It is a known fact that most entrepreneurs do not have a lot of respect for lawyers. This is because many entrepreneurs fly by the seat of their pants, worked their butts off, take risks, must make quick decisions, and they still have to make a payroll and a profit at the end of every month. They generally hire lawyers to help them as “brains for hire,” in other words they pay them to think. It’s difficult to pay someone $ 300 to $ 600 an hour to think, if you do not believe the person is as smart as you are.
Entrepreneurs are a little bit arrogant and sometimes cocky, and rightfully so a good portion of the time; however, lawyers often have to take a counter approach to the enthusiasm of an entrepreneur, often playing devil’s advocate, and explaining all the laws and barriers that are in the way to the direction of travel, and the latest strategy of the entrepreneur, which might change three times in one week.
Before a lawyer makes a decision, or gives his best advice to the entrepreneur, he asked lots of questions, and the business owner spends lots of time explaining everything to the lawyer. Thus, a business person believes that the lawyer should be paying him for all his on-the-job entrepreneurial training. I must tell you as an entrepreneur myself this is how I often felt.
If you’re paying someone $ 300-$ 600 per hour to think and help you get through important decisions, you’d hope that they know and understand how your businesses actually works, but often attorneys have never had to make a paycheck, and thus, entrepreneurs and business people do not find very much common ground. Indeed, business people often tell lawyer jokes and they despise every single lawyer except theirs. Funny how that little bit of hypocrisy works isn’t it? Please consider all this.
Lance Winslow is a retired franchisor – Lance Winslow’s Bio. Lance Winslow is formerly the CEO of WashGuys family of franchises for instance one of Lance Winslow’s favorite companies on the team; http://www.windowwashguys.com/links.shtml.