200 – The hidden costs of litigation

Listen to Episode 200

Show Notes

You know that litigation is expensive.  But it’s actually worse than you realize.  Hiring an expensive lawyer is just the beginning of the financial pain.  The emotional toll of being in court can be tremendous.This is the most expensive hidden cost.  There’s a huge personal and emotional cost that comes with a prolonged court case.

We once had a client who worked as a financial planner. And he was terminated from that business. And he decided to take them to court. Now, he went to court and spent probably two years of his life, just focusing on trying to sue his former employer for money that he wasn’t really interested in. But he wanted to sue them anyway. The strain and, and personal and emotional strategy that put on him was extraordinary. 

 We don’t want to dissuade you from pursuing litigation.  We just want to make sure people are aware of what the hidden costs can be. 

More about this Show

We started Business Legal Lifecycle to create a simple way for you to understand complex legal terms.  Most importantly we want to help you to develop a plan to take your business successfully into the future.  There’s a startling statistic the underscores the importance of developing a solid plan.  The majority of business owners are just seven months away from losing everything.  A single aspect of your business that is not set-up correctly can shut down your whole operation very quickly.   Legal advice is not cheap and even when you can afford it there is often a divide between lawyers and their clients.  We want to close that gap once and for all.  We want to put legal knowledge and tools into your hand to prevent the worst from happening to you.

Twice a week we are going to deliver those tools right to your home or office with Business Legal Lifecycle TV.  We’ll start the week with Fast Fix Monday, a short 5-10 minute video that will tackle a single issue that businesses have to deal with.  Then on Wednesday’s our main show will feature with more fulsome discussions and interviews all delivered in a straightforward and easy to understand format.

Start here to discover your legal risks
Interested in finding out more? Download our free Foundations Playbook

Subscribe Now For All of the Latest Resources and Podcasts!


Share This

Select your desired option below to share a direct link to this page.
Your friends or family will thank you later.