Eps. 96 - Legal Steps for Scaling Your Business From One-to-One to One-to-Many
No protection → No leverage.
I cannot overstate the importance that legal protection plays in scaling in your business. Recorded as a LinkedIn Live session, this episode is packed with essential insights for safely and profitably scaling your expertise-based businesses by owning and controlling intellectual property (IP).
Key Takeaways:
Legal Agreements for Growth: As you transition from one-to-one services to one-to-many offerings, specific legal agreements such as client agreements, contractor agreements, non-disclosure agreements (NDAs), and AI usage policies become crucial to safeguard your business and intellectual property.
Protection Equals Leverage: Protecting your intellectual property through copyright and trademark registration is needed to create scalable revenue streams and decouple income from time.
Prevention of Poaching: To avoid clients poaching your employees or contractors and your contractors from poaching your clients, make sure to have clear agreements in place with remedies like liquidated damages or equitable relief. This not only protects your team but also your business interests.
If you have further questions or ideas for future topics, we'd love to hear from you. Stay protected, stay leveraged, and keep scaling!
Connect with Erin to learn how to use intellectual property to increase your income and impact. hourlytoexit.com/podcast.
Erin's LinkedIn Page: www.linkedin.com/in/erinaustin/
Think Beyond IP YouTube Page: www.youtube.com/channel/UCVztXnDYnZ83oIb-EGX9IGA/videos
Music credit: Yes She Can by Tiny Music
A Team Dklutr production
For a full transcription of this episode, click here.