During the masterclasses and workshops I’ve been delivering for groups and communities lately, the most common question I get asked is: what is the biggest mistake business owners make? Today, I’m sharing my answer in hopes that it will help you avoid tricky situations I see people end up in far too often.

The mistake I find consistently surfaces among business owners is the tendency to put off obtaining tailored legal documents. While there are many associated risks involved with neglecting this step, a lot of business owners are often just unaware of the consequences that come with it.

I talk about the complex challenges that can arise when businesses are left vulnerable, and how your legals should be the first thing you address when setting yourself up for success. Just as a house needs a strong foundation, your business needs to have the right legal framework in place. And in my opinion, it’s not a nice-to-have; it’s a must-have. 

Knowledge is power, and when we know better, we do better. Become informed on what your best chance of success is, and you’ll likely avoid the types of situations that cause unnecessary stress and distraction. The last thing you want is to face a challenge that takes your eye off the ball and away from those important, revenue generating activities in your business.

I hope today’s episode motivates you to really get your legals in order and create peace of mind for yourself, knowing you’ll be in the best possible position to face any challenges that may come your way.

LINKS:

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