Padding Your Retirement Account with Freelance Work

Padding Your Retirement Account with Freelance Work

What is Freelancing?

The freelance market, also known as the “gig economy,” is vastly different than the job market than the one with which most seniors grew up. Instead of interviewing and accepting a position within a company, you approach clients directly for work. Most freelancers are hired as independent contractors and paid on a project-by-project basis. This gives you the flexibility to set your own hours and take time off whenever necessary.

While freelancing is a great way to make money while working from home, there are a couple of things that seniors should keep in mind. Freelancers usually receive no benefits, which means no medical coverage. Contractors are also responsible for their own taxes.

The Benefits of Freelancing

One of the biggest benefits of online freelancing for many seniors is the lack of a commute. This means that job openings and gigs aren’t just limited to adults with a car or a bus pass. Those who are legally blind, mobility impaired, or who can’t find transportation for whatever other reason can still conduct a freelance business from the comfort and convenience of their living room. You can also set your own hours and work as your own boss.

Freelancing Opportunities for Seniors

It’s not hard to find online gigs if you know where to look. Skilled freelancers can find postings on community sites such as Craigslist, or they can go to a specific hiring website. There are several sites designed to connect freelancers to jobs both in and outside of their area, including:

  • Upwork
  • Guru
  • Fiverr
  • Freelancer
  • iFreelance

With the advent of the Internet, it’s become easier than ever to earn money from home. No matter what your field, you can find exciting freelance gigs online that can help you to pad your retirement account. What’s more, you have the freedom to be your own boss and run your business your way.

Jenny Holt  jennyholtwriter@gmail.com


What is 5G and What Does the G mean?

I’ve been reading about 5G coming to the US in late 2018 starting with 10 to 11 cities. Sacramento will be the first installation by Verizon and Waco will be the first location by AT&T. I’m told that people who invested in 1G, 2G, 3G, and 4G made fortunes. Now we have the opportunity to get in on 5G.

What is 5G and what does the G mean? 

The G stands for Generation. So 5G is the fifth generation. Why should we be interested in 5G? The average user on the internet either uses 3G or 4G, and download speeds average 17.2 mbps download speed. 5G offers speeds of 1gbps or 1000mbps. That is 50 to 60 times faster and may even reach 3+gbps or gigabits per second. That is a huge difference and may put cable out of business. I’ve come across several companies that will be big in 5G?

Reuters writes, “Before the new technology becomes a reality for consumers, two transitions need to take place.”

“Mobile operators have to upgrade their networks with 5G gear made by the likes of Huawei [HWT.UL] and ZTE 0000630.SZ of China, Sweden’s Ericsson (ERICb.ST) and Finland’s Nokia (NOKIA.HE). And phone makers need to make handsets with built-in 5G radios ready to hook up to networks.”

Kiplinger writes, “5G is the fifth generation of mobile wireless technology and a major step up from previous versions. 5G will greatly accelerate download speeds, improve response times and enable networks to connect to many more types of devices.  “Wide-ranging applications for 5G in new markets such as video streaming, smart manufacturing and driverless cars will fuel revenue gains for companies providing 5G service and technology. Networking giant Ericsson (ERIC) predicts a 5G market surpassing $1.2 trillion within 10 years. Facebook (FB) CEO Mark Zuckerberg envisions “killer applications” for 5G in virtual reality games, and other techies think 5G will drive major advances in telemedicine and robotics.”

Kiplinger says there are six companies that will be big in 5G: AT&T, Verizon, Qualcomm, Nokia, Cisco Systems, and Vodaphone.

I’ve come across phrases that mean little to me now, but will in the near future:

Small Cell or Metrocell

Metrocells or small cell are compact and discrete mobile phone basestations, unobtrusively located in urban or rural areas. They can be mounted on lampposts, positioned on the sides of buildings or found indoors in stadiums, transport hubs, and other public areas.

Small Cell Backhaul

Small Cell Backhaul. Small Cell backhaul is the transmission link between the small cell and the mobile network operator’s core network.

Femtocell

In telecommunications, a femtocell is a small, low-power cellular base station, typically designed for use in a home or small business. A broader term which is more widespread in the industry is small cell, with femtocell as a subset. It is also called femto AccessPoint (AP).

I’m excited by the prospects of 5G. It seems computers are never fast enough or downloading a movie takes too long. That’s about to change with 5G

Mike Landfair (landfair3554@gmail(dot)com

 


Top Ways To Protect Your Finances When Buying Online

Top Ways To Protect Your Finances When Buying Online

Buying and selling online is big business across the world. In 2017, 1.66 billion individuals purchased products on the net and this figure is expected to increase further in 2018. However, numerous fraudulent practices are targeting e-commerce businesses, and are risking the finances of individuals up and down the country. With many seeking out the American dream, losing your cash after innocently shopping on the net is a devastating blow. Thankfully, there’s no need to worry if you take onboard these top buying tips when you next shop online.

Be vigilant

South America is currently emerging as a hotspot for identity fraud as a result of cyber criminals hacking into e-commerce systems and stealing the personal data of online shoppers. Most people don’t think twice about entering their date of birth, address and bank account details when shopping online, but have you ever stopped to think about what happens to this data once your parcel has been dispatched? You should choose the sites you purchase from and provide your personal details to wisely, even if it sometimes means you have to pay a few more dollars for your goods.  Always be on the lookout for signs that something isn’t legit with the company, such as no reviews or feedback.

Check the site’s security status

It would be fair to say that a large proportion of people don’t stop to check that the e-commerce site they’re purchasing from is secure before proceeding to make a purchase, but if you want to protect your finances from criminals you need to avoid getting over excited and rushing ahead to the checkout. A secure website will start with https rather than http and your browser bar will confirm the security of the site by showing a padlock. Consider using Chrome as your browser when shopping online as from July 2018, all http websites will be marked as ‘not secure’, making it easier for you to identify that the online shop is one to steer clear of.

Know your rights

As you don’t get to physically see or hold an item before you buy it online, consumers usually have better rights. You should always take the time to read the e-commerce site’s terms of sale including their refund policy before you buy any goods and it’s always worth making online purchases with a credit card as, if a problem occurs, you can dispute the charge. It’s wise to utilize an e-commerce site that has a reputation for providing good customer service and support, both before and after the sale, as these are the sites that care and appreciate you as a customer. It is a sign that they will do their utmost to protect the data they hold on you, including your bank account information.

Buying goods online is an efficient and convenient way of shopping for billions of people each year. However, many consumers need to put more effort into keeping their data and financial information secure when on the net. Being vigilant about who you buy from and what personal data you’re giving out is vital while checking the security status of every site you visit is a must. Take the time to read up on your rights, too, before checking out and freely handing over your personal data as this will provide you and your finances with ultimate protection.

 Jenny Holt jennyholt@accurasend.net

Engaging Workers To Boost Productivity: Tips For Small Businesses

Engaging Workers To Boost Productivity: Tips For Small Businesses

The U.S.economy loses up to $550 billion a year because of unhappy employees. While workers still labor in pursuit of the American Dream, it seems they’re not entirely engaged doing so. Across the globe, as much as 85 percent of employees are disengaged or actively disengaged. Owners are increasingly striving to improve company culture so that staff disengagement doesn’t drag down the workplace, and ultimately, the bottom line.

Identifying a disconnected worker

When an employee doesn’t enjoy their work and scrapes by achieving the bare minimum of what is required, it’s likely they are disengaged. These employees often don’t feel challenged, emotionally attached, or optimistic about career advancement. As a result, they don’t extend themselves or have the drive to deliver better outcomes. A disengaged worker won’t always create problems, and can even be reluctant to quit their job. Unfortunately, it doesn’t take long for negativity to spread and damage the collective employee morale.

Early signs of disengagement include lacking motivation and avoiding fun or social activities with co-workers, being apathetic about learning opportunities, and not celebrating the company’s achievements. A disengaged employee is also more likely to take sick days and be less enthusiastic about growing the business’s reputation.

How disengagement happens

It’s estimated that more than half of all employees are unfamiliar with their company’s mission or vision. Also, management’s ability to communicate well and be transparent can have a major influence on employee happiness. Your staff wants to be valued, heard and included. If an owner isn’t interested in certain elements of the business; for example, if they ignore feedback or don’t prioritize performance reviews, it’s possible that employees will become disconnected. In fact, this is the case for seven out of every ten Americans at work.

The cost to small businesses

For small to medium businesses, a disengaged employee can cost about $10,000. Reduced productivity and customer satisfaction, high staff turnover, and increased absenteeism all have a bearing on the actual price of disengagement. Disengaged workers put in the time but not the zeal, which tends to weigh down the motivation and ambition of those who are actively industrious. Also, a company is at risk of losing engaged, productive workers who are exposed to pessimistic colleagues. And there’s your business brand to consider. Having a strong, positive reputation is always in the best interests of a growing company.

Ways to enhance engagement

While the cost of disengaged staff can be startlingly high, solutions are attainable. Leaders are capable of cultivating a dynamic workforce by setting clear expectations and demonstrating the importance of engagement themselves. Additionally, organizations should ask for and accept feedback, devise and stick to an engagement plan, and introduce team-building activities. The disconnectedness of workers may have never been a salient issue for your business. But for your company to prosper in a competitive marketplace, you should be aware of the signs of disengagement and take pre-emptive measures to ensure your staff is – and remains – engaged.

Jenny Holt <jennyholtwriter@gmail.com>


Top Ways To Boost Your Finances After Buying A Home

Top Ways To Boost Your Finances After Buying A Home

Top Ways To Boost Your Finances After Buying A Home

Owning a home is the dream scenario for millions of people around the world. However, with the average American property costing $241,700, it can be hard enough scraping together a sizeable deposit, let alone ensuring you’ve got enough put by to truly put your stamp on your new abode. So, when you’re preparing for a house move, be sure to take into consideration these top tips to enable you to boost your finances and your bank balance.

Take your time & plan

It goes without saying that you’ll be excited at the prospect of moving into your own property and will want to make changes as soon as possible so that it truly feels like it’s all yours. It is tempting to splash out on items before you’ve made a definitive plan, though, as you’ll likely end up throwing away money. Once you’re settled in your new place, take the time to sit down and decide what work needs doing and what changes you would like to make. This will give you a good starting point to work from and from here you can determine an order of priority.

Bills & expenses

When you move into a new home, it’s easy to forget to contact businesses such as your energy supplier and water provider to give them your details. It’s essential you make contact with them as soon as possible though to avoid falling into debt. This also gives you the perfect opportunity to ask for any special deals plans or discounts which will help keep your bank balance looking healthy. Now is also the time to seriously review your outgoings. Some top ways to cut your expenses is to opt for a cheaper cell phone contract, ditch the takeout coffees and walk instead of using public transport.

Make cash from your home

Your new property could be the perfect way to help boost your finances and build your personal wealth. If you’ve got a spare room, you could rent it out to a lodger or, for those conveniently located near to cities, towns and local businesses, renting out your driveway to commuters is a great way to bring in some additional cash. Another option is to rent out your home to TV and movie directors looking to film in lived in properties rather than fake sets.

Buying a home is a costly expense

Therefore, buyers should ensure they find ways to enhance their income and keep their finances healthy. It’s important to plan and budget for any projects before proceeding with them, take time to review all bills and expenses and consider using your new residency to make some cash.

Jenny Holt <jennyholtwriter@gmail.com>

Income Inequality, Wage Stagnation, Debt, and the American Dream

Income Inequality, Wage Stagnation, Debt, and the American Dream

Income Inequality, Wage Stagnation, Debt, and the American Dream

Approximately 60% of Americans think that the American dream is now more difficult to achieve. For many, the dream is to own a big house, a nice car, and to pay for monthly bills without running into money troubles. However, all of these depend on household income and its power to both see and seize the dream. Analysts blame this turn of events on income inequality and the fact that the income gap between the affluent and everyone else has been seeing a steady climb for some 30 years.

The Struggle of the Middle Class

Many households in the United States now spend more than they make. According to a CNBC report in July 2017, most Americans consider themselves as part of the middle class but that their six-figure income is barely enough to cover for transportation, healthcare, housing, and other needs. A Forbes report in 2016 also paints a similar picture. The report notes that 63% of Americans do not have enough money stashed away to cover for a $500 emergency.

The Debt Burden 

In May 2017, the Federal Reserve Bank of New York reported a new peak in household debt in the US. According to the report, the debt burden has grown to a whopping $12.7 trillion with student loans, housing payments, credit card debt, and auto loans being the major contributors. Although many assume that this is mainly due to careless spending, it is not true in most cases. Student loans are higher now because of soaring tuition costs, according to experts. Despite the fact that cost of living has gone down, for the most part, the United States has been experiencing a wage stagnation for years.

How to Get Back on Track

Achieving the American dream can mean tightening your belt for a number of years but with the average household debt at $137,063, getting back on track is easier said than done.The good news is, personal loans can help consolidate debt at favorable rates. While this is still a form of debt, a personal loan can help Americans pay off their debt sooner and still save a little money along the way. Personal loans have lower interest rates in general, and some lenders even offer rates as low as 5%.

Basic financial management techniques also help, according to experts. Apart from paying off all debts, it is important to find ways to decrease monthly expenses. Getting a cable and internet bundle, for example, is a good idea. For individuals who don’t really watch that much TV, it is advisable to get rid of the cable altogether. Even the little things count. Your daily caffeine fix at your favorite coffee shop can survive a downgrade by making your coffee at home. It is also a good idea to list your priorities and to remind yourself of these priorities every day. Sticking to paying for your needs first before spending your money anywhere else will make financial decisions easier for you. With enough discipline and drive, you still have the chance to live the American dream. 

Jenny Holt <jennyholtwriter@gmail.com>


Why Bitcoin Isn’t the Future of Cryptocurrency

Why Bitcoin Isn't the Future of Cryptocurrency

Why Bitcoin Isn’t the Future of Cryptocurrency

All around the world, many sing the praises of Bitcoin and that it is the future of cryptocurrency. No one who deals with cryptocurrencies wants to see BTC fail yet in anything the one who brings the idea to the masses does indeed see a fall in their initial standing. Why Bitcoin Isn’t the Future of Cryptocurrency.

Why Bitcoin Isn’t the Future of Cryptocurrency

BTC will not fail, and it will always be there yet it stands a good chance of playing second fiddle to some of the other cryptocurrencies that have yet to make their full presence felt.

This massive shift that will happen in the crypto market stands a chance of being in 2018. Bitcoin will be soon seen as a victim of its own success. There are many Bitcoin problems and these up, and coming coins are fixing them all the time.

What Are The Problems With Bitcoin?

Bitcoin problems fall into diverse areas, some are of its own doing, and some are the effects of its popularity, yet regardless of the root of the problem, it is still a problem. Some of which might not be fixed with the current BTC and Blockchain model.

One of the problems being scalability, bitcoin is not very good at it. Simply put, the more transactions that take place, the slower the processing of these transactions by the bitcoin miners becomes.

This leads to another area that should never have happened. High transaction costs are being imposed to conduct these transactions first. This is entirely in the wrong direction that the coin should have gone in.

Mining is another problem area with BTC and the Blockchain. Over time the number of coins to be mined reduces.

In the near future this makes mining unprofitable for the miners, once this number is limited it is hard to say how things will go, but one thing for sure. Who will do the processing of the transactions?

BTC was supposed to be truly decentralized, yet mining pools have stopped this idea. It has been said that mining is controlled by only three major pools of miners around the world. If any of these merged it could be a sign for a 51% attack, or at least the market could be manipulated if it isn’t already.

Other BTC Issues

Along with a network that slows thus forcing higher costs to users and the decentralization issues it has, BTC will not vanish. It will still be used as most crypto’s are traded against it, so there is a need for now.

How Crypto’s fix this problem?

There are over a thousand cryptocurrencies, yet a great deal of these are based around BTC and Blockchain. These will be pushed by the wayside by altcoins that have seen the problems, since cryptocurrencies birth.

There are however coins which have taken their time to come to market. They have no intention of only lasting a few years so they address critical issues as you can see below:

OmiseGo

This coin is based on Ethereum, so it does not hold the same network slowdown as BTC. New blocks are created in a fraction of the time compared to BTC’s new block every 10 minutes. OmiseGo promises real-time P2P payment services.

It is also made accessible to everyone as no bank account is needed and is scalable while retaining low costs and instant settlements. It has been designed to offer transactions across multiple currencies.

Skycoin

This coin is set to transform so many things in the later months of the year and beyond. It has ripped up the BTC rule book and started at the bottom to build not just a coin, an algorithm that works (Obelisk) and a new mesh network that changes the face of the internet in its entirety.

Skycoin is looking at the long-term goal and is not rushing to deliver anything that will lead to problems in the same way that BTC and Ethereum have done.

SKY is a 3rd generation altcoin and does something radical. It eliminates mining of coins altogether. It does have miners, yet these are paid for offering bandwidth.

These decentralized nodes or internet access points are what you would pay rather than a large ISP who has control. A “New Internet” and a new future all is good for SKY when it hits the mainstream.

Ripple

This was developed and for a time was seen as a replacement for BTC. What it does is to update the payment infrastructure.

Ripple connects to banks, payment providers, corporates and digital asset exchanges to offer frictionless payment system when sending money anywhere. Transactions are almost instantaneous, and you can trace funds in real-time.

Unlike BTC it is scalable and can scale to perform the same number of operations per second as Visa.

Although it still uses the Blockchain in the same way. It does rid their system of the many problems that now hinder BTC.

From these three coins, the one that does away with most of what BTC was based on is SKY and Skywire. It is radical, yet it was conceived by some of the original BTC and Ethereum developers, so it has a solid standing and background behind it.

Key Points On Bitcoin Investment

Key Points On Bitcoin Investment

Key Points On Bitcoin Investment

If the idea of investing in cryptocurrency didn’t excite you before 2017, there’s a good chance it caught your attention last year. Bitcoin, in particular, had a sensational year, starting right around $1,000 in early January and skyrocketing to nearly $20,000 toward the end of the year. It would be easy to look at the cryptocurrency market and groan at the idea of having missed the train; then again, plenty of people are even now looking to hop aboard in the hopes that these bizarre digital currency alternatives just keep climbing.

I can’t tell you whether or not that’s a good idea. Frankly, no one can. Bitcoin and its fellow digital currencies are operating in uncharted territory, and while people can draw comparisons to the currency trade or to other valuable commodities, there’s not really any exact parallel that informs us as to where bitcoin will go from here. What I can do, however, is lay out some of the key points that should go into any decision or analysis of this kind of investment.

The 2017 Surge Is Over

The 2017 surge in bitcoin was quite something to behold, even if you aren’t really interested in investment patterns, cryptocurrency, or finance. It just isn’t the sort of thing that happens very often, and those who played it correctly were surely able to make a lot of money. However, it’s important not to get caught up now in what happened a few months ago. In late January bitcoin slipped below $11,000 with all major cryptocurrencies feeling the pressure. While it may yet start climbing again as it did before, this proves beyond doubt that bitcoin is volatile if nothing else.

The Spectrum Of Predictions Is Wide

Without touching on any specific advice from high profile people in the cryptocurrency and financial investment worlds, it’s important to point out that the spectrum of predictions for 2018 and beyond has been wide. Some would have you believe bitcoin is about to crash to the point that it’s essentially worthless; others see 2017 as nothing but a tease for far greater climbs to come. Seeking advice on this sort of thing is important, but be careful not to buy into the most outlandish predictions you see in either direction just yet, because there is bound to be a credible expert making the exact opposite prediction.

The Wallet You Choose Is Important

For those who haven’t bought bitcoin before, the idea of a wallet might seem like a secondary concern. In fact, it’s an extremely important aspect of the process. Bitcoin wallets store the digital keys you use to access your store of bitcoin online (because there’s no such thing as actually possessing physical bitcoins). It helps to think of them as bank accounts or investment portfolios full of cryptocurrency. These wallets come in five forms, and analyzing those forms (desktop, mobile, web, hardware, and paper) is as important as analyzing when to buy and sell. The different types of wallets offer different security perks, different levels of convenience and ease of use, and in some cases different fees for transactions.

Regulatory News Matters

People who are looking into investments like to research the different things that might influence what happens to those investments. It’s the only appropriate way to approach things, but it’s particularly tricky where bitcoin is concerned. Because cryptocurrency is new and to some degree experimental – not to mention fully digital and fully decentralized – it would almost seem to be free from influence. What we’re learning more and more, however, is that regulatory news matters. Bitcoin is for the most part not regulated around the world, but when news breaks of a major economy (such as Japan, recently) trying to restrict bitcoin in any way, prices can drop. It’s just something to keep in mind.

Bitcoin Has No Comparison

People seem to be very eager to compare bitcoin to other lucrative commodities from the past – most typically oil and gold. However, comparisons like these tend to be simplistic and ignore the reality that bitcoin is unlike anything we’ve ever seen before. As The Telegraph put it bluntly, bitcoin is not the new gold despite its “glittering” run to close out 2017. Oil has a practical use, and gold is a tangible resource that has literally been used to back currency. Bitcoin, by contrast, is entirely made up, with its value backed by little more than its own potential. It’s a brand new concept, and one without a comparison – for better or worse.

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Key Tips On How to Avoid Business Litigation

Facing business litigation can be expensive and stressful. It also can significantly impact your productivity. In fact, the potential costs including the attorney’s fees, court fees, and other related fees can be excessively higher than you expect. That’s why as business owners, part of your responsibilities is to ensure that your business is running smoothly without the possibility of getting involved in a lawsuit. Following are some Key Tips On How to Avoid Business Litigation:

Key Tips On How to Avoid Business Litigation

  1. Hire A Company Lawyer: Running your own business means regularly going over several legal considerations.
  • Getting a company attorney can help you operate your business in a legal sense. With all the legalities associated with managing a business, your attorney can advise you on what to do in certain situations.
  • For instance, if you’re dealing with business contracts, you can have these documents reviewed first by your lawyer before signing them. That way, you can be sure that your attorney is protecting your business interests at all times.
  • When you have the right lawyer for your company, you’ll also know how to handle your business in such a way that you’ll avoid litigations in the future.
  • However, looking for the appropriate attorney may not be easy. As a business owner, it’s best if you consider the attorney’s familiarity with the local customs and laws of the business you operate. Make sure to get a lawyer who has expertise in a particular field of law. Try to inquire about their years of experience in handling business litigations in the past. Doing so will help you determine the appropriateness of the attorney in your business.
  1. Maintain A Good Employer-Employee Relationship: In some cases, business litigations involve unresolved disputes regarding employers and employees.
  • Remember employees initiate most business litigations and terminated by their employers without due process. For that reason alone, there’s no doubt that your employees can bring severe problems to your business.
  • If you want to prevent litigations brought by your employees, make sure to treat them with dignity and respect. Give them what’s due for them, and they’ll surely work for you correctly.
  • Although you hire them to work for your business, managing them properly can improve your employer and employee relationship in the long run.
  • As much as possible, try to look for resources wherein you can provide staff training to your employees. The practices can be expensive, but these can also be considered as quality business investments because you’re giving your employees opportunities to enhance their skills and capabilities.
  • Training your staff well can decrease the likelihood of having problems with them in the future. When you have trustworthy employees working for your business, possible business litigation won’t likely happen.

More Key Tips On How to Avoid Business Litigation

  1. Preserve Records Of Everything: When you’re operating a business, documentation plays a vital role.
  • Take note that documents are essential to business operations, that’s why these shouldn’t be taken for granted. These records serve several purposes, and one of which is to bring these documents in court as pieces of evidence when you’re business is facing litigation.
  • In these type of situations, keeping records of everything can save your business from being sued in court. In fact, many disputes can be prevented when you’re able to present essential documents as quickly as possible.
  • That’s why you should make sure that you preserve your business records with utmost security. These materials may include business and employment contracts, correspondence and even telephone conversations and emails. If possible, take time to review your record retention policy is in place to ensure that all records about business operations are well-kept.
  1. Provide Exceptional Service: A business providing exceptional service to customers, business partners and suppliers can prevent you from facing potential business litigation.
  • When you know how to make your clients happy and satisfied at all times, you’ll unlikely find your business in litigation.
  • For instance, litigation will not occur if you actively communicate with your customers, business partners, and suppliers. Having an approachable team of customer service representatives can help your business address and resolve issues with your clients and vendors.
  • If you’re concerned about your business having a lawsuit against it, make sure that you don’t take any dispute for granted.

More Key Tips On How to Avoid Business Litigation

  1. Resolve Disputes Internally: There are instances where disputes arise within your business. It’s true; especially you have different people helping you in handling your operations. However, these circumstances can affect your business performance.
  • Disputes most likely happen when people freely express their various opinions and views on things.
  • Bear in mind that it’s important to resolve these conflicts as soon as possible within your means before they convert into a business litigation, which is a costly and time-consuming way of settling disputes.
  • In solving a dispute internally, it’s best if you conduct it in the presence of your company lawyer to ensure that you follow the legal procedures in dispute settlement.
  1. Provide Exceptional Service: A business providing exceptional service to customers, business partners and suppliers can prevent you from facing potential business litigation.
  • When you know how to make your clients happy and satisfied at all times, you’ll unlikely find your business in litigation.
  • For instance, litigation will not occur if you actively communicate with your customers, business partners, and suppliers. Having an approachable team of customer service representatives can help your business address and resolve issues with your clients and vendors.
  • If you’re concerned about your business having a lawsuit against it, make sure that you don’t take any dispute for granted.

There are several ways on how to avoid business litigation. Consider these tips, and they’ll eventually benefit your business in the long run. If you find speaking to an attorney helpful in this kind of situation, do it now. Bear in mind that your business’ continuity is assured when you’re mindful of the things you do.

Disclaimer: This content should only be used as general information about the key tips on how to avoid business litigation. It shouldn’t however, be taken as specific legal advice regarding the subject matter. If you want appropriate legal advice for your situation, seek for the services of a licensed attorney who specializes in business litigations.

Irene Wall

Irene Wall has been writing about law for more than a decade. She writes pieces on various law topics that she hopes could help the common reader with their concerns. She enjoys playing basketball with her sons during her free time

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