Companies in Texas often go to great lengths to protect their proprietary information. Many businesses, especially ones just getting started, often have important information they don't want to be made public. This knowledge can include everything from creative or manufacturing methodologies to unique in-house technology. While legal options are available to both start-ups and existing businesses looking to protect important trade secrets, there are some important facts about this type of intellectual property (IP) about which newly launched businesses should be aware.
In an effort to run a business more efficiently, an organization may choose to merge with a competitor. Acquiring or merging with other companies in Texas can be a complex process. The first step is the due diligence process, during which each side learns more about each other and the proposed deal itself. Ideally, companies will review all aspects of the deal including its financial and technological impacts.
Small business owners in Texas and across the country are increasingly optimistic about the future of their small businesses. In the 2018 Small Business Index for the third quarter of 2018, polls showed a 15-year high in optimism among business owners. The score marks its highest point since the index began in 2003. Of the small business owners who were surveyed, 78 percent said that their financial situation was at least somewhat good. In addition, 69 percent said that they had a positive cash flow while 77 percent anticipated that 2019 would also be a good financial year.
Texas entrepreneurs know that good businesses are built on decisions based on facts. However, when it comes to getting financing for a small business, owners may rely more on their intuition as opposed to what they know to be true. For instance, some believe that a new company cannot get financing. The truth is that microloans, crowdfunding campaigns and small business credit cards can be effective ways for any organization to raise funds.