I think that Neil hits the nail on the head. >From my experience a business person should definitely listen what lawyers and accountants tell, but doesn't allow them to make final decisions.
I am generalizing, but lawyers and accountant tend to be too risk-averse. For example, for many of them it is easier to say 'no' than to find a legally viable way to work an issue around. -- Best regards, Alexander Levashov Altima Interactive - custom web development www.altima.net.au email: [email protected] Friday, June 24, 2011, 8:04:31 PM, you wrote: > Whilst compliance with the law is important, the reality is that the > law is not necessarily black or white. It is the shading that creates > the variety of opinions and arguments that occur resulting in > litigation. > I would personally argue that sound commercial advice, clearly linked > to ensuring that a venture develops and executes appropriate strategic > options for commercial success, is more important. Just because an > individual is a great lawyer or accountant does not automatically > translate to them being great at business. > Strategic advisory boards, or boards of directors are one such way of > providing this support to a business. Individual mentors are another. > Identify individuals with knowledge in your field, who may be able to > assist. You may be surprised how willing people are to provide > support. > Often a great starting point are chambers of commerce, industry peak > bodies, or indeed by asking others in your network. > On Jun 24, 7:45 pm, Ben Sand <[email protected]> wrote: >> I'm coming to realise legal strategy is much more important than contracts. >> >> That is, you really need someone who knows when legal services make the >> business stronger and when they get in the way. I'm after your advice on how >> to find such a person. Is this a management skill, should we be looking for >> an advisor who's CEOed a few companies, or can I trust a lawyer to tell me >> how much I should use them? >> >> P.S. >> A need for good legal strategy and understanding of where it fits in the big >> picture became even clearer for me today. An actor I know complained on >> facebook about a recent job he had as an extra: >> "some company had hired all these extras, given them (as in ex gratia) >> shares in their company so that they were stake holders, and had them vote >> in one of their general meetings to prevent a hostile take over bid >> ... apparently >> it was legal" -- You received this message because you are subscribed to the Silicon Beach Australia mailing list. Guidelines on discussion: http://groups.google.com/group/silicon-beach-australia/msg/351e183e1303508d?hl=en%3Fhl%3Den No lurkers! It is expected that you introduce yourself. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/silicon-beach-australia?hl=en?hl=en
