Businesses Large and Small

Business city

How to Evaluate the Small or Large Businesses?

 

When it comes to defining the size of business, it is very crucial to take into account the average annual revenue of a company as well as the total number of employees. Typically, the large or giant corporations are the ones, which employ at least 500 or even more individuals and generate average annual revenue of approx. $7 million; on the other hand, the small business firms or organizations are the ones which employ less than 50 employees or generate revenue less than $5.6m. Likewise, if the total numbers of employees are between 50 and 250 and they generate revenue more than $5.6m, it can be considered to be a medium-sized business. However, there are a few exceptions to the standard parameters in the selective business sectors.

Understanding the Key Differences Between The Large and Small Businesses

To categorize the small and large sized businesses, it is crucial to recognize the character of each business organization. This is because every business organization has their unique nature, which must be taken into consideration. However, there are other factors as well which come into play. Apart from the structure and number of employees, the other factors are as follows:

• Employee Salary or Packages: Many people tend to disagree with the fact, that the giant corporations usually offer a higher salary or package to the employees. Others offer their employees an array of perks such as gym membership, healthcare, conveyance, etc.

• Culture: The nature of the operation, as well as the culture, is strikingly different in the case of the large and small business firms. In the case of the start-ups or small business firms, each and every decision is very crucial; on the other hand, the giant corporations are more open towards risks. The startup owners are by nature conservative and tend to strive hard to retain back their existing customers. However, these days any large business firms too, are now trying to follow the strategies of small business owners. Long term planning, followed by a candid analysis of the risk factors tends to benefit the business firms, irrespective of their size.

Examples of Large Business Firms:
Apple
• Facebook
• Google
• Walmart Stores
• Delaware General Corporation Law

Examples of Small Business Firms:
Air Force One
• Balsam Brands
• ENT Institute
• Konicek Law
• Tasty Catering

Advantages of Larger Business Firms Over Small

Compared to the start-ups or small business firms, large business firms tend to inherit an array of benefits. Since they are established for several years, they usually have greater funds, resources as well as existing customers. This inevitably enables them to generate higher profit through repeated business and sales. Apart from these factors, the additional advantages include stronger brand value, better human resources, the economy of sale, etc. Purchasing the goods at wholesale rates enables them to set the prices relatively lesser than the small businesses. Thus, they can inevitably increase their profit margins with constant sales.

Examining the differences of the business firms is not an easy task. Each and every factor must be considered, alongside analyzing the nature of each business to categorize them.

Jump to top

Attention Lawyers: See How The Ashley Madison Hack Can Help You

One of the most spectacular incidents involving cyber security and data breaches has been unfolding since mid-2015. The network intrusion and blackmail of Avid Life Media, the Canadian internet company that owns and operates the infamous Ashley Madison dating website, clearly illustrates the dangers of data theft and the new dimensions of cybercrime in the 21st century.
The Ashley Madison data breach should be of special interest to family lawyers for various reasons, one of them being that it presents a good opportunity for online law firm marketing. The bottom line for family law practitioners is that the Ashley Madison data breach has resulted in numerous divorce proceedings and custody cases filed by clients whose decisions to retain counsel were based on internet searches about the case.

Ashley Madison and the Law

Ever since the initial reports of the Ashley Madison hack came to light in 2015, online news coverage of the incident hasn’t stopped. Attorneys from the United States and Canada have appeared on television news broadcasts as subject matter experts explaining the legal ramifications of this case, and the topics of divorce, child custody, and alimony have been widely discussed.

In February 2016, the North Carolina Lawyer Assistance Program published an interesting blog post detailing the legal aftermath of the Ashley Madison scandal, which specifically mentioned three major stages:

1 – Class action lawsuits against Avid Life Media, which was surprisingly founded by an attorney who work represented professional athletes. The basis of these lawsuits include breach of privacy claims.

2 – Would-be extortionists searched the publicly available data of exposed cheaters and demanded cash to prevent the widespread publication and online shaming. Some of these blackmail attempts resulted in law enforcement investigations, and thus some criminal defense attorneys were busy.

3 – Family law firms started to receive lots of inquiries about divorce filings just two weeks after the incident was reported. One attorney in Virginia explained that he was interviewing up to 10 prospective clients a day.

Ashley Madison Searches

At the peak of the Ashley Madison scandal, search engine giant Google reported up to a million queries per day. Although the search volume has decreased since then, the case was still making the news just before Christmas 2016, when the Federal Trade Commission announced a settlement agreement with Avid Life Media for $1.6 million.

Many of the searches related to Ashley Madison are from people who either know or suspect that their spouses were part of the leaked database; these are people who would like to weigh their options with regard to dissolution of marriage.

Family law professionals who stand to gain the most from the Ashley Madison fiasco are those who feature content related to it. This could be in the form of blog posts following the case or a section that explains what people should do if their loved ones are on the database, or if their own information has been compromised.

As can be expected, the most effective content should be informative and technical; for example, what would be the best course of action if a prenuptial agreement was in place, what if there is no clear evidence of cheating, how realistic is the prospect of alimony, and other similar topics.

Read More: Protecting Your Online Identity 

Protecting Your Online Identity

While the Internet has been an amazing addition to modern life, there are problems that come along with it. One of the biggest threats that you face when you are online is having your identity stolen. If that happens, thieves can use your identity to run up big charges in your name and ruin your credit. To prevent this, you must take steps to protect your identity. Follow this guide to protecting your identity online.

1. Beef Up Your data-1590455_640Passwords

One of the most essential things you need to do is to use strong passwords for all of your online accounts. You should not use the same password for each site. Instead, you should have a different secure password for each of your online accounts. Make sure you use a combination of letters, numbers, and symbols. You should use both lower and uppercase letters. Do not use common words, your birthday or other easy-to-guess elements in your password.

2. Use Two-Step Authentication

You should take advantage of two-step authentication on any site that offers it like Facebook and Google. Two-step authentication requires you to use a separate pin number that is sent to your cell phone whenever you want to log in. It may seem like a royal pain when you are logged out, but two-step authentication makes your online accounts as secure as possible.

3. Set Up Login Notifications

Another feature you should always take advantage of when it is offered is login notification. When you have the login notification option selected on a site like Facebook, you will be notified via text message and email anytime that your account is logged into from a new IP address. This ensures that you will instantly know if any hacker gains access to your account. When you receive a login notification, it allows you to quickly change your password before the hackers can dive too deeply into the identifying information that is available on the site.

4. Do Not Store Your Credit Card Information Online

It may seem tempting to store your credit card information on retail sites like Amazon to make online shopping convenient, but it is a bad idea. If you have your credit card information stored online and a thief gains access to your account, the thief can quickly rack up thousands of dollars of charges after gaining access to your credit card information. Although it may seem like a hassle to input your credit card info each time you make a purchase, it is a lot less of a hassle than trying to clean up the mess after an identity thief steals your credit card number.

 

This is another feature offered by many websites that seems convenient but is a recipe for disaster. If you have several accounts linked together, a thief only has to hack into one account to do a lot of damage. By accessing one account that is linked to several others, a thief can quickly gain access to loads of your personal information.

The last thing you want to face is identity theft. It can take years to clean up the damage after a thief steals your identity. Identity thieves can ruin your credit, prevent you from accessing your online accounts and empty your bank accounts. Make sure that you follow these tips to prevent yourself from becoming a victim of online identity theft.

 

Assumption of Risk

What is “Assumption of Risk” and how much does it matter in your Personal Injury Case

The world of litigation is strange, full of twisting paths, ready to trap the unwary. If you or someone close to you has been sued then you know the trauma caused by litigation. It is expensive, it is time consuming, it is emotionally harrying. If on top of all this you’re not even sure what’s going on then the psychological impact doubles. Litigation can hit anyone at anytime and anyplace. It helps to understand some basic legal terms and the options available to you in terms of defense.
We are talking here about personal injury cases. A personal injury claim involves legal action against an entity (person, business, agency, government) who has by some negligent action caused mental, emotional or physical injury to another entity. For the sake of clarity, and for help with the examples presented later on in this article, the plaintiff is the person who is suing another entity while the defendant is the person who allegedly caused the injury.

Legal Options

In this article we will be talking about the options available to the defendant in terms of legal arguments for defense. If the defendant’s behavior has not been reckless or negligent and therefore there can be no substantial evidence linking the plaintiff’s injury to the actions of the defendant then it is up to the defense attorney to provide said evidence and the case is fairly straightforward. The complications arise when there is negligent behavior on the part of the defendant. In this case the defense attorney has to find a way to counteract the elements of the plaintiff’s case which involve an injury and a direct link from the injury to the actions of the defendant.

Approach

Some common approaches used by the defense attorneys in such cases are:

1. Comparative negligence which refers to the plaintiff’s actions also being taken into account and found negligent.
2. Assumption of risk which refers to the plaintiff being aware of the risks associated with his/her actions and still going ahead with the actions that caused/contributed to the injuries.

Assumption of risk can be “express” which is in the form of a written contract or “implied” which is in the form of the plaintiff’s actions or statements that might suggest he was aware of the risks involved. In case of express assumption of risk the plaintiff cannot sue for negligence on the part of the defendant. In case of implied however, the attorneys on both sides can play around a bit because they have to take the jury inside the mind of the plaintiff.
Personal injury cases in Florida follow the same principles. In case of express assumption of risk the plaintiff has a weak case and the defendant is not held responsible for the claims. For implied assumption of risk, the Florida court generally follows comparative negligence rules. This means that in the absence of a written contract in which the plaintiff accepts the risks of engaging in a particular activity, the court will judge the case on the basis of the negligence showed by both parties and the damages paid to the plaintiff will be dispensed according to the percentage of negligence determined by the jury.