Continuing with the theme of prevention, a wise entrepreneur drafts an employment contract for each and every employee he or she hires. But a wiser entrepreneur ensures the employment contract contains all the terms of the employment agreement, leaving little room (hopefully none) for later debate.

If you aren’t thorough drafting your employee’s contract, I’ll guarantee your employee will have selective memory about the terms of the deal. Often times small business owners just print out a contract template they find via Google or Barnes & Noble. When in reality, most employment situations are unique and require custom-tailored contracts.

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