Do you feel that you just don’t care about the legal aspects of your business? Is dealing with the legal risks in your business something that you don’t want to have to consider and you think can be just figured out later? We hear business owners say that they don’t care about the legal aspects of their business. Ignoring these issues is a problem for your future success as a business owner as truthfully this avoidance will cost you a lot more than you think. In this article we will discuss the two main excuses that we hear, I can just fix it later and lawyers are expensive.
The legal aspects of my business don’t matter
Most legal problems can be prevented if you act in a proactive way before they arise. All too often business owners take a reactive approach to the legal problems in their business. This costs them a lot of money as they think that they can just ignore the problems before they arise and that they will just fix the problem later. This is a dangerous path to tread as you will continue to expose your business to problems that can be avoided. These problems can end up exploding to a point where they can’t just be fixed later, and they are often irreversible.
Lawyers are a cost that I don’t want to incur
Often the investment of being proactive can seem like a lot at the time but the cost of not dealing with your legal risks before they arise is so much more. You need to consider the cost of obtaining legal advice as an investment in your future, just like insurance is an investment in helping you if there is a future problem with your business. The reason that we developed the Business Legal Lifecycle was due to my frustration with the fact that so many people could prevent problems before they arise.
One business owner nearly lost $2million of his own money because he didn’t want to invest in legal advice. Another ex-partnership lost over $1million of other people’s money all because they didn’t invest early in their business. When you shift your mindset to legal fees being an investment rather than a cost then you will see the benefits in obtaining legal advice.
About Business Legal Lifecycle
At Business Legal Lifecycle we know that dealing with a lawyer can be difficult, it can seem daunting and costly. That is why we have designed our Legal Risk Assessment and Education Course to help you to understand the law without a law degree. Without knowledge you don’t know your legal risks which could cost you a lot in the future.
By working together with the Business Legal Lifecycle lawyers can help their clients to prevent legal risks within their business and prevent so many problems that commonly afflict small to medium sized businesses.
Get your Business Legal Lifecycle Legal Risk Assessment by clicking here now.
Still unsure check out the legal foundations for your business with our free “workbook” (to be written)
You have taken the Business Legal Lifecycle Risk Assessment and have your report. What now? The report is the first step in setting out what you need to do for the future success of your business. It defines your legal risks and the steps that you need to take to reduce the legal risks in your business. In this article I will go through the next steps that you need to take with your Report.
Read it thoroughly
The report is written in plain English and defines for you where your business is in the Business Legal Lifecycle. What your risks are in your business and what you need to do in the future. Reading through the report will give you an understanding of what legal risks there are in your business so that you can make a judgement call as to your level of risk. Understanding exactly what it is that you need to do in your business and why it is important is essential. If you would like to learn more there are lots of great resources on our site that explain all of the different aspect of the lifecycle. You can also take our education course here to learn more about what you need to do.
Take it to your lawyer
Understanding exactly what it is that you need to do and why is crucial before you take it to your lawyer. This will empower you with the knowledge of what and why these legal risks are important so that when you meet with your lawyer you can properly implement what is needed in your business. If you don’t have a lawyer we can refer you to a lawyer that will be able to assist you in implementing the recommendations in the report for your business.
The step of taking it to a lawyer can often be skipped because you may be tempted to just try and do the work yourself. This is a mistake as a lawyer will be able to properly help you implement the right steps to protect your business. It will cost you a lot more to do that then to invest in a lawyer to assist you in implementing the reports recommendations.
Plan for the future
When reading the report you will notice that the last part of the report helps you to understand what it is that you will need to do in the future for your business. This is where we describe the next phase after your current phase so that you can understand its requirements. The reason that we included this section is for you to plan for the future and what is coming next for you and your business. I recommend that you read that report and then revisit it in the next 3 to 6 months to make sure that you are taking the necessary steps to reduce your legal risk.
The Business Legal Lifecycle Legal Risk Assessment is a tool that takes about 10 minutes to complete by answering 31 questions about your business. It provides a report that sets out the legal risks in your business and what you need to do to protect them, why you need to prevent those legal risks and a plan for the future of your business. Importantly you can take it to your lawyer to then do the work that they are good at, preventing those legal risks within your business and you get all of this without the cost of a lawyer preparing the report in the first place.
By working together with the Business Legal Lifecycle lawyers can help their clients to prevent legal risks within their business and prevent so many problems that commonly afflict small to medium sized businesses.
Get your Business Legal Lifecycle Legal Risk Assessment by clicking here now.
Do you feel that you should just be able to trust your lawyer to take all of the legal steps in your business? Is dealing with the legal risks in your business something that you don’t want to have to consider? So often we have business owners come to us after they have encountered a problem and wondered why they didn’t take steps to prevent the problem from arising. Truthfully they ignore the problems in their business thinking that their lawyer will tell them if there are any problems with their business.
This is a dangerous path to take and is a bit like owning a house or a business without any insurance in place. In this article we will discuss the two main reasons why you shouldn’t rely on your lawyer to just identify these issues.
Unknown Unknowns
n any situation there are things that you know and that your advisers know. It doesn’t matter how long you have had the relationship with your lawyer there will be aspects of your business that your lawyer doesn’t know about. There are also going to be areas of the law that you don’t know could be a problem. The Business Legal Lifeycycle Legal Risk Assessment is designed to identify these unknown unknowns in your business so that you can reduce your legal risks.
Be Proactive
Often the investment of being proactive can seem like a lot at the time but the cost of not dealing with your legal risks before they arise is so much more. You need to consider the cost of obtaining legal advice as an investment in your future, just like insurance is an investment in helping you if there is a future problem with your business. The reason that I developed the Business Legal Lifecycle was due to my frustration with the fact that so many people could prevent problems before they arise.
One business owner nearly lost $2million of his own money because he didn’t want to invest in legal advice. Another ex-partnership lost over $1million of other people’s money all because they didn’t invest early in their business. When you shift your mindset to legal fees being an investment rather than a cost then you will see the benefits in obtaining legal advice.
About Business Legal Lifecycle
At Business Legal Lifecycle we know that dealing with a lawyer can be difficult, it can seem daunting and costly. That is why we have designed our Legal Risk Assessment and Education Course to help you to understand the law without a law degree. Without knowledge you don’t know your legal risks which could cost you a lot in the future.
By working together with the Business Legal Lifecycle lawyers can help their clients to prevent legal risks within their business and prevent so many problems that commonly afflict small to medium sized businesses.
Get your Business Legal Lifecycle Legal Risk Assessment by clicking here now.
Still unsure check out the legal foundations for your business with our free “workbook” (to be written)
You may be thinking why would I complete the Business Legal Lifecycle Risk Assessment myself when I still have to go and see a lawyer after I have completed it? Wouldn’t it make more sense to go straight to my lawyer?
Having a comprehensive report of your business already prepared that you can take to your lawyer will save you both time and money.
How can it save me time?
The online Risk Assessment is designed to be quick and easy to do. It asks around 30 questions and should take you about 10 minutes. It is designed to give you a snapshot of your legal risks by identifying what you have in your business and what you are missing. By identifying which phase you are in, in the Business Legal Lifecycle you will understand better what your legal gaps are in your business so that you can plug them.
How will it save me money?
The Risk Assessment is specifically designed to produce a report that you can take to your lawyer so that they can help to mitigate the legal risks. Generally to obtain this type of advice from a lawyer would require an investment of around $1,000.00 (or 1,000.00 pounds) so that the lawyer can interview you, obtain all of your information and then write the report. Alternatively often lawyers may try to do this advice for free and then charge you more when they implement and do the work.
Either way the report is designed to save your time and money to find out this information and then have your lawyer do the work. We have also designed it to explain to you, in plain English, what all of these legal terms mean and why they are important. This means that when you go to see your lawyer you will not need them to explain what you need to do, you will already understand.
About Business Legal Lifecycle
At Business Legal Lifecycle we know that dealing with a lawyer can be difficult, it can seem daunting and costly. That is why we have designed our Legal Risk Assessment Tool and Education Course to help you to understand the law without a law degree. It is often difficult to understand the costs that you will save by taking a proactive approach (by its very nature a proactive approach saves you money that you would otherwise spend) but trust us that the savings are huge.
By working together with the Business Legal Lifecycle lawyers can help their clients to prevent legal risks within their business and prevent so many problems that commonly afflict small to medium sized businesses.
Get your Business Legal Lifecycle Legal Risk Assessment by clicking here now.
We understand that taking any legal advice can feel risky and scary. The Business Legal Lifecycle Legal Risk Assessment is designed to help business owners identify where they are in the lifecycle, their legal risks and help plan for the future. Clearly no assessment can identify every single legal risk in a business. What we have developed is a risk assessment that identifies the high level common legal risks that exist in businesses.
How you can use it to better work with your lawyer
It doesn’t matter how long you have had the relationship with your lawyer there will be aspects of your business that your lawyer doesn’t know about. There are also going to be areas of the law that you don’t know could be a problem.
What are some of the things that aren’t considered in the assessment?
Firstly, your personal circumstances aren’t considered. The assessment simply cannot take into account your own situation and circumstances. It is for this reason that the report that you receive is high level advice that you implement with your lawyer.
Secondly, we don’t consider areas such as business licences and specifics to the type of business that you are operating. Creating an assessment that considers all of these areas would be a massive tool that would be completely useless for you because it would be too long and detailed.
Next, we don’t consider how you should respond to other parties to a dispute. Again that would be specific and would not be in a tool that could be automated so that you can identify the risks.
Of course with any assessment there are limitations. You need to identify that these limitations exist and that the purpose of the assessment is to cover the majority of high level issues in your business.
About Business Legal Lifecycle
At Business Legal Lifecycle we know that dealing with a lawyer can be difficult, it can seem daunting and costly. That is why we have designed our Legal Risk Assessment and Education Course to help you to understand the law without a law degree. It is often difficult to understand the costs that you will save by taking a proactive approach (by its very nature a proactive approach saves you money that you would otherwise spend) but trust us that the savings are huge.
By working together with the Business Legal Lifecycle lawyers can help their clients to prevent legal risks within their business and prevent so many problems that commonly afflict small to medium sized businesses.
Get your Business Legal Lifecycle Legal Risk Assessment by clicking here now.
Do you feel that the Business Legal Lifecycle won’t work for your business? Do you think that your business is unique and requires more specialist advice? We have business owners come to us after finding out about what we do and they have stated that we can’t help them because of these reasons.
This attitude to business often leads business owners to use their ‘uniqueness’ as an excuse not to ever take action on their business. In this article we will discuss the two main excuses that we hear, and how we respond to those excuses
The Business Legal Lifecycle won’t work for my business
Our Legal Risk Assessment was developed to provide high level advice to your business assessing where you are in the lifecycle of your business, what are your primary legal risks and help you plan for the future to mitigate those risks. For this reason it works across businesses and industries to identify the common legal risks in businesses. We examined well over 5,000 businesses and worked out what worked well and what didn’t work well, this helped us develop the lifecycle for all types of businesses.
My business is unique and requires specialist advice
We agree, your business is unique and every business is unique in the way you implement what you do. There are very few businesses that are truly unique in any market. The truth of it is that whilst your business is unique the legal risks and business of running your business is the same across different businesses and industries.
There are noticeable and predictable patterns that all businesses will go through and what we have mapped out is what successful businesses do and when they take those steps. We matched this to where failed businesses take different steps and developed the lifecycle. It will help you to become proactive in your business so that you reduce the common legal risks in your business.
About Business Legal Lifecycle
At Business Legal Lifecycle we know that dealing with a lawyer can be difficult, it can seem daunting and costly. That is why we have designed our Legal Risk Assessment and Education Course to help you to understand the law without a law degree. Without knowledge you don’t know your legal risks which could cost you a lot in the future.
By working together with the Business Legal Lifecycle lawyers can help their clients to prevent legal risks within their business and prevent so many problems that commonly afflict small to medium sized businesses.
Get your Business Legal Lifecycle Legal Risk Assessment by clicking here now.
Still unsure check out the legal foundations for your business with our free “workbook” (to be written)
You may be thinking what’s the point of the Business Legal Lifecycle Risk Assessment if it doesn’t solve my legal problems?
Having a comprehensive report of your business already prepared that you can take to your lawyer will save you both time and money.
Avoiding looking for legal risks
Unfortunately, when a business owner avoids the legal risks in their business they are opening up their business, colleagues and family to the stress that comes with legal problems in a business. Just because you avoid a risk doesn’t mean it will go away. In fact it will only get worse and the risk will only increase if you avoid dealing with the risk head on.
It will save you time
The online Risk Assessment is designed to be quick and easy to do. It asks around 30 questions and should take you about 10 minutes. It is designed to give you a snapshot of your legal risks by identifying what you have in your business and what you are missing. By identifying which phase you are in, in the Business Legal Lifecycle you will understand better what your legal gaps are in your business so that you can plug them.
It will save you money
The Risk Assessment is specifically designed to produce a report that you can take to your lawyer so that they can help to mitigate the legal risks. Generally, to obtain this type of advice from a lawyer would require an investment of around $1,000.00 (or 1,000.00 pounds) so that the lawyer can interview you, obtain all of your information and then write the report. Alternatively, often lawyers may try to do this advice for free and then charge you more when they implement and do the work.
Take it to your lawyer
Understanding exactly what it is that you need to do and why is crucial before you take it to your lawyer. This will empower you with the knowledge of what and why these legal risks are important so that when you meet with your lawyer you can properly implement what is needed in your business. If you don’t have a lawyer, we can refer you to a lawyer that will be able to assist you in implementing the recommendations in the report for your business.
The step of taking it to a lawyer can often be skipped because you may be tempted to just try and do the work yourself. This is a mistake as a lawyer will be able to properly help you implement the right steps to protect your business. It will cost you a lot more to do that then to invest in a lawyer to assist you in implementing the reports recommendations.
About Business Legal Lifecycle
At Business Legal Lifecycle we know that dealing with a lawyer can be difficult, it can seem daunting and costly. That is why we have designed our Legal Risk Assessment Tool and Education Course to help you to understand the law without a law degree. It is often difficult to understand the costs that you will save by taking a proactive approach (by its very nature a proactive approach saves you money that you would otherwise spend) but trust us that the savings are huge.
By working together with the Business Legal Lifecycle lawyers can help their clients to prevent legal risks within their business and prevent so many problems that commonly afflict small to medium sized businesses.
Get your Business Legal Lifecycle Legal Risk Assessment by clicking here now.
You may be thinking why would I complete the Business Legal Lifecycle Risk Assessment myself when I can just go to my lawyer and get this advice. That is a great question, after all that is what you have a lawyer for, right? The purpose of this article is to provide you with the answer to that question.
The Business Legal Lifecycle Risk Assessment produces a comprehensive report of your business. This then empowers you to go to see your lawyer knowing that you already know what your legal risks are and therefore are prepared for your meeting with your lawyer that will save you both time and money.
The Risk Assessment can be completed online in around 15 minutes and best of all you can complete it at a time that suits you. That means you don’t have to take time out of your business to go to your lawyer and sit with them while they ask you questions. Then wait for a week or two while they prepare the report about your legal risks.
Having all of the information set out in the report ensures that there is nothing overlooked. The report clearly outlines what you have in place for your business and what is missing from a legal perspective.
This then results in your lawyer having to spend far less time gathering information from you and can focus on what needs to be done going forward. The general cost of getting this advice from a lawyer would be around $1,000.00 so it is a huge cost saving for you in lawyer’s fees.
If you are thinking that the Business Legal Lifecycle can’t replace legal advice then you would be 100% correct. It is not designed to replace legal advice, in fact it’s quite the opposite!
How you can use it to better work with your lawyer
It doesn’t matter how long you have had the relationship with your lawyer there will be aspects of your business that your lawyer doesn’t know about. There are also going to be areas of the law that you don’t know could be a problem.
Nothing substitutes for tailored advice
The Business Legal Lifecycle will give you a fundamental understanding of what you need to do, why you need to take that step and whether you need to take any other steps. However, your situation will be unique to you, that is why you need to get tailored advice from your lawyer that will apply to you and your business.
The Business Legal Lifecycle Legal Risk Assessment gives you a report that sets out what is missing in your business, why you need to prevent those legal risks and a plan for the future of your business. Importantly you can take it to your lawyer to then do the work that they are good at, preventing those legal risks within your business and you get all of this without the cost of a lawyer preparing the report in the first place.
About Business Legal Lifecycle
The Business Legal Lifecycle Legal Risk Assessment and Education Course are designed to help you to understand the law without a law degree. Without knowledge you don’t know your legal risks which could cost you a lot in the future.
By working together with the Business Legal Lifecycle lawyers can help their clients to prevent legal risks within their business and prevent so many problems that commonly afflict small to medium sized businesses.
Get your Business Legal Lifecycle Legal Risk Assessment by clicking here now.
Still unsure check out the legal foundations for your business with our free “workbook” (to be written)
