Advice To Help You Make The Right Decisions

When faced with a legal issue or problem as a business owner you have choices:

(1) Ignore, Pray, Worry – keep your head buried in the sand, it might just go away

(2) Act , but DIY – surely you could work this out yourself …

(3) Contact an Expert

The law of averages says that your luck will run out eventually.  You may have got away with making choices (1) or (2) for months or years.  But in the long run choice (3) should be what a successful entrepreneur automatically makes.

Now, you’re thinking (3) is the expensive option. You’re going to be paying fat-cat lawyers, accountants, consultants to tell you what you already know.  Their fees are going to outweigh the benefit 10x.

Well, I don’t believe that is the way you should be thinking about the expert. Or at least that’s not how we think.  Your business lawyer should be honest and straight with you.

So if it’s a legal claim, the cost benefit analysis should be done right at the outset – and don’t just count the £££ cost, factor that management time and opportunity cost in too.

The same argument applies to other areas of your business. Proactive, well-delivered and executed advice on restructuring a group, new investment or a revised finance package, or on implementing correct contractual documentation (not just small print for small print’s sake!) can save your business £1,000s or £10,000s.

Ask any business agent what adds 10-30% to a business’ value and the ease with which it can be sold and exited,  tidying up your legals and processes will feature at the top of their list.

Have you considered how you will exit your business? Have you considered a legal audit of your business’ needs?  If not I would encourage you to do so.

Please do contact us now to set up a free no obligation review to increase the value of your business by investing some time and money now.

Kind regards

Martin Truman

Truelegal – Law for Entrepreneurs

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