Entrepreneurial Decisions and Legal Issues in early Venture Stages: Advice that shouldnt be Ignored Harvard Case Solution & Analysis

Many entrepreneurs make business decisions every day, many of which have significant legal consequences. Due to lack of time and knowledge, however, these businesses too often make quick decisions on important issues, both current and future based on several key factors, one of which is cost. Entrepreneurs seem to make decisions based on specific, but often inappropriate, factors such as comparing the total cost in dollars or a relatively small fee, in this case, short-term decisions that do not consider the complex legal and policy implications that may arise in the future . Thus, we would like to suggest another approach that entrepreneurs take the time to learn and understand the consequences of these decisions on the long-term sustainability, liability protection, and growth potential. Here we look at how the use of cost comparison and decision-making affects the three questions to the legal implications that arise at the beginning for the process, and which create serious consequences for the employer, if he or she does not deal with them properly. To this end, we offer some solutions to help prevent it. "Hide
by Tanya M. Marcum, Eden S. Blair Source: Business Horizons 10 pages. Publication Date: March 15, 2011. Prod. #: BH425-PDF-ENG

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