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More advice on embracing the challenges of business ownership

Our post last week focused on managing the high amounts of stress that can come with owning and operating a small business. The discussion was based on recent article in Forbes written by an entrepreneur named Chris Myers.

Another recent Forbes post penned by Myers has a similar theme. In it, he discusses "embracing" the aspects of startup life that you may find to be difficult or outside of your comfort zone. In today's post, we'll talk about how you can do that and how working with an experienced business law attorney can be a big help.

We all have our strengths and weaknesses - some mental, some social. Maybe you are great at financial responsibilities like budgeting and saving, but not as good when it comes to interpersonal matters like managing employees or seeking out venture capital.

Both of these skill sets are important to the health and strength of your business, so avoiding them altogether isn't really an option. The advice Myers offers is essentially a version of "fake it 'til you make it." He uses the example of his own self-described weakness at pitching his company to potential investors. He always felt like he was "asking for money," which didn't sit well with him.

A mentor told him to keep doing it anyway, and said Myers needed to reframe how he thought of his business. He needed to recognize that he was offering others a valuable investment opportunity, not asking for a handout. Myers reminds readers that purposefully going outside of your comfort zone eventually makes your comfort zone larger.

That being said, every business owner needs help from time to time - especially early on. If you are feeling overwhelmed by the complexity and diversity of your duties, consider seeking help from an experienced business law attorney. A good attorney can help you:

  • Seek out and secure venture capital
  • Facilitate the purchase or sale of your business
  • Facilitate processes related to forming and registering the business
  • Draft employment and sales contracts
  • Ensure compliance with all applicable business laws and regulations
  • Grow the businesses sustainably and in good legal standing
  • Litigate contract violations and business torts

Bryan E. Kuhn, Counselor at Law, P.C., offers all of these services and more to business owners in the Denver area. If you'd like to learn more, please visit the Denver business lawyers page on our website.

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