Business Management Daily

Should you receive additional social security if you’ve been working part time for the past five years?

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Issue: Some courts consider agreements—signed or unsigned—legally binding contracts.

Risk: A promise by one of your managers during a phone conversation could lock you into paying for service you don’t want or need.

Action: Train managers to say “Let me see that in writing” before agreeing to anything.

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Cut way down on your keystrokes, with these Outlook tools that let you mine information that’s already in your files.

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Even in the Internet age, consumers still have a love affair with coupons. And now may be a good time to jump into the growing trend of electronically delivered coupons.

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In this post-Enron world, it’s important to show your staff (and
possibly, a court) that you’re serious about being a good corporate
citizen.

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Q. One of our employees downloads music from the Internet and uses it in PowerPoint presentations.

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Issue: Protecting your organization’s secrets from competitors and preventing staff from jumping to the competition.

Risk: Noncompetes won’t stick if they’re overly broad or cover too many employees.

Action: Determine which key employees could walk out with the most damaging information.

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You’d think wanting your work force to look healthy and in reasonable
shape would be good for business, especially if your employees work
face to face with customers or clients. Not necessarily, if a recent
court case is any indication.

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Issue: Ordinary property-loss insurance may not protect you against cyber-terrorism.

Risk: Financial ruin, if you lose trade secrets or your credibility with customers is damaged.

Action: Talk to your broker about cyber-insurance.

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Issue: Laws applying to Web site sales and promotion are evolving.

Risk: You could face civil lawsuits, government fines of up to $500,000, jail time and the loss of your site’s copyright.

Action: Audit your site’s legal compliance, starting with these five problem areas.

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