Do you love your business attorney?

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Do you love your business attorney? I do!

Hi. This is Judi Otton with GrowthCast and today I’m continuing on talking about the trusted advisors you have in your business.

If you don’t love your business attorney, you’re probably in the majority. I joined a business years ago. The first business I co-owned and had to deal with the attorney on something and all he did was just regurgitate legal clauses. He didn’t collaborate with me. He didn’t explain things very well. He just reread the code to me. It was not helpful at all. And I’ll tell you as soon as I had the opportunity and as soon as I met someone else, I switched business attorneys. Now I have one I love. He’s a true partner, a true advisor, will collaborate with me on what I want to do, what’s the best way to do it, and educate me on the risks and the rewards, all in plain English. Just like I do.

So a few things to think about as you’re looking for a business attorney or looking for another business attorney. First of all, do you understand when they’re talking to you? Do you understand what they’re saying? Do they speak in plain English? That’s really important. Do you like working with them? Are they easy to get a hold of? And similarly to the banking conversation, we had last week, for small businesses an attorney in a small practice may be a better fit for you than someone in a very large practice. If you’re working with someone in a very large practice, you’re likely to be a very small fish in their pond, even if you’re a $20 million company. So get out there and meet some attorneys, and again, like last week, if you’d like a referral, I do know quite a few great business attorneys that I would be happy to introduce you to. This is Judi Otton with GrowthCast and I’ll be back next week with a new Fiscal Fitness Tip of the Week.