Helping Business Owners Thrive in the Face of Both Internal and External Challenges
Have you been struggling to get your business off the ground and to a place where it is consistent, stable and shielded from the whims of the market?
All too often, businesses are built on a weak foundation. What seems like a thriving business on the outside may actually be teetering on the brink of collapse from month-to-month with thin operating margins and minimal financial protections.
By contrast, businesses built on a LIFT Foundation are stronger and reflect a more considered approach to business development.
What is LIFT?
LIFT describes the four pillars underlying a successful, resilient business — a business that is not only profitable, but that is fundamentally stable and in alignment with your values. These four pillars consist of the legal, insurance, financial, and tax systems that you’ve implemented in your business.
An effective LIFT Foundation can only be developed and implemented when entrepreneurs stop “fooling themselves” about what they need to be doing for their business. Having considered their own personal biases (unconscious and conscious), entrepreneurs can proceed without the past conditioning and self-sabotaging behaviors that are holding them back from success. They are then empowered to make legal, insurance, financial, and tax decisions that reflect their true values and will help them to better protect their business from calamity and prepare them to compete against larger players in the market.
Here at Yellow Dog Legal, Attorney Nicole Schaefer works with clients as a private LIFT coach and legal advisor, guiding them through the process from beginning to end and giving them the tools and confidence they need to thrive in a competitive marketplace. As an entrepreneur herself, Nicole is well-acquainted with the many challenges facing small business owners and what must be done to succeed.
How Nicole Schaefer Can Help — LIFT Strategy
Establishing Legal Protection
There are a variety of ways in which Nicole can assist you with establishing powerful legal protections for your business, thus preventing personal liability in the event of a lawsuit and shielding your brand from infringement. She can help with:
- Restructuring and maintaining the business as a corporate or LLC entity
- Drafting comprehensive commercial agreements
- Registering trademarks
- Creating airtight employment policies and procedures
- Developing a business succession plan
Once you’ve had your legal protections sorted out, Nicole can help guide you to experts in insurance, finance and tax.
Protecting Your Business with Insurance
Insurance strategies include:
- Developing a relationship with a trusted insurance advisor
- Securing and reviewing insurance quotes
Solidifying Your Business Financials
Financial strategies include:
- Developing a comprehensive financial model and reporting system with the assistance of a qualified CFO
- Hiring a reliable bookkeeper to manage accounts
- Evaluating capital needs and exploring various funding options
Finally, you’ll want to work with a tax advisor to ensure that all available deductions are maximized and that you are not “missing” anything with respect to tax liabilities. A failure to accurately prepare for tax liabilities could force you to liquidate your business or have to take out emergency loans.
Contact Yellow Dog Legal to Learn More
Honest self-reflection can lead to real strategic insights relevant to the success of your business. This is the first step in the LIFT system — evaluating all the unconscious biases that can steer a business in the wrong direction. Insight and guidance are necessary to build a strong LIFT foundation for your business, one that is resilient in the face of internal and external challenges.
If you’d like to get started with the LIFT system and establish a thriving business, get in touch with Attorney Nicole Schaefer as soon as possible. With private LIFT coaching, you’ll be equipped with the tools you need to leverage your time effectively, inspire others, be financially secure and live your personal truth.
Contact Yellow Dog Legal today to learn more.