Manufacturers are responsible for the products they produce and release to the public. This means that they are held responsible for any injuries, damages, and health conditions that the consumer suffers from when buying their goods. For this reason, consumers can file product liability lawsuits against manufacturers and sellers who sold them defective and dangerous [...]
Have you ever noticed that you can almost smell the coffee brewing as the folks on TV are experiencing the best part of waking up? While wandering the aisle to replace your empty shampoo and conditioner bottles, perhaps you’ll come across a brand looking to re-create that energy boost in your morning shower. Would the [...]
In today’s time, probably one of the biggest nightmares a business enterprise can go through is a product recall. It has an adverse impact on cost implications and reputation of a company. Often a decision of a product recall is followed by rumor mongering and confusion with rivals and public baying for your blood. The [...]
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 [...]
If there’s one thing I learned about business when I first started out, it’s that the adage “he who dares wins” really is apt when it comes to products and services. Many people think of business as a slow paced, cautious and very rigid process and assume that being methodical and doing lots of research [...]
We make resolutions for ourselves all of the time. From losing weight to being a better spouse, the beginning of the year is the time when we have a clean slate and aim to improve on the year before. Why can’t we do the same thing for our businesses? There is no question that the business world is constantly changing, and scalability as well as mobility is crucial to taking your business to the next level without missing a beat.
Before we pick up our 2b pencils, or get busy with a Wacom pen, designers please let’s stop and think. The “thinking” behind the brand is where the value lies. That’s what clients pay for because that’s what has the power to propel the business, product or service forward. We spend a good proportion of time thinking before we dare to start designing! Designing a brand logo is a skill, designing a brand is a gift!
If a business is looking to make its mark in an already flooded market, it is likely that it needs to reevaluate it vantage point. All good businesses are open to evolution in a bid to find a niche that they can dominate. It is this kind of thinking that is referred to as strategizing. It helps to make sure that the business is well positioned to have the best possibility of luring the customers.
Many of the safeguards consumers experience on a daily basis are the result of the deterrent effect of tort law. In effort to escape crushing liability, manufacturers and dealers alike are constantly modifying their products to ensure maximum safety. When a product is inherently dangerous, most sellers even include a warning summarizing the hazards associated with the product’s use.
Unfortunately, in today’s economy there are companies experiencing financial issues every day – be it a small family run firm or a much larger international organization – and the reality is that no business area is completely immune to difficulties that can result in bankruptcy proceedings such as pre-pack insolvency. There exists a multitude of different reasons that may cause a business to become insolvent. Some of these reasons may be of its own doing such as poor judgment in decision making, whereas others may be as a result of external influences. Here are 5 reasons as to why bankruptcy can occur.