Blog Archive
“The Effective Therapist”
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The Effective Therapist - October 2009
Regulatory Issues
Written by Neva Quantz
Regulatory Issues
(1-3 pages)
What kind of regulatory issues, other than the standard Business regulations of your area, does your particular industry pay heed to?
• Have you taken appropriate steps to make sure your intellectual property is covered by current copyright laws?
• Your particular Branding and Trademark issues need to be clearly stated.
Regulatory Issues
• What business licensing is required?
• Are you required to be registered with a professional association?
• What are the ethical rules of business conduct held to by said association?
• What are the monthly or yearly costs and time involved?
Risks (1-3)
Clearly define the inherent risks your venture will be facing and how you plan on mitigating these risks. Have you thought it through?
What will you do if…?
Market Risks
Some things to bear in mind
• economic status – bullish or bearish?
• credit crunch for both your venture and your potential clients?
• social unrest – is your region in a state of war?
• natural disasters?
• demographic, geographical limitations
• consider all likely possibilities and have a plan of action
Other Risks
Some more things to have a grasp on include:
• Potential for lawsuits, can you be sued both for breach of contract and tort liability?
• and what will you do to protect your venture?
• Cash flow problems and what will you do to minimize this potential?
Once again here are some helpful websites to keep in mind:
Here in North America we have several wonderful websites that will help you in your research.
- Industry Canada: http://www.ic.gc.ca/ic_wp-pa.htm
- USA Government: http://www.usa.gov/Business/Business_Gateway.shtml
For those of you in other areas of the world here are few links
- Australia: http://www.australia.gov.au/
- United Kingdom: www.direct.gov.uk/en
A good GOOGLE search for your applicable country is “your country government gateway.”
Next month we will discuss the Implementation Plan and the Financial Plan Sections of a Business Plan.
Best Regards,
Neva Quantz