Philadelphia Business Lawyer Sarah E. Holmes
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Registration Now Open - 2019 Business Planning Mastermind

11/19/2018

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2019 Business Planning Mastermind
Only 8 seats available

Need to plan for success for 2019? Attend this half day business retreat and get your financial, business and marketing plans together for 2019.

Thinking about starting a new line of business? Unsure what your revenue for 2018 means for 2019? Want to expand next year but need some new ideas? Thinking about hiring more staff but not sure if you can? Have you been meaning to get that marketing calendar in place all year and still too jammed to give it much thought?

Join me and an intimate group of other small business owners for a round table mastermind. In this 3 hour session, we will:
  • establish financial, marketing and business goals for 2019;
  • get ideas for new lines of business and increased revenue;
  • discuss your current operations to test efficiencies
You'll leave with a solid plan to get 2019 off to a great start.

Location:
40 E Montgomery Ave
4th Floor
Ardmore, PA 19003
​Cost: $97

Tuesday, December 4, 2018 from 9am to noon

Breakfast included.

To register, send an email with subject line: Mastermind Registration. Payment is due at time of registration.

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How to Start Planning For 2019 Success- Top Five Topics to Review in Your Business Before Year End

11/9/2018

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It's almost the end of 2018! Did you hit your business goals for this year? Where is your revenue? How much will you owe in taxes next year?  As we rapidly approach December 31, it's time to take stock of 2018 and use what worked well and what didn't work so well to get ahead for a super successful 2019.

What should you be reviewing at year end?

1) Financials: if you haven't updated your books in months, or have no idea when you last looked at a P&L, you need to get on that, stat. Regularly reviewing your financials should be a daily habit in your business.  If it isn't, make sure it's a top priority for 2019.

2) Contracts. If you're a service provider, are you using contracts at all? If you aren't, that's problem number one.  You should be using written agreements with clients. If you have a contract, when was the last time you had it reviewed, if ever?

​Here are some red flags your contract isn't working for you:  not getting paid on time, not getting paid at all, clients not providing you with information timely, doing extra work and not getting paid for it.

3) Employees and Contractors. What kinds of agreements are you using with those that work for you? Do your contractors have proper written agreements in place? Are you using Non Disclosure Agreements (NDAs)? What will prevent an employee from stealing your clients?

​4) Intellectual Property (IP). How are you protecting your business name, slogans, logos and work product? Do you have any registered copyrights or trademarks? Do you occasionally search to see if anyone else is using your business name?

5) Make a plan for 2019. Break out 2019 by quarter and write out your goals for revenue, hiring and marketing. This way, your brain can start now trying to formulate ways to reach your 2019 goals.

Need help getting a strategic plan in place for 2019? Want a contract reviewed? Book a year end planning session now and $50 of your fee will be donated to Toys for Tots.

Our business law office has convenient locations in Philadelphia and the main line.

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Is Your Health and Fitness Coaching Business Ready to Franchise?

11/7/2018

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You started with a dream of helping people meet their health and fitness goals and live their best life possible. Now several years down the road after many long days and 7-day work weeks your Health and Fitness Coaching business is really starting to take off. Business is booming, and you are faced with the question of do you try to run additional locations on your own or take on partners. Now might be the perfect time to leap into franchising, but first make sure you can answer these four key questions.
 
Is Your Brand Clear and Easy to Share?
 
A franchise requires more than just a great idea. As the owner you should have a clear idea of what your brand is and what you do before seeking to build a franchise. Franchises are all about systems, your Health and Fitness Coaching business must be branded and systemized before considering a franchise.
 
Can You Replicate What You Do?
 
You are the vision and backbone behind your successful Health and Fitness Coaching business. Before considering a franchise, you need to make sure that someone else is going to be able to successfully replicate your business model without you being involved in the day-to-day operations.
 
Do you Work Well With Others?
 
In order to build the systems that will make your Health and Fitness Coaching franchise a success, you are going to need to reach out to and work with experts in a number of areas. Will you be able to take possible criticism and structure changes to your current model of doing business in order to build a successful franchise plan?
 
Is Expansion Realistic?
 
You already put in late hours and long weeks, unfortunately building a franchise will add to this workload in the short term. Eventually franchising might create more freedom for you as the owner, but you need to be realistic and decide if you are ready to work even harder in the short term or if the local success of your Health and Fitness Coaching business is enough for now.
 
 
Still have questions about building a franchise or ready to take the next steps? A consultation with a Business Lawyer is a great starting point and we are happy to help!

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    Author

    Sarah E. Holmes is a Philadelphia business attorney and strategist that helps start ups and established businesses looking to expand, protect their assets and increase their profits in an approachable, down-to-earth way.  When you're looking for a business lawyer in Philadelphia, the Main Line or New Jersey, we can help.

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Holmes Business Law, P.C.
​Two Convenient Locations- Main Line and Center City
40 E. Montgomery Avenue (all mail)
4th Floor
Ardmore, PA 19003
and
1515 Market Street
Suite 1200
Philadelphia, PA 19102
215-482-0285
 

info@phillysmallbusinesslawyer.com

All site content is subject to copyright 2021 by Holmes Business Law P.C.
This website and its content herein constitutes attorney advertising.  Any content on this website should be construed as informational, not legal advice.  No information on this website is intended to create an attorney-client relationship.  Only a signed fee agreement between Sarah E. Holmes and the client will establish an attorney-client relationship.  Use of any information on this site is provided "AS IS" with no warranty of any kind, either express or implied.  Always consult with a licensed attorney in your own state for legal advice.
Photo used under Creative Commons from AK Rockefeller
  • Home
  • Attorneys & Areas of Law
    • Business Entities >
      • Corporations
      • Limited Liability Company (LLC)
    • Business Immigration
    • Business Purchase or Sale
    • Raising Capital & Investor Agreements >
      • Promissory Notes and Debt Financing
      • Private Placement and Equity Financing
    • Business Contracts >
      • Consulting Agreement
      • Employment Contracts
      • Independent Contractor (1099) Agreements
      • Website Terms and Privacy Policies
    • Copyright & Trademark
    • Hiring Employees/NDA/Non Compete
    • Estate Planning & Wills
    • Commercial Real Estate >
      • Commercial Lease
    • The Right Start Program
  • About
    • Speaking and Events
    • Client Testimonials
    • Privacy Policy/Terms of Use
    • Contact
  • Business Success Tips
  • Flat Fee Packages
    • New Businesses
    • Existing Businesses
    • Dispute Resolution
    • Trademarks & Copyright
    • Estate Planning
  • COVID-19 HELP