I’m a planner–always have been and probably always will be. I love planning in all areas, whether it’s short or long-term. I always make planning from a business a priority. It’s such a good way to analyze what has happened in the past and to make sure I’m properly preparing for my upcoming goals.
In my career, I’ve had the opportunity to work with business owners at all stages. For many, when they do business planning it involves things such as team, financial goals, marketing, sales, social media, and so many other areas. But they aren’t considering legal when they’re strategizing.
Today, I’m covering a broad topic that is one of my favorites: creating a legal strategy for your business. A legal strategy is important for any business. It can help you budget, reduce the overwhelm many people feel when they think of legal, and most importantly, give you peace of mind.
In this episode, I talk about the reasons people have for avoiding the creation of a legal strategy in the first place. I give you a step-by-step plan to build your legal strategy and get into the finer details of applying it to your business, before wrapping it up with action steps for you to take.
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In this episode:
[02:34] – When it comes to having a legal strategy, business size doesn’t matter.
[03:45] – Danielle emphasizes that avoidance is not a legal strategy. Why do people avoid it?
[04:47] – Danielle has heard this feedback from women with virtual businesses who’ve struggled to find lawyers.
[06:17] – How do you go about building a legal strategy for your business?
[07:03] – Starting with the first step, Danielle looks at legal strategy from the perspective of a service-based entrepreneur.
[08:15] – It’s important to think about any long-term business goals you currently have and consider their impact.
[09:18] – After creating a general legal strategy, it’s time to see how it applies to each of the different steps within your business.
[11:25] – Do your agreements with contractors offer you protection to minimize your risk and protect your intellectual property?
[12:52] – Keep others’ intellectual property in mind if you plan on using any distinct branding.
[15:12] – Danielle provides today’s action tips to create and implement a legal strategy.