May 2014 Archives

Navigating Business Basics for Entrepreneurs

Entrepreneurs are energized with the idea of creating a new business. Those who take the plunge cite the flexibility of time, being their own boss, and having a greater sense of accomplishment as the top three reasons for making the career choice, according to a recent Gallup poll of small business owners. The sense of self-satisfaction for small business owners is so great that eight out of 10 respondents to the survey reported that if they had a chance to do it again, they would. However, the challenges associated with starting a new venture are not for everyone. The key is to prepare for the journey by following several important steps.

Even Successful Companies Should Keep their Options Open

Perhaps the current economy can best be described as slowly recovering. Economic cycles will always have peaks and valleys. During down times in the cycle, some companies will feel the stress more than others. Those that do maintain their vitality will do so through innovation or by reinventing themselves. PLDO Partner and business attorney Bill Miller recently published a Client Advisory, which offered several options for distressed companies to consider in the current economy. In his latest advisory, Attorney Miller, who has over 30 years of advising and representing a wide range of national and international clients, provides suggestions for successful companies to consider to keep their options open, as well. Read the entire advisory for information on topics like buying back equity from minority owners and growth by acquisition.   

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