Looking to transition to full-time entrepreneurship? Download this freebie to gain the clarity you need to make this big step. In this Transition Guide, you’ll get:
A simple budget to help you understand your financial position
A financial clarity plan that spells out * just * how much you need to save before you leave
Thoughtful prompts that get you thinking like a full-time entrepreneur
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Our Founder, Autumn, was featured in an EXPDET article!
Here’s a curated list of my favorite freebies for your business ⭐️ All 5 of these resources are the perfect suite of templates to help you make the best version of your business yet! Best of luck and if you need help, book a consultation.
We’ve already discussed why investing in a lawyer is probably one of the best investments you can make. But we get it—money doesn’t grow on trees. That’s why I sat down with Jenn Muse, an employment attorney with Honigman LLP here in Detroit, to talk through some of the times a trusted advisor can make all the difference.
Most of the “lawyer” television shows include a fast-tracked, tense situation where something has gone terribly wrong and an attorney gets called to help fix it. Real-life lawyering looks very different for Jenn: “The majority of my day is spent discussing ways to help businesses prevent and avoid these difficult situations.” The old adage is true—an ounce of prevention is worth a pound of cure, particularly when it comes to legal situations. A relationship with an attorney whose advice you trust is a long-term commitment. “My goal is to become an expert in you—your business, your operations, your strategy, your passion, and your plans for the future,” Jenn emphasizes. By focusing on you, an attorney is positioned to become an ally and an advocate who can help you game plan both operational and personnel (as well as personal) business decisions.
“There is no one-size-fits-all approach. Some people like to have their advisor on call to answer quick questions and talk through big business decisions and any legal ramifications. Others prefer a need-based relationship,” says Jenn. Here’s a quick hit list of when you may find it helpful to invest the money and talk to a lawyer:
• When You’re Setting Up the Business: If you are in a partnership or have a group of founders and collaborators, talking through the formation of the business and setting up the proper paperwork is key. “A former professor of mine liked to say that there were no business problems, only people problems,” Jenn muses. “Like a marriage, a business starts out happy and not thinking about any possible end. Save yourself some of the pain—think through how you and your co-founders will work and interact with each other, resolve any concerns or issues that come up, and eventually exit the business.”
The actions you take today build your future and your legacy. Investing in a lawyer during these critical times can help set you and your business up for success. Plus, you will likely end up with not only an attorney, but an ally. Need more business planning help? Take the Proxie Launch Course! Proxie has partnered with Honigman LLP to provide legal resources for small businesses as they develop their business plan and strategy during the course. From targeted high-level presentations to an opportunity to ask an expert, Proxie Launch participants have exclusive access to specialized content from Honigman lawyers. Have a question on this content or ready to reach out? Please connect with Jenn Muse from Honigman’s Emerging Companies Group at jmuse@honigman.com. Honigman LLP is a leading law firm for businesses in the Midwest.
Tracking expenses for a small business is probably the last thing you want to do. But if you want your businesses to be profitable, you have to have a real understanding of both revenue and expenses. So we’re digging in—100% judgment-free zone here!—to help you become a bookkeeping pro for your business.
Read Autumn’s take on business plans as an established business. Looking for help with your business plan? Proxie Launch is a 25-day business plan course that costs less than two college credits. Sign up for our email list for first access to our exclusive professional-level course.
Victoria, Founder of Reinvented Marketing, shares a great downloadable tool to develop your branding! Download it here!
Phil Dancy is a personal finance coach and money guru for Millennials and Gen-Zers. Check out his amazing savings tracker and download it for yourself!
If you’re considering starting a venture centralized around community and civic needs, it’s critical to determine if you want to develop a Triple Bottom Line business (focusing on three bottom lines: profit, people and planet) or completely focus your efforts on a non profit. Here’s some quick ways to discern which one is best for you.
