So, as you feared, the worst has happened. You've turned on your mobile device, and there it is - the slander or libel that you were hoping wouldn't arise from your latest brush with the media.
You're panicked and uncomfortable - and the timing could not be worse. The truth is, there's never a good time to receive news that you're under siege. Before you wave your white flag and feel defeated, here's some good advice to prepare you for any kind of public defamation.
Read MoreThis new law means for employees seeking to earn a fair wage in proportion to their worth and earning potential - they'll earn what they're worth - not just a few dollars up from their last role. Many employees, namely women, are held down under what is commonly known as the "wage gap".
Read MorePatents and Copyrights live for a certain number of years, and you have to renew them. They can actually be in effect for the life of the product/service/company. Your registration does require filing and fees paid at regular intervals to ensure it stays in effect forever.
Read MoreWe have discussed the social and cultural Factors before, but make sure you know what the literacy rate is and the average educational level in the country? If you are selling to or your product is designed for the middle class, make sure there actually is a middle class that would support your product?
Read MoreCould there be disputes? Absolutely. There often are between buyers and sellers, which is why it's important you have a lawyer ready for litigation even after the ink has dried. Working capital is the biggest issue of dispute, with some cases going to trial and lasting for years with discrepancies in the millions and billions. Working capital is the biggest cause for dispute, but litigation post-sale can happen for any number of reasons including warranties & purchase price payments.
Read MoreCulture is very important in business and has an impact on the strategic direction of business. Culture influences management, decisions and all business functions from accounting to production. Don’t just think in terms of the national culture but also in business think of meetings, negotiation, formalities, social media use, internships and work placements hierarchy.
Read MoreWhen imports enter a country they normally have a tariff or a tax. So for example: when you are purchasing an item from France it’s more expensive because of a duty that the importer had to pay for it to come in. When a Trade Agreement is negotiated there is an elimination of that tax then the import comes in freely and the item may be less expensive than one you could purchase in the United States. If too many of those items are coming in then there may be concerns that there needs to be protection of that industry.
Read MorePart of the reason why travel to Cuba is so expensive now that the travel and trade bans have been modified is that the embargo that was placed in the year 1961, is still very much codified in U.S. legislation. As a result, there are a number of regulatory restrictions in place that are projected to take several more years to dismantle. While these regulations are in place, all business people interested in doing business in Cuba have to carefully side-step the minefield of restrictions – which can be a slight deterrent to commerce.
Read MoreFor example, a letter of credit could be used in the delivery of goods or the completion of a service. The seller may request that the buyer obtain a letter of credit before the transaction occurs. The buyer purchases the letter of credit from a bank and forwards it to the seller's bank. This letter substitutes the bank's credit for that of its client, ensuring correct and timely payment.
Read MoreThe main contributor to the Chinese GDP is manufacturing. “Made in China” used to mean “low-cost labor stuff.” China has now transformed itself and although fewer products may be made in China, they are still within the region and Chinese products will be slightly more expensive.
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