Ann Marie Puig, a business consultant and expert in global business operations, offers insight into some common legal problems new businesses run into and how to avoid them.

San José, Costa Rica – WEBWIRE – Wednesday, November 23, 2022

Legal issues are one of the most important things that a businessperson must keep in mind when starting a new company. These are the things that can make or break an organization, and it’s tragically true. Entrepreneurs could be setting themselves up to fail by not thoroughly investigating the legal aspects of their business before they start. Ann Marie Puig is a veteran business consultant and discusses the common mistakes entrepreneurs should avoid when starting a new venture.

Many entrepreneurs fail to set up the right legal structure for their businesses. This can lead to them having to seek out financial professionals, leave their organization, or be sued by a client. They could be exposed to personal risk if they do not have the right structure.

An investor’s understanding is crucial to everyone’s success when the time comes for the organization to be sold or the originator to go. Without such understanding, there will be turmoil. Asserts Puig, “Have an attorney draft an authoritative record that outlines how investors will be resolved and what happens if one leaves, gets bitten by the dust, or gets separated.”

Because they lack worker manuals, small organizations can find themselves in difficult situations. Many cases of extremely successful organizations failing to pay back claims made by previous employees are common. To plan the best human assets strategies for your organization, seek the advice of a human resource adviser or proficient software.

Private companies are being encouraged to make fun of their competitors, either publicly or privately, on the internet. You must be careful not to criticize them. Puig adds, “Seek legal guidance to determine what constitutes criticism and what is permissible speech.”

Do not neglect to obtain a trademark, copyright, or patent. Many independent companies fail to discover a way to protect their innovation until an organization steps in. Get the advice of a lawyer to take stock of your organization’s protected innovations.

Don’t get sue-happy. Individuals can sue each other and then explode. Both sides end up losing a lot of money and are unable to make a decision. It is better to negotiate than to prosecute. A great lawyer will always say something similar.

Secure your client data on the website. Hacking is more common in independent ventures. Not only is the site at risk of being taken down, but so is the possibility of losing sensitive client information. SiteLock is a service that can help you make sure the site and information are secure before it happens.

Use work computers only for your personal entertainment. Independent companies are unable to prevent employees from using the internet for personal reasons while at work. To protect the organization and other workers, block unseemly sites. Screen site usage of company PCs every now and then to ensure that they are being used in a responsible manner.

When necessary, seek out outside financial experts. Many entrepreneurs seek out outside investment if they require cash to grow their businesses. They can have problems with the way the company is run, and investors can make it difficult for a legitimate business to continue. The personality and financial resources of an investor are as important as the cash they bring to the company. However, be careful when choosing.

Finally, ensure that you properly remit the payroll tax (or sales charges) information to the appropriate government agency or entities. Independent businesses should legally gather finance and sales tax. The government will not accept these numbers and the independent venture will be shut down. To transmit employer and employee taxes, use a finance administration. For the collection of sales and use fees, create a separate record.

About Ann Marie Puig

Ann Marie Puig is a business consultancy expert. She is bilingual in Spanish and English, and provides reliable and expert business consultancy services based on years of experience. She is extremely knowledgeable in current technology, eCommerce, and a variety of industries. As a result, her clients are able to trust her to offer a more personal service. When she’s not active consulting for a business, she dedicates her time to her family and her community.

Ann Marie Puig, a business consultant and expert in global business operations, offers insight into the importance of proper organization development for business success.

San José, Costa Rica – WEBWIRE – Monday, October 31, 2022

We are becoming more aware of the fact that our world is highly globalized and that there is constant improvement. From a business perspective, this factor encourages organizations to become more competitive and stay on the cutting edge of technology. The human factor is also a key strategic component for achieving organizational development. Ann Marie Puig, a global business consultant, has identified some factors that influence the behavior and performance and can help you make plans to create an organizational climate conducive to your success.

Organizations are currently facing many problems, such as low productivity, motivation, staff turnover, communication issues, and a poor work culture. Organizational Development (OD), a series of plans and strategies for a company’s improvement, is a way to make sure that the human element is at the center.

These must be supported by tools, practices, as well as objectives. These will balance quality of life and sense of belonging. They will also help align the goals of the company with the collaborators in order to improve their productivity. It’s about increasing the performance and growth of the company.

Woo says that organizational development is a practice that pays attention to professional and personal relationships. Puig explains, “How they develop in different contexts and what factors are beneficial or detrimental to the organizational structure.” OD refers to a series of phases that include selection and recruitment, preliminary diagnosis, treatment, assessment, intervention, evaluation and follow-up.

To determine the problem, the preliminary diagnosis involves assessing the situation through interviews or surveys. It is important to have the right tools in order for employees to give honest feedback. HR managers need to develop a strategy and ask the right questions to help them draw conclusions and make improvements.

All employees should be involved in organizational development. Giving employees constant, sincere feedback is one way to build a relationship. A good idea is to have weekly one-on-one meetings between employees and employers. You can also help develop your talents by having the tools to conduct performance evaluations.

You can optimize this by using human resource software that allows for surveys. It is useful to gather doubts, opinions, and understand workers’ needs. It allows employees to quickly express their opinions and solve problems objectively and quickly.

Puig adds, “To achieve organizational development, it is essential to continuously monitor the functioning of different departments within a company.” It is also important to evaluate each employee’s job performance.

This can be done by conducting a thorough performance evaluation that identifies their strengths and weaknesses in the workplace. This will help you to identify the skills that you can use to advance and what you can do with a training management program.

The company should be able to make adjustments to avoid any further problems based on the feedback received from customers or employees. It is important to act on the information to avoid negative effects on work and results.

A document information manager is necessary in order to complete each stage. Human resources software allows you to conduct surveys, assess labor performance, and manage all corporate documents (contracts, payroll, etc.) in a secure, private, and organized manner. It is much easier to find information quickly in the document repository, and to make a quality decision based on past analysis.

About Ann Marie Puig

Ann Marie Puig is a business consultancy expert. She is bilingual in Spanish and English and provides reliable and expert business consultancy services based on years of experience. She is extremely knowledgeable in current technology, eCommerce and a variety of industries. As a result, her clients are able to trust her to offer a more personal service. When she’s not active consulting for a business, she dedicates her time to her family and her community.

Global business consultant Ann Marie Puig offers valuable insight into how industries are changing because of COVID-19 and how businesses can overcome the challenges they face.

San José, Costa Rica – WEBWIRE – Sunday, September 25, 2022

The pandemic has affected the balance sheets of many Spanish companies and has made the viability of some of them a challenge. To get ahead, they have opted to reinvent themselves, look for new lines of business, request financing and keep their employees united and connected with formulas such as teleworking. Ann Marie Puig, an entrepreneur and global business consultant, explains the challenges businesses are facing and how they can overcome them.

Now that the restrictions to contain COVID-19 are relaxed, companies are facing new challenges such as the reorganization and cohesion of their departments, the management of remote work, the retention and recruitment of talent or the restructuring of the debts contracted that have allowed them to stay afloat. A circumstance that, at the same time, is an opportunity to change our mentality and understand the crisis as an opportunity.

The changes in the world of work that have occurred since the outbreak of the health crisis have led to an increase in the work of certain departments of companies, especially in the human resources teams. These have had to reorganize workers and establish health protocols, but also in technology, which have served remote employees.

After the rise of teleworking as a formula that has allowed many companies to maintain their activity during the pandemic, they are betting on a gradual return to offices or hybrid models that combine face-to-face with remote work. This has meant a change in the needs of employees.

It is no longer enough to carry out occupational risk prevention work based on manuals. “Now workers want the company to really care about their physical, mental and social health,” explains Puig.

Face-to-face messages are more often replaced by video calls or digital communications, so companies must allocate resources to train this department in new technologies. Before, you were looking for someone who knew how to communicate. But if he doesn’t know the technology now, the professional won’t be able to carry out his task effectively.

Human resources operations have undergone a great transformation, especially in the process of hiring and training new employees, since face-to-face treatment was key to transmitting the knowledge and operation of the company, in addition to the values of the company. To ensure the training, online courses have been used, but this expert recommends resuming face-to-face training as far as possible.

Although the enthusiasm of companies for teleworking has waned in recent months, experts reiterate that applying this work methodology in a structural way increases competitiveness and promotes its digitalization, something essential in the current situation. It also offers flexibility to its workers.

“Any company, regardless of its size,” adds Puig, “will have to apply three trends if it wants to be competitive and profitable. These include technological innovation, the flexibility of professionals in their jobs, prioritizing their safety and satisfaction, and the development of new work models.

The impact that the health crisis has had on companies has led many workers to look for new job opportunities, something that businesses can take advantage of to attract talent. The companies that make the most efforts to retain their employees and attract the best candidates will be those that have a competitive advantage.

Companies that applied for loans during the pandemic to continue the business are now facing payments and although many have regained muscle, others are still recovering, which is a great effort for them. Making an assessment of the conditions of these loans is a factor that will help to soften the situation of businesses that are in difficulty.

To know if a company is able to face the payment of the debts contracted, it must pay attention to its income – not only to the current ones but also to the forecasts for the following months. At the moment, when six months from now, they will not be able to meet their payment commitments, businesses should start a refinancing process.

It is also possible to calculate a company’s default risk using its leverage ratio, obtained from the division of net financial debt over EBITDA (earnings before interest, taxes, depreciation and amortization). Experts insist that there is no exact ratio from which it is impossible to sustain a business, but they do recognize that if the debt is more than four times higher and is not well structured, it is a warning sign.

Even so, in the current context, the leverage ratio has been somewhat outdated, since it is possible that EBITDA is unadjusted by the temporary fall in sales. Therefore, businesses should make the calculation with the income of a normal year. However, given the wide variety of casuistries, analysts reiterate that it is always best to ask for external advice to restructure the loans of a business.

About Ann Marie Puig

Ann Marie Puig is a business consultancy expert. She is bilingual in Spanish and English and provides reliable and expert business consultancy services based on years of experience. She is extremely knowledgeable in current technology, eCommerce, and a variety of industries. As a result, her clients are able to trust her to offer a more personal service. When she’s not actively consulting for a business, she dedicates her time to her family and community.