Your small business is staffed with bright, talented employees who are always thinking out of the box. That's a good thing. One of your employees innovates a product while in the staging room, perhaps improving upon an existing design or fashioning an entirely new one. That could be excellent. But considering the process you went through for securing the patent and intellectual property rights for the original product, you can't help but wonder... who owns the rights on the employee's innovation?
Why read an article to find out whether you are ready to become an entrepreneur when you can take a test? The Small Business Administration (SBA) has devised an online questionnaire to help you determine whether you are ready to launch your business idea into reality. The quiz features a simple layout with question in three categories: General, Personal Characteristics, and Skills, Experience, and Training. And whether you are about to start a business or have just begun the process, answering these question may help to frame issues that you will have to address as a small business owner.
If your personal business has reached the point of filing for bankruptcy, you have likely learned from the experience and want to expedite the process and move forward. Before you can focus on reinventing yourself, and your credit, you'll have to take care of filing for bankruptcy. Here is a breakdown of four steps to take to complete your small business bankruptcy.