Dynamic Business revisits a highly interesting topic on how verbal promises become legally binding, what that looks like and when it becomes “official.” In 2013, Lachlan McKnight gave us his expertise on the matter, helping small business owners understand where that line is. Lachlan is the CEO of LegalVision. He co-founded LegalVision in 2012 with […]
Australia is thriving with over 1,300 franchise businesses in a range of industries, earning over $181 billion dollars in revenue and continually growing. [1] In recent times, however, more franchisees have found themselves in a dispute against their franchisor. These problems generally arise for one of two reasons – either the franchisee has not been advised […]
Business in hot water for ‘misleading’ customers.
Medical appointment app subject of recent media attention.
Thoughtful, committed and brave… startup founders have a problem to solve, solutions to test and a vision of what they seek to achieve. Launching and running a business requires a suite of skills to succeed. With limited time, and the need to spend carefully, how can founders access strategic guidance, high-quality expertise and a sounding board? […]
You have a great idea, and you know you can turn it into a profitable one. But taking the step into startup land is a big deal, and there is a lot that separates the initial seed of your idea and your first sale. With that in mind, here are three tips for entrepreneurs looking to […]
Small businesses and startups face as much risk in employment as larger enterprises but they are often less well-equipped to address these issues. When working in a small business, people tend to form strong personal relationships and employers plan to retain staff. Sometimes, however, businesses need to dismiss staff for a number of reasons. While […]
The OECD has found that penalties for competition law breaches are ‘significantly lower’ in Australia than in comparable OECD jurisdictions, prompting the nation’s competition regulator to announce it will rethink its approach to competition law enforcement. The OECD report, Pecuniary Penalties for Competition Law Infringements in Australia(link is external) compared the penalties for companies which breach […]
