Introduction
Everything You Need to Know about Your Business Legal Lifecycle®
A smart man makes a mistake, learns from it, and never makes that mistake again. But a wise man finds a smart man and learns from him how to avoid the mistake altogether.
– Roy H. Williams
Whether you play chess or not, the parallels of chess and running a business are clearly evident:
- You learn to look ahead
- You learn the value of sacrifice
- You learn the value of preparation
- You learn to anticipate your competitors' moves
- You learn to think outside the box
- You learn to win
The game of chess is about winning; it's about protecting a prized piece and engaging in war with the opponent who wishes to defeat you. There are differing strategies for both offensive and defensive play, and the wise chess player will have experience with both. Running a business is much the same, protecting something of value, your company, and engaging in war with your competitors who wish to win. The only way a business owner can successfully navigate the many obstacles that face a business is knowing exactly which phase you are in at all times in your business.
Every business has a Business Legal Lifecycle®. As a business owner, this is probably the last thing on your mind, but my legal experience has repeatedly shown that business owners who pay attention to their Business Legal Lifecycle® are usually the successful ones.
From the moment you make the decision to set up your business, you are automatically starting your ...
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