Mistakes to Avoid When Starting a Small Business

Starting a small business is an exciting venture. There are thousands of successful small businesses, but there are as many more that failed. The possibility of not being successful shouldn’t keep you from following your passion, what will keep you going is playing it smart- work smarter, not harder my friend would always say. Business ownership requires a lot of hard work, but once you work out the kinks and avoid common mistakes, you will have a thriving business to pass on to your family.

Making mistakes is a part of life, but so is learning from them. Same goes with running a business. The good news is there are helpful tools and advisors you can get advice from. Here are a few mistakes some owners make that jeopardize the future of their business.

Not planning for a future when you are no longer in the picture. This doesn’t necessarily mean after you die, but maybe when you leave the company to someone else or retire. Accidents happen, and you will want to be prepared. If you leave without a plan in place, it could be difficult for anyone else to take over, or the wrong person could step in your place. You also don’t want to leave inheritance questions or fights among your family as many owners want to leave the business to their children. Be sure everything is in order, and you have a plan laid out.

Not choosing the right business structure can hurt. There are different options, and some can provide more protection from personal liability than others.

Not having a business plan from the beginning. Having a plan can create a roadmap and help you set and achieve goals for your businesses success. It can lead to profitability and possible investors.

Business Law Attorneys in Wylie

As I said, you will make mistakes; there is no way around it. Some will be minor, and others will require a professional to help you with. The goal is to stay out of court, save money, and keep your business going. The attorneys at Edmondson Law, PLLC can help you avoid these and other common mistakes. They can also answer any questions you have while running your business. To get your business off to a good start, contact the offices of Edmondson Law, PLLC to help prepare you for the unexpected and avoid any legal matters in the future. Contact us at 972-442-8326 or visit us at www.wylietxlaw.com to view the services we provide.

Information, Not Legal Advice. We provide the information on this website as a public service. The legal landscape is constantly changing and being modified by state law and case law. As a result, we cannot promise that this information is always up-to-date and reflective of the most current jurisprudence.

We do not intend this information to be legal advice. By providing this information, we are not acting as your lawyer. If you need legal advice, you should contact a lawyer through our number (972) 442-8326 or contact another attorney of your choosing.

Helpful Co-Parenting Apps

Communication with your ex is essential when children are involved. But having that open dialogue may be difficult especially if you have a grim relationship with your ex. Parenting has its challenges, and you want every tool at your disposal to make things run smoothly. You may not know this, but there is a slew of apps to help you with co-parenting. There is an app for EVERYTHING, so why not one (or 3) to help you and your ex-spouse be better parents together- separately.

This genius technology has made it easier for separated parents to share the responsibility and be on the same page about their children. Babyology listed a few co-parenting apps that will help you and your ex.

SharedCare- This simple app isn’t just great for co-parents but also other carers who are helping or involved in your children’s lives, such as grandparents. SharedCare keeps you in control of every aspect of your kids’ lives, from care arrangements, expenses (including reimbursement requests), sharing news and photos, or just keeping everyone on the same page. Key features include shared calendar, care arrangements, expense recorder, and group news feed.
Parentship- Designed to reduce stress and focus on a shared commitment to raising children in the best way possible, Parentship helps parents better manage emotional distress or ambiguity in order to schedule, communicate and keep track of their activity and custody calendar. Key features include a customized dashboard, reminders, custom calendaring, smart profile, and digital documents.
FamCal- Really handy for all kinds of families – not just those who are co-parenting. A shared calendar, it allows you to share dates, schedules, tasks and notes all in the same place, so everyone is in sync and organized. Key features include a family calendar, lists and tasks, and family notes.

This is a few we listed, visit Babyology for the full list or do some research of your own. There are more apps to read through and choose from; some are free or inexpensive, but well worth the fee. And most of them can be downloaded through either Apple, Android, or both.

Wylie Family Law Attorneys

Our attorneys understand the complexities of family law in the State of Texas. We have years of experience, and you can expect exceptional personal service from our law office. Contact us if you are experiencing a family law matter and schedule a free consultation with one of our attorneys. Please call us at 972-442-8326.

We do not intend this information to be legal advice. By providing this information, we are not acting as your lawyer. If you need legal advice, you should contact a lawyer through our number (972) 442-8326 or contact another attorney of your choosing.