It may seem obvious why law is essential to every small business but so many for various reasons just try to ignore it.
When starting up the legal structure is explained at the Start you Own Business course. The business owner chooses which structure they want and go ahead probably without going into the real differences between each category .
They then trundle along concentrating on sales and marketing. Social media is undertaken with enthusiasm because that is interesting. The law is often ignored until something goes wrong . Then they want an immediate answer to get them out of their problem.
If they had only taken the sensible steps to start with the problem would never have happened. To an outsider the problem was obviously going to happen but the business owner is so deep in the day to day issues they do not see it until it is too late
Reasons the Small Business does not take legal advice:
- Perceived high cost
- Fear of entering solicitors office and looking silly
- Lack of interest in boring law and paperwork
- Not realizing what they do not know and need advice on
- Mistaken belief that all they need is on the internet
- The failure to understand the value of proper advice to the well-being of their business
The failure to grasp the value of the advice is the main failing. The business owner will pay £250 for a morning on improving their social media skills or how to ‘ Have the right attitude and be positive’ but complain about paying that for legal advice that could save their business thousands of pounds. Having good marketing skills and a zippy brand is no use if you are embroiled in litigation with a customer or a landlord because you thought the legal matters too boring.
Many businesses will only find out the hard way and bring business to the litigation experts. The sensible business owner will avoid them like the plague.