It isn’t always easy to tell if one of your employees is stealing from the company, but sometimes you may just get a hunch. Before you start accusing anyone of this pretty serious crime, you need to look at a few tell-tale activities that will increase the chances of your suspicions being right. This article [...]
The importance of obtaining federal trademark protection for your small business cannot be overstated. To illustrate the importance of trademarks, one has to look no further than the true story of a Virginia-based vegetable farmer named Robert Muller-Moore. “Eat More Kale” For more than a decade, Mr. Moore has been selling T-shirts and other items [...]
Simply put, a joint venture is two or more businesses working together by pooling resources and expertise to achieve a particular business goal. There are many reasons why businesses form joint ventures but often it is to gain access to resources, new markets, expertise and/or production capacity. Joint ventures might be a way to grow [...]
Business owners and manufacturers are responsible for the products they release into the market. They are responsible for any injuries, health problems, and damages caused by their products from the time of distribution until long after purchase by consumers. With that said, product liability is one of the main issues that business owners and manufacturers [...]
Starting your own business is a good step for those with a particular perfection of skill and a sense of making a profit. But a few things should be taken into consideration so that unforeseen and pointless costs and risks are not incurred. Choosing a suitable ownership structure is a key decision to be made [...]
A lot of companies are starting to take advantage of the various benefits that are offered by incorporating their company offshore. Many business owners are turned on by the idea of low taxation and better asset protection, but they aren’t exactly sure how to form their company offshore. The process is actually quite simple, although [...]
Zero hour contacts are a fairly new phenomenon in businesses and have widely gained popularity in recent years. Zero hour contracts initially emerged as a means to income during recession in the early 90’s. Now a day, it has been observed that every 3 out of 10 businesses include zero hour contracts as an option during employment. Although these contracts are extremely flexible, they do not provide the employee will a stable foothold in the industry threshold. As employers are trying to find ways to cut back business costs, it is the employees who find themselves in a vulnerable position.
When referring to business ‘pests’, I don’t mean your neighborhood troublesome rodents. In business terms, pests represent the political, economic, social and technological factors that could affect your business in either a positive or in a negative way. These pest factors have a significant impact on business organizations and if gone un-noticed, could have a detrimental effect on trade transactions and progress of a business. Business environments are constantly changing and a proactive step must be taken in order to stay ahead of the tide.
If you are an employer then you will be aware that you’re not allowed to discriminate against employees when recruiting or in employment but you may not be exactly sure what that means or how you comply with the law. The relevant law is the Equality Act 2010, which pulled together all existing anti-discrimination law and added some new elements. If your business has employees then it applies to your business, regardless of size, sector, whether or not you’ve recruited before and regardless of whether or not you use a formal recruitment process.
Just because an audit is scheduled, it doesn’t mean something is wrong. An audit is a measure of how effectively the organisation is run, how its assets are being used, the degree of risk being taken to achieve objectives, and what programs complete them.
The greatest problem an organisation faces when an auditor is scheduled is getting ready. There is the added burden of preparing for an audit. Can the work be absorbed? Must additional effort be expended? It also depends on whether it’s a financial or operational audit. The former requires examination of the books. The latter may examine records but will be more interested in processes.