Do You Want To Sharpen Your Axe?

Sharpening Your Saw

Abraham Lincoln                                  Image: BrainyQuote

As a smart, savvy business owner do you have all the tools that you need to be effective?

Could you improve your business effectiveness in any way or are you at the top of your game? Do you now have everything that you need to be effective so you don’t have to keep your eyes, ears and mind open to anything that could make you more cost-effective, reduce your risks and improve your profitability? Be honest with yourself now.

“Do you want to sharpen your axe” as Abraham Lincoln recommends?

Well, let me see if I can get your attention for just a few minutes for you to consider your situation…ok?

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The Legal Needs of Small Business

A Research Study Conducted by Decision Analyst Commissioned by LegalShield

Excerpts from this study include the following…you can read the complete study by clicking on the title and Read more.

The Small Business Survey reveals that an astounding number of small business owners face legal issues.

More than 13 million, or nearly 60%, of all small businesses

have experienced significant legal events in the past two years.

Cost is a Barrier to Access

Cost also is a significant barrier to legal services for small businesses.

Owners reported spending an average of $7,600 in legal expenses
per year with 20% saying they spend $10,000 or more per year for
legal help.

Of the 13 million small businesses that said they had a significant legal event, 7 million (54 percent) did not seek the help of an attorney and 3 million of them (40 percent) cited the high cost as the reason. In fact, the cost of legal counsel was the number one contributor to a “negative” experience in working with a lawyer.

Read more:

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Many Small Businesses Choose to Go Without an Attorney

- Ann Dwyer

A nationwide study we commissioned shows a majority of America’s smallest businesses – those with 250 employees or less – go at it alone when it comes to dealing with legal issues that impact their business.  From debt collection, to contract disputes, to regulatory interpretations and employee issues, small business owners increasingly make critical decisions that could affect the success of their business without the benefit of advice or counsel from an attorney. Want to hear more?  Listen to this Crain’s Small Business Report.

Read more:

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Let me share some ways that you can sharpen your saw within your personal or company budget…

Dan Norris

Be Successful

Dan Norris

Independent Associate
LegalShield

Small Business Consultant

Author

 

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