BusinessLawGuy's Blog

I firmly believe that perspective matters significantly in the world of business. Perspective is the lens through which we view and interpret issues, in my case, legal issues. This can greatly influence the outcomes and strategies employed in business and professional practice. When dealing with complex matters, understanding and considering different perspectives is crucial.

Perspective allows us to grasp the diverse interests and concerns of all parties. This is important because in any legal dispute or transaction in which I am involved, there are usually multiple stakeholders with varying viewpoints. When I am dealing with complex legal matters, understanding and considering different perspectives is crucial. By comprehending these perspectives, I can better evaluate the strengths and weaknesses of each side’s arguments or position and negotiate more effectively. A nuanced understanding of different perspectives helps find common ground and facilitate fair and just outcomes for the parties.

Moreover, perspective shapes strategies and approaches. By considering the broader context of a situation, you can anticipate potential risks and devise appropriate risk management strategies. For instance, a business operating in a highly regulated industry will require a different strategy compared to a startup in a more lenient regulatory environment. By acknowledging these perspectives, one can consider choices and make decisions to suit their specific needs and goals.

Additionally, perspective is essential for ensuring I am advising clients in an ethical and responsible manner. I have to consider not only the immediate legal implications of my advice but also the broader impact on my clients and their businesses. By doing so, I can guide clients towards long-term sustainability for their businesses.

Perspective matters greatly in the world of business and law. It enables the understanding of diverse interests and development of effective strategies. By embracing multiple perspectives, all of us can navigate complex issues and situations more adeptly. Make it a goal to constantly strive to broaden your perspective and remain open to new ideas and viewpoints to excel in your business, as well as in life.

I recently heard my wife say “not my monkey, not my circus” and it struck me about how important a concept it is in all aspects of life. It’s a colloquial phrase that conveys the idea that one is not responsible for the problems or issues of others. It is often used to express a lack of ownership or accountability for situations that do not directly concern or involve oneself.

In a business context, this phrase can be interpreted to mean that individuals or entities should not feel compelled to take on the burdens or liabilities of others unless they are legally obligated to do so. It reflects the principle of limited liability, which is a fundamental concept in business and legal settings.

It encapsulates the principle of limited liability in business law: you are not automatically responsible for the problems or issues of others, unless you have voluntarily assumed such responsibilities or are legally obligated to do so. However, it’s crucial to understand the nuances of limited liability and the legal obligations that apply to specific business situations to ensure compliance with the law and mitigate potential risks.

In a personal life context, “not my monkey, not my circus” can be interpreted as a reminder that you are not obligated to take on the problems or issues of others that do not directly concern you. It reflects the idea that you should not feel overly responsible or burdened by matters that are not within your realm of control or responsibility.

In personal relationships, this phrase can serve as a reminder to maintain healthy boundaries and avoid getting overly involved in other people’s problems or conflicts. It can be a gentle way of declining involvement in situations that may not directly affect you or may be beyond your capacity to address. It’s important to recognize that everyone has their own challenges and responsibilities, and it’s not always necessary or feasible to take on the burdens of others. “Not my monkey, not my circus” can serve as a reminder to prioritize self-care and personal well-being while respecting the autonomy and responsibilities of others in their own lives.

In the moment it can be hard to remember that you are not automatically responsible for matters that are outside of your scope of control or responsibility. At those times is when you need to remember the phrase “not my monkey, not my circus” and set boundaries while respecting and acknowledging the autonomy and responsibilities of others. Understanding the concept of “not my monkey, not my circus” can help you navigate complex situations, set appropriate boundaries, and manage your obligations effectively. Remembering that we all have enough situations to manage and negotiate when we stay in our own lanes will help you focus on your own monkeys and circuses.

I recently read this good piece of advice. It’s easy to jump to conclusions or make judgments about people without knowing all the facts. Making assumptions isn’t a good idea, as pointed out to all in the old movies and television shows: https://youtu.be/svkgOsr7pUc.

It’s generally a good idea to be slow to judge others because jumping to conclusions about someone’s character or motivations based on limited information or how they look can lead to misunderstandings, may cause harm, and may cause you to lose opportunities. It’s important to give people the benefit of the doubt, get to know them, or give them a chance to explain themselves before making judgments about them. Additionally, being slow to judge allows you to get to know someone better and to see them in different contexts, which can give you a more nuanced and accurate understanding of who they are. It can also help to foster more positive relationships with others, as people are often more open and willing to share with those who are not quick to judge and instead take time to get to know them better, as well as their motivations, intentions, and interests.

On the other hand, it’s good to be is quick to help others. There are several reasons why. Helping others can be personally rewarding and can strengthen relationships. When you help others, you often feel a sense of accomplishment and satisfaction that comes from knowing that you’ve made a difference in someone’s life.

Being quick to help often helps build stronger and more positive relationships with them. This is because people often feel a sense of gratitude and appreciation towards those who have helped them, which can foster feelings of connection and mutual support. It also can be good for you and your mental health because helping others can reduce stress, increase happiness, and improve overall well-being. Think about how you feel after volunteering. The same good feeling comes from helping others in any context.

By taking the time to understand someone’s situation, let alone if you help them, you can create the opportunity for positive and meaningful connections with others. It’s also important to be mindful of your own biases and try to approach situations with an open mind and a willingness to listen and help. By doing so you can create a broader network involving better and deeper connections you may otherwise have missed. And, you will feel good doing so.

Networking is the base onto which your business development efforts sit. Who you know matters. The broader your network and reach the better chance it will lift you up towards success.

It seems obvious that you should want to be known by as many people as possible. We all have different ideas of what networking is or should be. You and I may meet at an professional event, but that doesn’t mean our respective networking activities will be a mirror of each other. You may be there with the goal of collecting business cards and meeting as many people as possible. I may have reviewed the list of attendees, researched them, and am focused on meeting a smaller number of specific people.

Both methods are right and can work. The goal is meeting people, whether a large number or consciously deciding who you want to meet. No matter how you do it you will then need to nurture the connections you make and see whether they evolve into trusted relationships. That needs to happen for a connection to trust making a referral to you or connecting you with one of their trusted connections.

There are many ways to advance professional relationships to the point where there is mutual trust. All involve you committing time and energy into growing relationships. You should think about and come up with ideas and strategies to ‘touch’ your connections. There are various ways to do this, such as by sending an email to check in, forwarding an article on a topic your of interest, or sending a book. Of course, you always can pick up the phone and call. The choice is yours, but you should have a goal of getting to know your connections well enough to know what type of contact is best.

The idea of thoughtful acts or gifts isn’t new, but it is something else you should think about. I have a partner who is great at this. He will get to know people and send them thoughtful gifts. An example is when he learns a connection roots for a specific professional or college sports team, he sends a gift related to that. This is easy to do online. You can bet the people who receive those unexpected thoughtful gifts remember him. Plus, these types of gifts are great because most people will keep them in their office and are likely to think of the sender more often because they are reminded of them every day.

Another idea is to hold gatherings where you can bring your connections together, i.e. be a connector. You need to realize your connections are great connections for your other connections. You can hold a formal meeting, go to lunch, or have a happy hour. The choice is yours, but people appreciate and remember when you are willing to help them by introducing them to your valued connections.

Sitting around hoping for work to find you is not a good method of business development. Instead you need to take action by coming up with a plan and then jumping feet first to networking. Once you start making new connections, the next step is deepening those connections. Do this by making a plan and working on your network every day.

We are a few days out from Thanksgiving. In thinking about writing about being thankful or gratitude, I thought back to a post from last November. I can’t say it better, so here is my annual blog for the week of Thanksgiving.

This is a good time of year to think of gratitude generally and what you are thankful for specifically. At the same time, it’s a great time of year to spread good feelings, which you can do by letting others know when you appreciate something they have done for you.

Those of you who have younger children (or older ones…) know that you end up reminding them to say “thank you” all of the time. That is because thanking someone or showing gratitude is a learned behavior. If it came naturally or from observing others we wouldn’t have to teach children to do so.

Hopefully you remember to thank people as appropriate in your daily life. In my day, this can be thanking someone holding the door for me when I get to my office, for holding the elevator for me, or for making a pot of hot water so I can have tea and get that needed caffeine injection upon arriving for work. Many of these situations are universal to all of us, but I notice when I hold a door for someone and they walk through without saying anything.

Of course, if you go through your day looking for when people should be thanking you, you likely will be disappointed. Instead, I think about how I want to come across to others, as well as ways I don’t want to come across to others.

We all have bad days, but most days we should recognize when thanking someone is proper and appropriate. Plus, it has the added bonus of making you or the other person feel good, making it a great way to go through life.