#10 Growth & Updating Legals
Things are constantly changing in life and in business and for business owners, it’s imperative that these changes are reflected in your legal documents. The start of a new year is a great time to have a look at which things may have changed in your business and to make sure your important documents are up to date.
In this episode, I discuss some common areas where things change in business which can easily be overlooked. I touch on areas such as business structure and how any change to your service offering needs to be updated in your terms and conditions. I talk about changes with employees, insurance needs and explain how business legals not only keep you protected but also help to establish clear expectations between you and your clients.
Having everything up to date and clearly laid out in your business legals will help nurture a positive client experience and give you peace of mind knowing that you have something solid to rely on when any hiccups arise in the future.
Topics discussed and where to find them
[1:30]: How business owners often think that once business legals are done, they can forget about them but it’s important to revisit them from time to time.
[2:17]: Business structure. All your documents need to reflect any changes to your business structure.
[3:35]: Business terms. Think about what things may have changed regarding what you are offering to your consumers.
[4:25]: Problem areas such as refunds and cancellations can be incorporated into your documents to create clear parameters
[5:23]: Business legals make sure you’re compliant and protected and also help lay out the expectations between you and your clients
[5:55]: Draft into your business documents how you will deal with changes and variations
[6:47]: Employees or contractors. Think about what may have changed and incorporate these into your documents.
[7:22]: Insurance needs. Things often change as your business changes so make sure that your policies are serving you and that you are covered.
[8:00]: Without up to date documents, you may not be able to rely on them when the time comes. Prevention is better than cure.