Planning For Success
Whether you’re a brand-new startup or your business is getting for the next phase, Gudeman will help you create a long-term strategy and a business plan. All entrepreneurs and business owners should have a business plan to assist in critical decision making and to maximize financial and operational success. Like a blueprint, a business plan lays out the business approach and objectives, strategies used to meet the goals, possible issues that may arise, solutions to potential concerns, the amount of capital required to finance operations, organizational structure including titles and responsibilities and an exit strategy, to name a few.
Why Your Business Needs A Plan
Did you know that hiring an attorney to help create a formal business plan is one of the best strategies that new business owners can use?
You’re probably familiar with the phrase: “an ounce of prevention is better than a pound of cure.” Of course, we know that this applies to more than just common diseases and illnesses. Beyond its medical connotation, it reminds us to avoid problems entirely instead of looking for a way to fix them.
In the world of business, where brands are competing with one another for complete dominance, there’s no place for rookie mistakes. We can even say that mistakes aren’t welcome even when you’re just starting out and competing with no one in particular. After all, you’ve invested a lot just to get your business running. And if you hit a bunch of roadblocks early on, you could easily lose money.
It is in this case that prevention becomes much better than cure. If you’re not busy putting out fires, then you can focus on growing your business.
This is where the business plan plays a crucial role. A business plan is a written plan that details the key elements required for business development. It can serve as your guide towards a successful future, where your company is thriving instead of merely surviving.
A business plan outlines your goals, your objectives, and all the strategies and information you need to achieve them. In this article, we’ll be talking about why your company needs a business plan from an attorney.
Business Plans And Attorneys: What’s The Connection?
Many new entrepreneurs don’t realize the importance of having some legal advice while creating their business plans. They end up learning this lesson the hard way. After all, it’s not easy to see what traps you might get caught in if you’re new to the business landscape. You will need help navigating this mess.
Business planning with an attorney will allow them to give you advice on which direction you can take: what options you have and how to achieve your goals without breaking any laws along the way. You don’t want to lose thousands of dollars before your business even gets off the ground.
What do you do when a customer sues you? What’s the importance of legal contracts with 100 percent transparency? What’s a privacy policy? How do you file a trademark for your logo? What if a client never sends their payment?
Your lawyer can help you through the process. Some of them can even make a business plan for you.
Whether you’re a brand new startup or you’re preparing your business for the next phase, a competent lawyer will help guide you through the process of creating a long-term strategy that’s sustainable and realistic. Need business tips on how to maximize financial success? Need assistance with a legal issue? Our business lawyers can provide the assistance you need to start your business and establish your brand as a reputable business entity. Gudeman & Associates, P.C. can help provide the legal guidance your business needs.
Our team has been helping local businesses maximize their success, minimize unnecessary conflict and protect their legal interests for more than 45 years. We are proud to help owners and entrepreneurs craft strong business plans that set them up for decades of success. Our experienced attorneys and staff are cognizant of the challenges our clients face in the real world. We take pleasure in helping them meet these challenges with flexible representation, premier service and reasonable, transparent fees.
Protecting Your Business, Whatever The Future Holds
Overall, a business plan is an articulate road map to success. Gudeman can help you create a successful business plan that will give confidence to you, your clients, talent, stakeholders, lenders and investors. To speak with one of our knowledgeable business planning attorneys, please call our Royal Oak office at 248-630-3671. You may also fill out our easy contact form and a member of our team will reach out to you.
No-obligation consultations are available at our office, over the phone or via video conference. We look forward to helping you safeguard the future of your business.