Show me the money!

Show me the money!

Have a business that provides goods or services on credit? If so, it’s quite possible that you have some customers that have fallen behind on paying their invoices. While it’s all well and good to give customers some leeway from time to time, cash flow is important to the survival of your business, not to mention the time wasting that goes into chasing up those pesky outstanding invoices from your customers.

With online sales booming, bricks & mortar retail is more relevant than ever

With online sales booming, bricks & mortar retail is more relevant than ever

In the age of rapid online growth, Bricks & Mortar is more relevant than ever. While, in 2017, traditional retail channels grew by only +2.5% vs. online at +18.7% (c.f. Australia Post, Inside Australian Online Shopping) we must consider the way in which those dollars were spent, and what infrastructure and technology enabled the transaction to happen.

There's over a billion feet that need some Australian designed, Egyptian Cotton socks!

There's over a billion feet that need some Australian designed, Egyptian Cotton socks!

One of our key strategic deliverables is to grow in new markets through new channels and continue to learn and understand about opportunity beyond our knowledge bank. One market we have been keen to explore is China. Why? Simple, there’s over 2 billion feet there!

Tips for negotiating and finalising commercial and retail leases

Tips for negotiating and finalising commercial and retail leases

Negotiating a commercial or retail lease can be a daunting and confusing experience for many business owners, and particularly for first-time tenants. In this article, we will break down the process and some practical aspects of lease negotiations. It is important for both parties to a lease to actively participate in lease negotiations to ensure that their interests are adequately protects and that there is sufficient clarity in the lease.

Retail or Commercial Lease: Does It Matter?

Retail or Commercial Lease: Does It Matter?

One of the first issues for you to get to the bottom of when negotiating a lease for your business is whether the lease is a commercial lease or a retail shop lease. To non-lawyers, this may seem like a minor or unimportant distinction and an unwelcome distraction from the substantive terms of the lease.

So why does it matter? The classification of your lease can have a significant impact on your rights and obligations under the lease, and how such rights can be exercised.

Commercial and Retail Leases: Not simply a box-ticking exercise

Commercial and Retail Leases: Not simply a box-ticking exercise

At some point almost all growing businesses will require a commercial or retail lease. As the ‘home’ for your business, commercial or retail premises provide you with a space and base from which you can grow and implement your ideas, Finding and committing to the perfect premises can be a daunting step, but can play a key role in your ongoing success.

Don’t just shake on it - write it down!

Don’t just shake on it - write it down!

Last year, around this same time, I made a little wager with a friend (let’s call him ‘Ollie’, because that’s his name!) on the outcome of the AFL Grand Final - he was on the Adelaide bandwagon, while I was with the Tiger Army. Unfortunately, in making this wager, I made a crucial mistake - I sealed the deal over a handshake, and not in writing.

Employees and social media: tips for navigating a HR minefield

Employees and social media: tips for navigating a HR minefield

It’s no secret that the line between work and personal life is becoming increasingly blurred, particularly in the startup world where founders, employees, advisors, investors and clients are often friends or connections beyond the boundaries of the business. In this environment, employee engagement in social media can be a powerful tool to help companies increase their reach and engagement online and can improve how their brand is perceived.

Reforms of Victoria’s renting laws

Reforms of Victoria’s renting laws

In late 2017, the Victorian government announced a sweeping set of reforms to the Residential Tenancies Act 1997, in an effort to ‘make renting fair’. These reforms have been passed by both houses of Victorian Parliament in the last fortnight, and are due for Royal Assent by the Govenor in the coming weeks, with the reforms to be rolled out progressively. With one in four Victorians renting, it is important for tenants and landlords to understand their legal footing in light of these new amendments.

Eliminating sexual harassment in your workplace - for every founder, owner, CEO and Board Chair

Eliminating sexual harassment in your workplace - for every founder, owner, CEO and Board Chair

At Law Squared, we are passionate about helping our clients ensure that they never end up on the front page of the news for the wrong reasons. As a firm of entrepreneurs and lawyers, we help our clients grow fast, and because we work within a network of like-minded businesses, who share our ethos and values, we know that you’ll get it when we say sexual harassment has no place in your business.     

It’s time! Equity crowdfunding approved for private companies in Australia - What you need to know

It’s time! Equity crowdfunding approved for private companies in Australia - What you need to know

For the startup sector, it’s the good news we have been waiting for. After two years of anticipation, on 12 September 2018, the Federal Parliament passed the Corporations Amendment (Crowd-sourced Funding for Proprietary Companies) Bill 2017 (Cth). Crowd-sourced funding (CSF) is a form of funding that allows entrepreneurs to raise funds from a large number of investors.

Calling out bad behaviour in the legal profession

Calling out bad behaviour in the legal profession

Bad behaviour is an all-too-common occurrence in the legal profession - but why does it have to be? This behaviour is a by-product of a ‘big boy, big pants’ mentality that a number of practitioners have, and it is not beneficial for the profession. Clients want lawyers who work to achieve the best outcome and are solution-focused, not those who are intent on using difficult tactics to Intimidate, harassment and humiliate the lawyer on the other side.

Questions to ask - when signing a commercial lease

Questions to ask - when signing a commercial lease

Taking on a commercial lease might just be a much bigger commitment than you realise. Even the relatively small weekly rent of $400 a week can run to well over $100,000 during a five-year commitment. By having a savvy commercial lawyer look over your agreement, you create insurance against any minor issues blowing up into liabilities that your business doesn't need. You're also creating peace of mind that your business has a strategic headquarters to propel its future growth.

Questions to ask - when buying a business

Questions to ask - when buying a business

Buying a business is a lot like buying a car. It looks great, but there's a lot of funds behind the scenes that you can't see. Popping the hood on what looks like a Porsche is essential to ensure that you're not driving away in a lemon.  Doing your due diligence before taking the plunge is key to ensuring that you don’t end up doing your dough.

Questions to ask - before hiring an employee

Questions to ask - before hiring an employee

Great candidates can be the difference between your business finding new opportunities and markets or a period of stagnation (or worse) while you sort out personality problems. As a start, it's important to think about what kind of role you are interviewing for and then plan your questions (and format of the interview) accordingly. Asking the right questions is your secret weapon for identifying the best candidates to take your business forward. 

Questions to ask - before considering raising capital in your startup

Questions to ask - before considering raising capital in your startup

Raising capital can be the difference between an extended time on the sidelines and kick starting your company's growth trajectory. Raising capital isn't a forgone conclusion; however there are several parts of the process which can be both time-consuming and challenging. Overall, know your limitations and trust your intuition.

It's time to do away with gendered language

It's time to do away with gendered language

With the rise of the #MeToo and #TimesUp movements towards achieving gender equality, gendered language has become an outdated practice in legal correspondence and contract drafting. For lawyers, our written language is our bread and butter, and the words we use in our documents and correspondence can have a powerful impact on the perception and status of women in professional contexts.

Top 5 Legal Tips for brewers and breweries

Top 5 Legal Tips for brewers and breweries

In the last few years we have seen a significant spike in boutique and micro breweries popping up. This is great for the local city social scene and also to see different beer varieties and experiments taking place with boutique breweries and beer taking prime position in some of the cities greatest bars and lounges.