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Online Reviews: Part 2

"I started a solo law practice last year. As part of my marketing efforts, I encourage my clients to post positive reviews on their websites and social media pages.

"Well, I just found out that a client posted a highly negative review of me on Avvo.com." (Author's note: Avvo is an online review site -- similar to Yelp -- where people can ...Read more

Online Reviews: Part I

"I want to put a hyperlink on my website to an article somebody else wrote on another website so that readers could read the article and then respond, whether negatively or positively, on my website what they thought of the article. Is this legal?"

The short and easy answer is it's probably legal. The tougher question is: Should you do it?

A...Read more

Does Your Business Qualify as Woman- or Minority-Owned?

"My husband and I started a consulting business a while back, and we are finding ourselves getting more and more business from government agencies and nonprofit organizations. There's only one problem: Many of these people want to know if we are a 'minority-owned enterprise' or a 'woman-owned enterprise' so they can comply with federal and ...Read more

Getting First Place in a Business Plan Competition

Twice a year, I have the honor of being a judge at the Connecticut Business Plan Competition, where students from business schools and undergraduate business programs throughout Connecticut compete for cash prizes and mentorship from leading business experts, in a format very similar to the popular "Shark Tank" television show.

The event has ...Read more

Are You a Maturepreneur?

Millions of baby boomers are leaving corporate America, but few are ready to retire.

The solution for many of them? Maturepreneurship.

Entrepreneurs in their 50s, 60s and 70s start 25 percent of all new businesses each year, according to Bruce Markewicz, founder of Maturepreneur Today, a new information and resource website for second-act ...Read more

Some Problems With Buy-Sell Agreements

I recently had the privilege of examining a volume of legal forms whose publisher wanted me to take over as general editor.

I was generally OK with the corporation and LLC forms -- that is until I got to the chapter titled "buy-sell agreements." These agreements deal with the common situation in which an owner of a small business either wants...Read more

When 2 Can Grow a Business More Successfully Than 1

"I currently own a one-person information technology consulting firm, which operates as a limited liability company (LLC).

"I have a number of small clients. I go out and get the business, but I am also the person who has to do the work to keep the client satisfied. I am making enough money to support myself and my family, but there is not ...Read more

12 Little Words That Will Help You Predict the Future

It's a rough economy out there, but even scarier than the persistent threats of recession, deflation, countries defaulting on their debt, governments' inability to balance the budget and other boogie people is the pace of change itself.

If you are a business owner looking to adapt, or if you are an unemployed corporate executive trying to ...Read more

When Customer Service Bumps Up Against Economic Reality

On a recent business trip to a popular beach resort in California, I was called upon to find a good local restaurant for two important California-based contacts who wanted to meet with me over dinner.

As it so happened, both of them liked steakhouses, and the hotel where I was staying boasted one of the top steakhouses in the area.

I made it...Read more

A Primer on Preferred Stock

"My two partners and I formed a corporation to run a web-based business. The business has taken off, and we are being approached by some local angel investors.

"We are delighted, of course. The problem is that these investors all want preferred stock, and our corporation is not set up for that. How can we do this? Do we need an attorney? And ...Read more

Spreading Out the Taxes on Lottery Winnings

"I have an unusual question for you. If I win a large prize in the lottery, should/could I establish a nonprofit corporation to receive the prize? I asked a financial adviser about this, and he said I could do it and also keep the identity of the manager (me) hidden from the public.

"There are two reasons I have for wanting to do this. The ...Read more

Cold-Calling That Might Possibly Work

"I run a one-person consulting service that provides marketing, public relations and other image and branding consulting services to large corporations.

"I generate most of my new business through personal networking. The problem is that personal networking is extremely time-consuming. Even when I do get an appointment with a decision-maker ...Read more

Got a College Grad in Your Basement? Call the Den Mothers!

Do you have a recent college graduate living in your basement? Is your child getting close to graduating from college with few or no job prospects on the horizon? Has your son or daughter boomeranged back to you after some time living on his or her own?

If so, you are not alone.

Here are some sobering statistics:

--Only 27 percent of ...Read more

 

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