Speaker outlines practical measures small businesses can implement to reduce legal and operational risk: use robust contracts and operational systems/procedures; provide staff training to implement protections (brand protection, IP); address personal asset protection; and ensure compliance with legislation. Emphasis that legal work must be paired with employee training and operational implementation.
What are the sorts of things they can put in place to prevent risk? Robust contracts, robust systems and procedures, both from legal perspective and from an operational business perspective. Training. I think training is one of those key things in a business that business owners forget. Okay, I'm resolving legal issues, are dealing with the legal side. But then we need to train staff on what this all means and how to implement brand protection. Ip. I talked about personal asset protection and. Yep. Ensuring they're complying with legislation.
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