Communication During a Family Business Transition
Family relationships are challenging even in the best of times. During a major transition such as transferring ownership or control of a family business to the next generation, misunderstandings and poor communication can derail the best intentions and plans. A structured plan, crystal-clear communication, and appropriate financial tools may ease some of the strain and prevent unnecessary family conflict. It’s hard to talk about money, and every harder to talk to family about money. Many of us retain relationships with adult children which are steeped in our relationships with them when they were kids. There are unspoken expectations on both … Continue reading Communication During a Family Business Transition →
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What is Geofencing? How does it work?
Geofencing is a buzzy mobile app capability that’s been around for at least a decade; however, developers are only now seeing the full potential of geofencing for building a great user-first experience. While geofencing received some attention in relation to user privacy, new tools are considering how geofencing can better surprise and delight customers – and in the future, radically change the way companies deliver location-based experiences. From sending a tailored promotion when a customer enters a retail store to powering order-ahead food delivery, geofencing plays a key role in making mobile apps contextually aware. How does geofencing work, and … Continue reading What is Geofencing? How does it work?
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Partnership Agreements and Other Contracts You Need When You Have a Business Partner
Are you thinking about starting a business with another person? If you are, you’ll need to set up specific contracts such as a partnership agreement. They’re necessary even if it’s your spouse, a relative, or friend who’s going to be your business partner. Here are four contracts you should have in place when you have a business partner. We’ll also talk about some other important legal documents you’ll need. 1. PARTNERSHIP AGREEMENT When you have a business partner, it’s critical to get a partnership agreement. There could be disagreements, confusion or even a change in the partnership. A partnership agreement … Continue reading Partnership Agreements and Other Contracts You Need When You Have a Business Partner →
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The Top 10 Ways Proto Plastics Can Improve Your Product’s Quality
As the owner or operator of a business that requires a steady influx of plastic parts, your livelihood hinges on the quality of the product you provide. Failure to deliver a high-quality product will certainly stifle your sales and tarnish your industry reputation. Proto Plastics commits to helping you avoid this pitfall by supplying […]
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