29 - Small business mediation
Unlocking the Power of Mediation for Small Business Disputes
In this episode of Business Know How, host Melissa Bush, delves into the intricacies of mediation—a crucial alternative dispute resolution method for small business owners. She explains the mediation process, its benefits over litigation, and the specifics under the new Australian Mediation and Dispute Resolution accreditation standards. Melissa also covers the legal areas where mediation is mandatory, offers practical guidance on choosing a mediator, and emphasizes the importance of acting early to prevent disputes from escalating. Whether you're dealing with lease disputes, franchise conflicts, or contract breaches, this episode provides essential insights to navigate and resolve business conflicts effectively.
00:00 Introduction to Business Know How
00:58 The Importance of Mediation for Small Businesses
01:51 Understanding Mediation: Process and Benefits
02:44 The Mediation Process Explained
07:41 Legal Requirements for Mediation
10:24 Comparing Mediation and Litigation
11:41 Key Takeaways and Final Thoughts
14:04 Conclusion and Personal Note
https://www.smallbusiness.nsw.gov.au/about-us/our-work/mediation
https://qsbc.qld.gov.au/factsheets/mediation/
https://www.vsbc.vic.gov.au/dispute-resolution/how-mediation-works/
