The stock market took a beating last week. It appears that fears of a burgeoning economy may lead to interest rate hikes. This effectively led to the Dow Jones Industrial Average losing a considerable amount of points this week. This week’s losses mark a third consecutive week where value has been lost. It appears that the gains realized from the beginning of the year have been wiped out.
People are in business to make money; that much is easy enough to understand. However, the road to success in business is not always paved in gold. In fact, it can be fraught with more cracks, potholes and backed up with more traffic than I-10 on a Tuesday afternoon. Indeed, being in business can be fulfilling and profitable, but knowing what can get you into trouble and when you can seek remedies is just as important.
For businesses, being in a lawsuit brings the potential to realize damages that extend far beyond the courtroom. Legal battles (and scandals) could put a company’s market share in jeopardy since public trust is also a valuable commodity. Sometimes scourge of a public scandal is unavoidable. We’ve seen it with Uber (troubling sex discrimination claims), United Airlines (images of a mistreated passenger going viral) and Volkswagen (a decade of cheating on emissions tests).
The fallout from the Volkswagen fraud case is apparently turning into further business opportunities for the State of California and vulnerable communities. As part of the multibillion dollar settlement between state and federal regulators and the German automaker over the decade long hoax over its diesel engine efficiencies, Volkswagen will be tasked with expanding a clean vehicle infrastructure across the state.
While the market has not shown much of the volatility that investors came to expect over the past few years, abrupt changes to the market can threaten investors’ confidence and lead to further financial turmoil. Because of this, prudent businesspeople plan for market tremors. In the same vein, small business owners can safeguard their company’s holdings when the market goes awry. This post will highlight a few options.
Imagine that you are a small business and you are trying to grow into a successful company. In order to do this, there are a lot of factors that need to fall into place just so. You need a great product or service; you need to implement that product or service efficiently; and you need to have a great reputation as a company with good customer service and dependable products. It is very difficult to achieve all of these factors.
So much can be at stake in competition between businesses. Thus, it is of little surprise that such competition can get rather heated. In the midst of such heated competition, there are many different tactics a business may turn to try to get a leg up on their competitors.
Fraud can be devastating to a business. For one, it can be a major drain on the financial resources of a company. Also, fraud within a business can destroy trust among important players in the business, such as partners in the business. Trust among these individuals can be an incredibly important thing for a business. Thus, fraud has a real potential to throw a company off the rails.
If a California business owner is dissatisfied with the performance of a business partner, certain actions can be taken to resolve the dispute. How the situation is dealt with depends on a variety of factors, including how the business is organized and the contents of any written agreements regarding this kind of situation.