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Business Development Archives

Profit margins slim for e-commerce food companies

The convenience of online shopping has attracted many consumers in Pennsylvania, but online-only e-commerce food and grocery companies do not have an easy path to success. Skipping the investment in a brick-and-mortar location saves startup companies money, but they then have to spend resources on marketing, distribution centers, shipping and employees. As a result, e-commerce profit margins in the food sector are even lower than brick-and-mortar grocers.

How businesses can find working capital

At some point, a business may need a loan for help through a slow season or to repair critical equipment. The first step in the loan application process is determining how much to borrow. Ideally, companies in Pennsylvania or anywhere else in the country will only take what they can afford to repay without causing cash flow issues. A loan-performance analysis may help a business owner determine the appropriate amount to borrow.

What big companies look for when acquiring a startup

For a large majority of entrepreneurs, whether in Pennsylvania or in Silicon Valley, the dream is to start a business, grow it, eventually sell it off and make a hefty profit in the process. Fortunately, this dream is well within reach given that there were more than 50,000 merger and acquisition deals struck last year, amounting to $2.6 trillion. It is estimated that this year will set a new record with $3.6 trillion in deals.

How to launch a successful startup

Throughout its journey, any startup faces numerous obstacles along the way whether it is based in Silicon Valley or Pennsylvania. Fortunately, earlier startups, both those that succeeded and those that failed, have offered the world a wealth of experience and lessons that can help guide any budding enterprises.

SBA loans to start off the New Year

For small business owners and entrepreneurs in Pennsylvania, the year 2018 holds significant promise. The economic recovery enjoyed in recent years is poised to continue, and the overall climate for doing business is likely to improve with the passing of the Tax Cuts and Jobs Acts of 2017, which means that the New Year will present opportunities for those seeking small business loans.

Overuse of non-compete agreements can backfire on businesses, P.2

Last time, we began looking at the use of non-compete agreements for low-wage earning employees. As we noted, there can be legitimate reasons for negotiating non-compete agreements with such employees, but it is important to keep in mind that every non-compete agreement must aim at protecting valid business interests.

Overuse of non-compete agreements can backfire on businesses, P.1

In our last post, we began looking at some of the general requirements of non-compete agreements. We have specifically mentioned the requirements of consideration, protection of a valid business interest, and reasonableness of duration, geographic area, and the scope of activities prohibited.

Non-compete agreements: looking at some basic rules

Businesses, particularly those in competitive industries, know that intellectual property protection is important to ensure valuable business information is not misappropriated. Patent and trademark registration, and trade secret enforcement, can be valuable ways to do this, but so can non-compete agreements, if they are used prudently.

Proper entity selection an important decision when starting a business, P.2

Last time, we looked very briefly at some of the basic characteristics of sole proprietorships and partnerships, noting the importance of entity selection in business planning. Both of these types of business entities are relatively simple to set up compared to limited liability companies and corporations.

Proper entity selection an important decision when starting a business

In starting a business, there are a lot of decisions that need to be made, including financing, entity selection, and structuring the business. Selecting the specific form a business will take is important for a number of reasons.