your...
Franchises part 2: How to choose the right franchise
There are two aspects to choosing a franchise to invest in that matter: potential for success and corporate culture. Both factors matter to prospective franchisees, but for vastly different reasons. Working in a franchise, crafting a franchise, you have the potential...