Sep 24 2024 38 mins 3
“You’re not your client's bank. Contrary to some beliefs, you’re doing work for them and getting paid. There are different ways to structure your payment terms that limit your exposure.”
-Michelle Bomberger
We know as bookkeepers just how much relationships matter in business; we want our clients to invest in us to fill their gaps. But we often don’t want to invest in others to fill our own. This is especially true when it comes to the legal side of doing business. Legal help and advice are expensive, and many of us run with the belief that we’ll only need that kind of help if something goes wrong.
But like insurance, investing in a good legal advisor can help cover and protect you from all the things you fear, and all the things that could affect our businesses that we don’t even know about yet.
Michelle Bomberger, Founder and CEO at Equinox Business Law Group, is this episode’s guest. She has spent her career helping businesses with their strategic decision-making, working together to build strong and lasting relationships that keep her clients protected.
During this interview, you'll learn...
- The value of taking a proactive approach to protection
- How to give your contracts more teeth
- The Three Tiers of Protection
If you are struggling with your business’ legal infrastructure, aren’t sure how to protect yourself and your business or just want to give your contracts more teeth, this is the episode to get you thinking about putting protection in place before you need it!
To find out more about Michelle, click here.
Connect with her on LinkedIn, YouTube and Twitter
Take the Business Health Assessment here.
Time Stamps
01:43 - Michelle discusses her career journey
05:22 - The three tiers of protection
08:10 - Finding the right lawyer for you
11:20 - Building trusting relationships
16:30 - Iron cladding your contracts
20:40 - Getting paid upfront
25:03 - Challenging illegal activity
28:04 - Managing conflicts of interest
33:02 - Being proactive for long-term security
35:01 - Business Health Assessment
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