Monday, February 2, 2009

Distraction when he needed focus

Throughout his career, Steve Ferrucci has successfully served in both operational and legal roles. He recognizes that, as a business owner, you want to protect your business and yourself while preserving your bottom line and limiting the distractions legal problems present. Steve understands that a business owner’s time should be spent growing his or her business, and not fighting legal problems. Consider Steve as your outsourced “in house” counsel. He takes the time to know you, your business environments, your unique goals and concerns, and he stands by you as a trusted counsel in the face of legal threats.


I wanted to share an experience I had at the end of 2008. I represent small business owners in a variety of capacities, including the purchase and sale of businesses. The week before Christmas a client came to me explaining that she had been approached by one of her competitors asking whether she was willing to sell her home based marketing business. My client was very excited as she had been thinking of selling her business and winding down. The offer was fair and we soon went to work completing the due diligence process. We needed to work fast as the purchaser absolutely wanted to close by December 31.

As you know, the due diligence process can be quite tedious. Not only did we need to supply very detailed information on existing contracts, intellectual property, financials, products and services, but we also were faced with providing detailed information related to all office furniture, computers, software, supplies and inventory. I recommended my client contact Hartman Inventory, but she insisted on completing the inventory herself. Compiling this information took a great deal of time and energy. It distracted my client when I needed her to focus on the business terms of the deal. She even worked on Christmas.

In the end we were able to close the deal on the eve of the New Year. Had my client contacted you, I am confident that the deal would have been much smoother. I urge business owners to consider retaining Hartman Inventory...you never know when or how quickly business may change.

0 comments: