In the construction industry, using clear contract language is critical. A well-drafted contract is the backbone of any successful construction project, providing a roadmap for all parties involved to follow. However, ambiguous language can lead to complications. If...
Family-owned businesses can be successful and beneficial not only to family members but also to the local economy. These organizations can help provide jobs and opportunities for communities. Unlike other businesses, family-run companies usually face various...
As hard as it is to let go, there may come a point when you consider selling your business. Before taking that step, it's important to ponder certain factors. Here are four key considerations to bear in mind. Understand your objectives Why are you considering selling...
Scope creep is a term that’s often used in the construction industry. It refers to situations where the initial goals of a project begin to expand or change as the project goes on. In smaller projects, scope creep can result in additional tasks, pushing deadlines and...
Running a business can come with more risks as it grows, making strategizing essential to help it maintain stability. When foreseeing incidents that can disrupt the organization, its leaders should take various methods to help keep operations running smoothly, such as...
Disputes related to construction projects and alleged construction defects can do real damage to businesses and professionals. The process of navigating a construction dispute is often quite costly and can take months or possibly more than a year if the matter goes to...
Buying a business can be a beneficial investment, but it may require as much effort and commitment as starting from nothing. It often seems like the easier option because it already has existing operations and other assets usually determined during planning or...
Building a strong brand starts with choosing the right name for your business. This name doesn't just define what you do — it also influences how your clients will perceive you. If you're planning a business in Massachusetts and have a name in mind, but you aren't...
A business may seek a commercial loan to secure funds for various purposes, such as expanding operations, purchasing equipment or managing cash flow. To increase their chances of success, businesses must be aware of what influences loan approval. Lenders often assess...
Every industry has its fair share of difficult clients – and most contractors don’t mind the fact that clients can be somewhat demanding. After all, there’s a lot at stake, financially and emotionally, in every construction project. However, some clients should make...
