Hi guys,
I felt this would be a good topic to discuss with the Fastlane section, as I've experience it myself and it may save you guys a headache when you're working on your fastlane ventures.
MJ talks about the importance of A + A's, Accountants and Attorneys, as part of your fastlane venture. I wanted to discuss the attorney, and a very important piece that I don't think a lot of people realize.
So when you were a kid, did you ever have your mother tell you 'Don't hang out with that kid' or 'Choose your friends wisely' ? Yeah, they did that because they knew the impact of your environment and the people in your direct social circle. Your parents understood that the behaviors of others would directly affect you and mold you as a person.
One thing I don't think people realize with having a legal advisor / attorney as part of their business is the shift of perspective as an attorney.
From the attorney's point of view, their perspective HAS to be 'glass half empty' for *EVERYTHING*. Their perspective has to be programmed to find the flaws in your business, your business plan, your actions, and everything else pertaining to your fastlane. The role of the attorney is to understand the law and to help you with your business, so if there's any potential downsides as far as the law is concerned, your legal advisor / attorney is going to be sure to tell you about it.
I feel like this is 'known' but often overlooked in fastlane ventures. Be sure to understand the difference in perspective that your legal advisor / attorney has, and where their pessimistic judgement will be presented, sometimes you just need to hit the accelerator and take the calculated risks associated with your fastlane.
I speak on this because I've talked to legal advisers in terms of my own businesses, and occasionally in terms of business ideas. You end up walking out of their office thinking 'Well, I guess the dream is dead for that business'.
If you understand where they're coming from and the frame of the world they live in, it can help you on your fastlane venture. Take what they say very seriously, and then do the math and decide whether to step down on the accelerator, or not.
I felt this would be a good topic to discuss with the Fastlane section, as I've experience it myself and it may save you guys a headache when you're working on your fastlane ventures.
MJ talks about the importance of A + A's, Accountants and Attorneys, as part of your fastlane venture. I wanted to discuss the attorney, and a very important piece that I don't think a lot of people realize.
So when you were a kid, did you ever have your mother tell you 'Don't hang out with that kid' or 'Choose your friends wisely' ? Yeah, they did that because they knew the impact of your environment and the people in your direct social circle. Your parents understood that the behaviors of others would directly affect you and mold you as a person.
One thing I don't think people realize with having a legal advisor / attorney as part of their business is the shift of perspective as an attorney.
From the attorney's point of view, their perspective HAS to be 'glass half empty' for *EVERYTHING*. Their perspective has to be programmed to find the flaws in your business, your business plan, your actions, and everything else pertaining to your fastlane. The role of the attorney is to understand the law and to help you with your business, so if there's any potential downsides as far as the law is concerned, your legal advisor / attorney is going to be sure to tell you about it.
I feel like this is 'known' but often overlooked in fastlane ventures. Be sure to understand the difference in perspective that your legal advisor / attorney has, and where their pessimistic judgement will be presented, sometimes you just need to hit the accelerator and take the calculated risks associated with your fastlane.
I speak on this because I've talked to legal advisers in terms of my own businesses, and occasionally in terms of business ideas. You end up walking out of their office thinking 'Well, I guess the dream is dead for that business'.
If you understand where they're coming from and the frame of the world they live in, it can help you on your fastlane venture. Take what they say very seriously, and then do the math and decide whether to step down on the accelerator, or not.
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