0816_TOEFL-Test-and-Score-Manual-1997

82 ● 201 Great Ideas for Your Small Business
Why do I make independent films? The “stardust” factor makes up for
hauling all that trash.
GREAT
IDEA
Buy Prepaid Legal Insurance or
Make a Deal with a Law Firm
Did you know that 52 percent of all Americans have
some sort of legal problem and one of every three
people will need legal advice in the next 12 months?
With attorneys charging an average of $175 per hour, legal bills can
gobble up your profits. Even a small legal problem can drag down your
morale and create a major distraction. That’s why many small business
owners are signing up for prepaid legal insurance. One of the oldest providers
is Pre-Paid Legal Services® Inc., based in Ada, Oklahoma. The company
sells coverage to both individuals and small businesses. For under $100 a
month, businesses with fewer than 15 employees and $250,000 or less in
net income can have access to experienced business attorneys.
Lawyers can draft and review contracts, write debt collection letters, and
deal with leases, partnerships, creditor harassment, and bankruptcy, among
other issues. Clients contact the company and within a day or so, get a call back.
Pre-Paid Legal Services, a publicly held company, was founded in 1972.
It contracts with 2,700 law firms in 46 states.
You may also be able to cut a similar deal with a small, local law firm.
The recession forced many firms to discount their fees, so don’t be afraid
to ask. You will probably be asked to pay a monthly retainer, but if you
have legal issues, it may be worth it. Also check out RocketLawyer.com, an
online legal services company.
GREAT
Find the Right Office Space
Entrepreneurs often cringe at the thought of leasing
IDEA
office space. It’s scary and expensive and takes time
to find the right space. That’s why so many of us work at home until we