Articles Tagged with “business planning”

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Companies who are engaged in the business planning process are likely aware of how important lease agreements can be both during business formation and throughout the life of a company. Recently, a California group voted to approve a new lease agreement that would grant USC the authority to supervise ongoing operations for the LA Memorial Coliseum. The master lease must still be approved by multiple state agencies, however. Some lease agreements can take longer to negotiate than originally estimated.

The lease agreement would grant USC the right to manage day-to-day operations of the facility; however, the Coliseum Commission would still act as landlord. Apparently, some groups are not completely in favor of the proposed master lease as it stands. The LA Times and a first amendment group called Californians Aware previously filed suit in court requesting that a new vote be held. According to them, the Coliseum Commission failed to meet state law requirements for holding meetings that were open to the public.
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Regulatory compliance can be an important topic when it comes to business planning. Most California business owners know just how important it is to follow regulatory compliance guidelines in order to avoid potential penalties from governing bodies like the U.S. Securities and Exchange Commission. Sometimes, however, SEC penalties might have a less devastating effect than an unhappy client who leaves–and makes that exit well-known to other clients.

Some investment advisers know this fact all too well. While many focus on the obvious threat of Washington regulators who can make their business lives a lot more difficult in the wake of perceived regulatory noncompliance, the truth is that one dissatisfied custodian for a client can sometimes do far more monetary damage than simple governmental penalties. In a situation where a brokerage firm who acts as the custodian of a client’s securities and sees what they think are too many red flags, the consequences to that adviser could be devastating.
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Intellectual property is an incredibly valuable asset for almost any organization, especially when innovative designs and processes are at stake. Intellectual property includes anything from patents and trademarks to copyrights and trade secrets. For start-up businesses or even businesses that are already in operation in California, it’s important for owners to understand the importance of intellectual property.

When it comes to intellectual property, businesses want to ensure that they do not ‘contaminate’ their own trademark by using similar designs or information from other companies. It is critical that upon creation of one’s business that everything is done from scratch and is researched to ensure that it isn’t similar to any other business out there. Otherwise, a company could run into disputes, especially when that company gets off the ground quickly and successfully.
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Companies often face unexpected market conditions that may cause them to change their plans. While it is not always possible to plan for every contingency, it may nonetheless be possible to create a well-rounded business plan that allows a company the flexibility to react quickly and effectively. California-based business startup BrightSource Energy recently experienced this first-hand.

BrightSource is a solar thermal company that builds large solar electric generating systems in desert regions. Currently, its flagship project is a 392-megawatt facility that it is constructing in the Mojave Desert, and which will be the largest solar thermal power plant in the world once construction is finished in 2013. It also recently received a $1.6 billion loan guarantee from the Department of Energy and was due to issue an IPO soon.
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When deciding to start a business, there are number of considerations that may need to be taken into account. For example, there may be business formation issues relating to inventory control, staffing and leases. One California small business, though, decided to ditch all that when they took their bakery and catering business to the web.

Although many small businesses have an online presence these days, they typically do not involve freshly baked produce. However, after examining their options, one Sacramento-based business decided to go the online-only route. They now operate two websites: one that delivers personalized cakes and baked goods overnight to all 50 states, and another that specifically targets the local area and delivers the food directly to a home or office.
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The formation of a business consists of setting goals and considering various issues such as tax implications and business management styles. Once a business is up and running, business transactions and contract drafting and formation are a large part of the growth of a company.

Recently, a Chinese electronics maker signed contracts with three California businesses to buy $6 billion worth of parts. The companies include Avago Technologies in San Jose, Qualcomm in San Diego and Broadcom in Irvine. They will provide microchips and other components to Huawei Technologies Co., which is one of the world’s largest providers of Internet and telecom technology. No information of cost was revealed about the contracts.
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