In this episode of the podcast, Jeremy Streten joins Troy from Australia to discuss the importance of being proactive rather than reactive to legal problems. His bestselling book, The Business Legal Cycle, is a guide to understanding, planning for, and implementing legal protection for your business. Jeremy also discusses the key elements he sees with successful businesses, which legal aspects business owners need to educate themselves on, and how to consult with the right professional.
Key Takeaways:
- Jeremy explains how he's seen time and time again how costly it is for businesses that are reactive when it comes to legal problems.
- His book, The Business Legal Lifecycle, is a guide to the system that Jeremey created for businesses to be proactive when it comes to legal risk.
- There are 13 universal phases that all businesses go through in Western countries; recognizing each phase begins with education.
- With every business being unique, it's important to find the right insurance specific to your industry.
- Business owners should know and understand the laws and legal system.
- Not all lawyers are created equal; find someone who is up to date on their education and understands your industry.
- Sites like LegalZoom fulfill a need, but they should not replace having proactive legal protection.
- If you're listening and thinking, "I don't have legal problems and don't need this"; you never know! It's better to be prepared and not need it than need it and not be prepared.
External Links:
Maintenance-one.com
The Business Legal Lifecycle
The Business Legal Lifecycle Book
Jeremy Streten
Jeremy Streten on LinkedIn
