Philadelphia Business Lawyer Sarah E. Holmes
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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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    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
 

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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