Botox treatment from a medical practice such as botox are great for removing crow’s feet and other lines on the face that make you look older or as if you are frowning when you’re not. The latter is important if you are working in sales or have to deal with the public in any way. Frowning denotes disapproval or may warn people you are having a bad day and to be careful around you. Many people tend to be put off or even afraid when the person they are dealing with seems to be constantly frowning.
When starting a business, there are numerous ethical and legal issues that must be considered by a business owner. Taking legal and ethical issues into account in the beginning of your business doesn’t only ensure your quick progress but it also provides your business with long-term benefits.
But in this fast paced world of today, startup companies concentrate more on their clientele instead of making policies for their company. This has been one of the main flaws, which has greatly affected the performance and progress of new-born businesses. There are, however, some other legal issues as well that businesses must try to avoid. These are:
Branding your business through a trademark is one of the most common business techniques, yet one with proven effectiveness. Every company or business in Australia has its trademark, serving as the differentiating factor between brands. This is the identity of your brand and encompasses all aspects of your business. This branding strategy ensures your brand’s and business’ protection. Therefore, you must take certain trademark issues into account before finalizing one for your company.
According to Dr. Linus Pauling, the famous American chemist,
‘The best way to have a good idea is to have a lot of ideas’.
So, do not linger on just one idea. Look for more ideas and you will be flooded with hundreds of them. Ponder over the pros and cons of each, then choose the best.
A business startup is actually incomplete without the decision of its structure. The structure of a business has a lot to say about its legal position and size of the organization and number of members (with every option having its own set of details). It is highly important to keep in consideration all the pros and cons associated with the options so the decision could be made keeping in view all the necessary aspects. The amount of formalities, taxation and liabilities all depend on the type of business structure that is selected.
The nature of business and its future goals also play an important role in selection of business structure. There are three main types of business structures widely followed.
The one man show – Sole proprietorship is said to be the simplest business structure. It is also one of the most common forms of business as it is easy to form and dissolve; also the proceedings are rather simple and not much regulations to follow. Not only it is simple to form, it also seldom gets complicated if run smoothly. But the sole proprietor is responsible and personally liable for any loss, as he/she benefits from all the profits.
Prevention is better than Cure. Therefore, if you would like to avoid the need to hire a law firm, be wise and learn in time the common legal issues faced by tech start-ups to avoid all upcoming legal problems.
For tech start-ups, there is already so much going on in the early stages of their business that they become oblivious to some really important legal issues. These issues can become soul crushing mistakes and pose serious threats to your business, resulting in its failure.
However, it’s not that these issues are impossible or complex to handle. But because these are overlooked while dealing with other affairs of your start-up company, you ultimately forget them and later face unbearable consequences.
Businesses keep a certain amount of funding for bad debts or contingencies. However, too much of everything hurts, especially bad debts. Bad debt collection is a problem for small businesses that need majority of their time focusing on the core functions instead of running after the debtors, while debtors prolong the time with brush off emails and calls going straight to voice mails. Debt collection becomes a difficult task for small businesses that have limited time and resources for growth and stability.
There are customers or clients that are not habitually debt defaulters but fail to comply with the agreed dates for genuine reasons. While some customers/clients either go by not paying off at all or paying in small chunks causing trouble (with delayed payments)- in both the cases, your business needs to pool in efforts for debt collection which is both time consuming and frustrating.