Britton Law, P.A.
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September 2017 Archives

Opportunity still knocking for brick-and-mortar owners

There is a perception among the public at large that the brick-and-mortar retail business is under serious threat by online shopping companies. According to a report released by TimeTrade.com, however, the physical retail store may yet have a lot of life left. There are many reasons for North Carolina business owners and entrepreneurs to consider franchise opportunities.

Small business owners likely to overlook exit strategy

North Carolina enterpreneurs too often overlook the most valuable investment in their portfolios. Most people who own small- to mid-sized businesses work very hard for years to begin, develop and maintain their enterprises, yet they may spend little time planning and strategizing to ensure that the direction of the business aligns with their own personal savings and retirement goals.

Investing in existing online businesses might be smart

North Carolina residents who are thinking about starting new online businesses might want to consider investing in existing ones. When people purchase existing businesses, they have several advantages. Existing online businesses are already profitable, meaning that people who purchase them do not have to spend the time building up the business from the ground. They also have assets such as customer lists and other things that can help the new business owners to get off the ground and running quickly.

Parents to sue Boy Scouts for the death of their 15-year-old son

North Carolina residents who have children in the Boy Scouts of America may be interested to learn that a family is suing the organization for the death of their 15-year-old child. The boy reportedly died from heatstroke while on a trip in west Texas in June.

Truck wheel spikes can cause accidents

Wheel spikes, often seen on large tractor trailers on North Carolina roadways, create a negative impression of the person behind the steering wheel. Whether it is true or not, they communicate to some other motorists that the operator approaches driving aggressively. While many wheel spikes are produced from plastic, other types are manufactured out of metal or aluminum. Wheel spikes increase the likelihood of a vehicle accident if they make contact with another vehicle, a bike, or a pedestrian.

What to consider when selling a business

There are many mistakes that could cost a North Carolina business owner money when it comes to sell the company. First, an owner may not understand what the company is worth before putting it on the market. This is generally considered to be a key step in an exit strategy. However, 65 percent of business owners haven't put a value on their company while 85 percent don't have an exit strategy at all.

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Britton Law, P.A.
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Fayetteville, NC 28304

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September 2017 Archives | Blog