Taking your first tentative steps into the world of business can be a thrilling time. But, you need to make sure that you are compliant and avoiding lawsuits. Yes, the law is something that you will have to become very familiar with if you want your business to be a success.
There are some things that you can do to avoid the perils of lawsuits. What’s more, they are fairly commonsensical once you think about it. You don’t need to spend your budget on becoming au fait with the law. Rather, you need to have a commonsense approach to your business.
Take a Look at Your Contracts
Okay, so you’ve signed a new client or supplier. It’s an exciting time. What happens next? Are you going to blindly trust everything that they say and hope that you get paid? Or, are you going to get your legal eagle to check your documents? We sincerely hope that it’s the latter. Commercial discussions are a fundamental part of any business. You don’t have to be running a million dollar empire to have a good lawyer on your side. Make sure that all contracts are checked over by your attorney. That way, you won’t be surprised with anything that comes your way.
Remain Health and Safety Compliant
Many people disregard health and safety as a start-up venture. This is madness. You need to ensure that you are compliant so that you don’t suffer any personal injury claims within your business. Aside from the obvious PR scandal, you need to ensure that you are creating a safe working environment for your employees. Whether you have four or forty people working for you, health and safety is a must. Slip and fall accidents can be costly for your fledgling empire. So, make sure that you are completing risk assessments and getting a good team of health and safety experts in to check the place out. It’s simple, really.
Hire and Fire With Care
HR can be a big thing to manage as newbie to the business world. But, if you want to ensure that you are not embroiled in a union scandal or risking discrimination lawsuits, you need to ensure that you are hiring and fitting with care. Get in registered and trained HR reps. You can even outsource this function if you don’t have the business demand for a full time employee. Make sure that you are avoiding litigation by doing things correctly. After all, consulting with a lawyer and HR representative is a must before you ‘let someone go’. Nothing spurs people on to a discrimination case like being fired.
The Customer is Always Right
Sure, the customer can be wrong. But if you want to avoid a lawsuit, they are always right. Within reason. Customer disputes can be a problem in new businesses. But, if you have a customer facing business, the right insurance policy will ensure that you avoid costly lawsuits. Do make sure that any complaints handling procedures are set up to the highest standard. Ensure that you are giving thorough and quality customer service. Yes, it can be a pain. But, you need to ensure that you are not in receipt of a lawsuit for a disgruntled client who thinks that they have received a faulty product.