1400 Gables Ct #103 Plano, TX 75075
5601 Bridge Street, #300, Ft. Worth, TX 76112

Dallas Small Business Lawyer Challenges You to Ask Good Questions

Dallas small business attorney, Richard “Ric” Armstrong, examines how to extract useful and positive lessons from what happened to you in 2016.

As an entrepreneur, you need to constantly evaluate your own progress to keep competitive. Stay optimistic, yes. But never lie to yourself, and stay grounded in the reality of your metrics. After all, as we all know, what gets measured gets managed.

So WHAT analytics should you pay attention to in 2017? Before pulling numbers out of the air, take a look backwards. What happened last year? Why did it happen? What can you learn from looking at those root causes? By investing time in this discovery – and, yes, there’s never enough time, but find some! – you’ll be more likely to craft an accurate strategy in 2017. Your dashboard of metrics will reflect the reality of where you are now and where you want to go. You won’t be operating in a fantasy.

Questions for you to ponder:

How satisfied were you with your level of business in 2016? Did you get enough work? Not enough? Did you miss some opportunities because there was no one to negotiate your agreements or reduce them to enforceable form?

Depending on the answers you get, tweak the strategy accordingly. Take actions like: hiring more staff, updating your hardware, or retaining proactive business legal counsel. (For instance, maybe you met a potential joint venture partner at a conference and really hit if off… but then delayed moving forward with your proposal because you couldn’t figure out how to structure an agreement with him, and you didn’t have a lawyer to help you.)

Just make sure that whatever actions you take will set you up for more success in 2017.

Do you have the right people doing the right things in your company? For instance, do you have contracts in place for key employees? If not, why not? How can you move people to the right places and get rid of people who are not working out? Have you had an experienced attorney review your hiring policies, non-competes and other essential paperwork?

What was the best thing that happened to your business in 2016, and why did it happen? Can you make it happen again in 2017? Can you “10X” that event and make it ten times bigger or more profitable? Pay attention to the obstacles in your way: for instance, as you scale, you could be subject to oppressive Texas state or government regulations. If so, you will need a qualified lawyer to help you understand these rules and put together a growth plan with them in mind, so your profits don’t take an unnecessary hit.

What was the worst thing that happened to your business in 2016? Was there a business legal issue you should have brought to your attorney early, rather than waiting for the “alligators” to close in? Why? What can you put in place to make sure that horrible potential lawsuit never resurfaces? Can you put other legal protections in place to shield your intellectual property (IP), prevent partners from taking advantage of you, or allow you to go fishing for new business in new markets?

What help do you need to take your company to the next level? Finding great outside resources can relieve pressure and let you focus on doing the work that you love to do.

The experienced Dallas small business lawyers at Armstrong The Law Firm PC are here to help. We want 2017 to be the best year ever for your company. Explore our services online, or call us at 972-424-L-A-W-S (5297) to schedule an appointment to figure out how to meet your legal needs ASAP. 


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Armstrong The Law Firm, P.C.
Plano Location
1400 Gables Ct #103
Plano, TX 75075

Fort Worth Location (By Appointment Only)
5601 Bridge Street, Ste. 300
Ft. Worth, Texas 76112

Phone: (972) 424-5297