A blog about making your business leaner, faster and smarter

The CXO Guide To Being The Master Of Your Legal Budget [EBOOK]

As a CXO or General Counsel, there are undoubtedly many, many things on your plate. But perhaps none causes quite the stir as does your legal budget. Employing big law firms who employ the most expensive attorneys can see that number spiral upward and out of control extremely fast. But you can control it. And you should. In this eBook, we will explore the best methods for moving away from the traditional “big law” structure and finding the right niche lawyers that work well for your company and for your budget. Although the idea of solo lawyers may call to mind Perry Mason, the truth is that solo attorney networks are the future of law as bigger law firms collapse under their own weight and lack of flexibility. But it is not too late for you to learn the ways of the future. Free eBook – The CXO Guide To Being The Master Of Your Legal Budget The Secrets …

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Obamacare 101: What Your Business Needs To Know [INFOGRAPHIC]

As of January 1st, 2014, every company needs to make sure they are in compliance with the Obamacare (or Affordable Care Act) laws and regulations. As a business owner, you might be wondering how these laws and regulations will affect your business this year. In the following infographic, we’re outlining some basics about the Affordable Care Act, highlighting a few recent news stories that will help bring you up to speed on what’s been going on in relation to the Act, and shedding light on how it will impact business. To embed this infographic on your blog or website, copy the code below: Click image to see a larger versionObamacare 101: What Your Small Business Needs To Know Infographic via UpCounsel

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Health Insurance for Solo Attorneys Through the Affordable Care Act

Now is a great time to make the leap from a law firm job to a solo practice. While there are certainly many factors to consider, from job security to flexible hours and home office investments, there is one worry that has been considerably lessened in the last year: the ability to get health insurance for solo attorneys. Historically, health insurance has been a major contributing factor that has kept attorneys from pursuing solo practice. This is because individual or family insurance plans that are not paid for by an employer can be prohibitively expensive. This is true of individual plans as well as COBRA coverage, which can run into the thousands as a per month premium. Furthermore, many attorneys may have preexisting health conditions or expensive prescription medications that would not be covered by a new insurance plan. Not to mention the cost of insuring spouses and children as …

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4 Ways to Save Thousands on HR and Recruiting

During the early years of the most recent recession, according to the Department of Labor, the number of unemployed persons per job opening was 1.8 in December 2007; by June 2009, there were 6.2 unemployed persons per job opening but that ratio has trended downward since and was 2.9 in October, 2013. Even more significant than the raw numbers is the translations released by the Bureau of Labor Statistics that indicates some 90 million Americans who are not working or seeking work due to taking themselves out of the job market. These include older people, younger people, and those without strong training or education who have simply given up. Recruiting in a tough labor market is never easy, but smart-thinking entrepreneurs know how to think creatively to solve tough problems. Control Hiring Costs Young, fast-growing companies cannot as easily afford the $15,000 or higher hit they take each time they …

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5 Things General Counsel Should Learn For 2014

While it certainly behooves every attorney to stay up-to-date on legal news, perhaps none is better served than a General Counsel. As 2014 revs up to full speed, now is a good time to take stock of advancements in the legal field and to consider the best ways for your company to move forward efficiently. Presented here are five particularly relevant tidbits that should stay top of mind in the New Year. Privacy Prevails As companies continue to collect and store all manner of customer data, privacy has become a focal point for both consumers and executives. In fact,

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The CXO Guide to Cutting Legal Bills in 2014

As a Chief Officer of a corporation, you’re probably more than familiar with attorneys fees. Whether you have general counsel at your company or you hire outside counsel, you know how quickly legal bills can get out of control, but you may not know why they’re so high or what you can do about it. As the new year begins, everyone is on the lookout for ways to save money and how to make their business’ run more efficiently and cost-effectively. No matter whether you have in-house general counsel or your hire an outside legal firm, you can implement solutions that lead to lower legal bills in 2014 with a little due diligence and a sharp eye toward the future. Let’s take a look first at what causes your legal bills to be so high. How Legal Bills Get Out of Control There are a few notable ways the traditional …

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Trends and Concerns for Small Business Owners in 2014

Every year holds a unique set of challenges and opportunities for small businesses and the gridlock in Washington, the impact of the Affordable Care Act, and skittish consumers top the list of concerns for small business owners heading into January 2014. While all these things are interrelated, taken together they deliver a fairly high level of uncertainty as we head into a new year of business. 2013 was a tough year for many small businesses as the owners and executives navigated a soft economy and tried to figure their way through the confusion surrounding the Affordable Care Act. That said, many agree that a generation of entrepreneurs has emerged in recent years as many of the barriers to starting a business have been democratized to a point and there are more tools available for founders to leverage capital, technology, and legal support. There are a few ‘good news’ factors to …

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10 Tips on Fee Collection for Solo Practitioners

Being a solo practitioner puts you in a position to actually reap the rewards of your hard work, rather than pass a big chunk off to the firm you work for. The flip side of a solo practice is the fact that you are responsible for more, including fee collection (that is,making sure that your clients actually pay). Not to mention the fact that when your practice doesn’t get paid, you don’t get paid. It can be more difficult for small businesses to collect, with nearly 40% of small businesses reporting a slow down in payments. By employing the following strategies in your solo practice, you can simplify the bill collecting process and increase the likelihood that your clients pay in full and on time. Provide Great Customer Service As a solo practitioner, offering good customer service rests squarely on you. And while it’s not always the easiest tasks for …

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Auditing your Corporate Culture to Boost Business Efficiency

A corporate culture is about more than having the right snacks on hand or operating on a different schedule during the summer or winter months. A well-defined and verbalized corporate culture is about how employees describe where they work, how they understand the business, and how they see where they fit as part of an organization. In the past decade plus, businesses have had to re-examine nearly everything in order to stay alive. In the past, simply growing, hiring well, and having a bigger and bigger earning profile was enough. Like the endless chicken-and-egg debate, entrepreneurs continually question whether the workplace culture should come first or whether the dynamic company changes mixed with new hires and employees will define it organically. Unfortunately, the rapid growth and fast hiring or laying off we’ve all experienced with the latest recession has left many small companies with a staff of employees that are …

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50 Ways to Save Money for Your Business in 2014

Every new year is ripe with possibilities, both personally and professionally. When you’re an entrepreneur or small business owner, there are many things you want to accomplish each and every month, and likely topping that list is cutting expenses. No matter how successful you are, there is always incentive to give yourself a little more breathing room in terms of your profit margin. In the sprit of starting over in 2014, we’re offering you this list of 50 different ways you can save money on your day to day operations without inconveniencing, overworking, or otherwise making your life harder. Cheaper Truth in Advertising Promotion is key to business success, but marketing budgets can quickly get out of hand. Including your marketing materials in non-traditional places, like shopping bags and invoices helps save on overall promotional costs. Sharing marketing costs with neighboring businesses can drive down your costs even more, while …

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