(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

What you enjoy most is the big picture – the “on” the business stuff, not dealing with the everyday ”in” the business issues.

Many of the issues you face as a business owner or senior manager are outside of your comfort zone or expertise.  You may find yourself spending hours or even days resolving (or losing sleep over)something which actually is quite simple – but simple only to those who have done it before.

As a lawyer advising business owners for many years I find my greatest satsifaction comes from helping entrepreneurs see the wood from the trees by providing guidance on the red tape, legal or quasi-legal stuff that gets in the way of sales and making money.

Truelegal has a tight circle of entrepreneurs as clients with whom we work very much as their “legal director”/”in-house counsel”/commercial adviser or however they chose to badge it.  It comes down to us providing cost effective legal advice at board and senior management level.  Available on site, or at the end of a phone out of hours.  This frees up their creative and operational juices and takes the weight of the “legal millstone” off their backs.  When they analyse our relationship they tell us that we have been able to allow them to focus on what they are good at and enjoy.

And the net effect is that they work more efficiently, and hey presto, they get their work-life balance back to.

Do what you’re good at and delegate the rest.

To talk to me about Truelegal removing that burden, please click here for contact us details.  We can chat through or exchange emails about your concerns. And if you want to explore further I or a colleague will arrange to meet up at your business and guide you through how we can help and save you time, money and worry. 

Take that step now!

Martin Truman
Truelegal – Law for Entrepreneurs

… so many questions to ask, and so little time.  Have you been putting off those “problem” issues or losing sleep over something you haven’t done or don’t really understand?

Who? What? Where? Why? When? How?

Truelegal is a one stop firm for legal answers and advice to business owners and entrepreneurs the UK.

Contact us now (no clock running, no obligation and confidentially): click here

If we can’t help you, or we think you’d be better off using someone else, we’ll tell you.

Kind regards

Truelegal – Law for Entrepreneurs

Entrepreneurs come in all shapes and sizes. What they have in common is that they are innovators: they identify opportunities to introduce a new product, a new process, a new service, a new location or an improved organisation. 

But, more than that, entrepreneurship is about finding profitable solutions to problems.

There’s no point in investing your life’s savings in a new product if the commercials simply don’t stack up.

And that’s where so many would-be entrepreneurs fall by the wayside. They fail to address the big picture or to seek relevant advice from business mentors at the outset.