Guide My Business - Team

Have you ever bartered before?

Bartering (aka: a trade) is when you choose to trade goods and services with another business.

Simply put, bartering when two businesses trade goods or services of EQUAL value.

In the context of entrepreneurship, this usually happens at the beginning of your entrepreneurial journey, when your business is young and on a tight budget.

Your trades shouldn’t just be handshake deals without any expectations or protections. Just because you're not “paying” for a product or service doesn't mean there’s not an energy exchange or true value in that exchange.

Raise your hand if you have ever been part of a trade 🙋🏽‍♀️

Boundaries are only as strong as your reinforcement 🔥

Our rule of thumb – make it easier to reinforce your boundary then it is to break it.

That's why our team each uses the following text shortcut (under Keyboarding in settings):

All we have to type it “byemail” and the following message is automatically populated in its place.

“Hi, thanks for reaching out. Friendly reminder Guide My Business observes a no texting rule with clients. Please send this to me via email ([email protected]). Email communication better allows our team to respond timely, more fully, and keep records of our conversations. I will be looking forward to your email.”

Did you know that there are potential liabilities associated with alcohol consumption at employer-sponsored events?
In addition to common law theories of negligence, there’s a law called “social host” or “dram shop liability.” This law holds alcoholic beverage providers liable for injuries caused by intoxicated individuals (your employees).
SO, WHAT’S THE BEST WAY TO REDUCE THE RISK OF ALCOHOL-RELATED INCIDENTS?
Here are some things you can do:
👉 Consider holding the event at a restaurant or other off-site location
👉 Hire a professional bartender or caterer
👉 Limit the amount of alcohol to be served
👉 Provide alternative transportation
👉 Encourage your employees to look out for one another
👉 Determine if you can purchase insurance covering the dram shop law

What are the things you’ve been implementing or will do in your next party with your team?

If you’re enjoying what you are reading, feel free to join our email list and get first hand updates with our podcasts and new topics we’ll be sharing with you. 📧

Here’s a catch regarding legal updates that you should know about!

President Joe Biden signed last July 9th of 2021, an executive order on promoting competition in the American economy. This executive order encourages the Federal Trade Commission (FTC) to make it easier for people to switch jobs by banning or restricting non-competes.

Other than that, the EO seeks to address agreements that may unduly limit a worker's ability to change jobs. Mostly private sector businesses have required at least 30 million employees to sign non-competes — affecting construction workers, hotel workers, and blue-collar workers (not just high-level executives).

As it made sense to entrepreneurs about their investment in the employee, their intellectual property, their confidentiality, and their goodwill, FTC came to a point where they need to consider adopting rules that will “limit and curtail” Non-compete Agreements.

Since there’s still no concrete rules about this, what our team knows is that the federal government is attempting to preempt state law on non-competes.

The executive order doesn’t require any immediate action by employers, so rest assured, we’ll stay on top of these updates.

Feel free to join our email list and stay updated with our podcasts and new topics we’ll be sharing with you.