Whether you are starting something new or expanding your current business, it is likely that you are going to need some assistance in implementing your ideas. Enlisting a business partner can be a great way to go about this. Sharing the workload and responsibilities...
Protect your profit margin from scope creep
Sooner or later, every contractor or project manager on a construction site will have to deal with an insidious problem that can erode your bottom line and increase costs exponentially. Collectively known as scope creep, this is an umbrella term for all the changes,...
Why construction timelines often lead to contract disputes
Creating an estimated timeline for a construction project is a difficult task. Anything from disruptions in the supply chain to unseasonable weather could mean extra days or weeks before the completion of a project. Few things cause as much tension between contractors...
Starting a new business? Ask these questions.
Has it always been your dream to be a business owner? Have you spent years or decades working for yourself and only dreaming about starting your own company? If it’s finally time for you to start, you need to ask yourself some important questions first. Start here: Is...
Tips to reduce the risk of a construction defect claim
If you have been in the construction industry for a while, you will know that not every building turns out precisely as planned. While some variations are minor and could even add character, those paying for the work may view some as defects. If they are upset enough,...
Construction contracts provide valuable information
Individuals who hire a contractor want to ensure that the project they’re paying for is done properly. The contractor wants to ensure that they’re being compensated appropriately. A construction contract can help keep both sides of the matter protected. While these...
Business location still matters. Here’s why.
When starting a business in the modern era, some people say that the idea that location matters is outdated. They point out that many consumers find businesses online, so they don’t need to stumble upon them in real life, and that many online sales just involve...
What should you include in your employment contracts?
If you built your business from the ground up, chances are good that you only had a handful of employees at first. Many of them may have been part of your family or broader social network, which meant you felt comfortable relying on verbal contracts or using...
What are the riskiest business ventures?
They say that you should do what you love. But, if you’re thinking about starting a business, is that always wise advice? It may be, but there are downsides. One is stability. You have to consider how risky the type of business you want to start really is, and you...
Can your partner’s divorce affect your business? Yes
You and your business partner grew your Massachusetts company together. Now, your partner and spouse are divorcing. It’s a sad time, but the business shouldn’t be affected. Or will it? Unless you and your partner previously made written provisions to address a divorce...
