Home warranties are intended to be insurance policies to protect against home system breakdowns. Prior to purchasing a home warranty, obtain a copy of the warranty to review and ask questions about coverage. Consider the following: Just like every insurance policy, warranties have exclusions. Determine what exclusions apply. For example, bathroom plumbing may be warranted, but the steam room or jacuzzi may be Read More
Heating Ventilation Air Conditioning (HVAC) Warranties
Prior to buying a new system, read the warranty, so there are no surprises when you need to use it! As with any warranty, ask questions about coverage of specific parts and the labor associated with repairing or replacing parts/components. An HVAC warranty should clearly explain coverage for labor and all service call charges included and excluded, including any minimum charges for labor to replace a Read More
Heavy Equipment Warranties
To reduce risks at construction sites, where heavy equipment is relied upon daily, it is vital that all equipment warranties are understood. Here are a few significant points to consider when purchasing a heavy equipment warranty. What is covered and what isn’t – You want to budget for potential repairs to any major equipment, and in order to do so accurately, you need to know what is or what isn’t covered under Read More
COVID-19 & Business Insurance: Coverage of Business Income Loss
As I mentioned in our May 2020 Blog, the COVID-19 pandemic has generated concerns about many types of agreements. This month I decided to focus on business interruption in commercial insurance policies, also known as business income loss coverage. A bit of insight into the world of insurance may help you successfully pursue a claim to cover the loss incurred due to COVID-19. Of course, much of the insight comes Read More
COVID-19 & Contracts: What are my options?
COVID-19 has forced us into the unexpected with our personal and professional lives. With an event as extreme as the COVID-19 pandemic, there are concerns about all kinds of agreements, insurance, mortgage, debt obligations, lease, domestic relations, and vendors, to name a few. Because nearly every agreement in our lives has been substantially affected, many of us are at a loss for what to do. Understanding your Read More
What I didn’t know about winning as a professional athlete but soon learned as a business owner.
How systems help you maximize performance and help you fulfill your mission and reach goals. As a professional runner, I relished the freedom of an unpredictable day: do what I want, how I want, when I want. Hard to believe but freedoms like these can led to paralysis in making daily or long-term decisions. As a competitive runner, my focus was to maximize performance to be competitive and strategize to Read More
Are you thinking of starting a business in Arizona?
Are you thinking of starting a business in Arizona? You should be, now is the time to fulfill needs that are currently being unmet by the traditional way of providing services and products. Perhaps, you are thinking about a side hustle, or are interested in purchasing a business, or creating a second on. Here is a checklist to help you get set up: 1. CHOOSE A NAME Choose a name for the business entity and search it Read More
Business Ownership Dispute
Can I sue another member of the limited liability company (LLC)? Governing documents for an LLC, the “operating agreement”, should provide detailed information on how most ownership disputes within the business should be dealt with by a fellow member. An operating agreement can direct that each member be held responsible for wrongdoing to another member, so that one member can take legal action against another Read More
New Vehicle Repairs? 5 Things You Can Do to Protect Yourself
New car/truck repair problems? Five things you should do if you have repair issues with a new or leased vehicle: Repair issues after a major investment in a purchase or lease can be frustrating and stressful. It can have a significant impact on all aspects of your life: work, commuting to work, school, family transportation. You just got the vehicle and the check engine light is on? That’s why we make investments in Read More
Business Plan and Growth-How is it all supposed to work?
As you might know a budget plan is key to planning growth, getting cozy with “your numbers” in your budget (your revenue, and expense needs) is vital for planning growth and profit. Your business plan is your bible for decision making, it should be current to help you make daily decisions. A business plan doesn’t have to be complicated, it can be very simple. The business plan should explain: the why the business was Read More
