Frisco Family Law Legal Blog

7 steps to future-proof your business

Colorado has some great new businesses. Take for example Blinker; their new app gives people the ability to post their car for sale, simply by taking a picture of it. Sugarwish makes the corporate gift-giving process fun by having the recipient pick out their treats and have them sent right over. Let's Be Chefs’ app sends users personalized menus and grocery lists weekly, and it'll even notify you when it's time to start cooking. BASE Education uses Social Emotional Learning to help prevent student suicides and school-based violence.

The small business scene is thriving in Colorado, but no one ever claimed that running one would be easy. New companies come and go with great frequency. For instance, in the third quarter of 2016, 5,898 establishments started up, generating 17,847 new jobs in Colorado. In the same period, 4,393 businesses exited, resulting in 13,050 lost jobs.

New Year, new business?

With the New Year just getting started, have you thought about what you want to accomplish this year? If you are like many Americans, there is a great chance that you are looking to start your own business and take control of your future.

Starting a business has many pitfalls and many risks, but the benefits for a person or a family owning a small business can be limitless. Before you start a business, however, think about what it will entail. Here are some important questions to ask yourself before starting your business: