Survival Mode Radio Show #13 - Mastering Business Law & Risk: Your Roadmap to Startup Success and Legal Confidence
Weekly Show Summary
Strap in, future moguls! This week’s Survival Mode radio show is your all-in-one guide to understanding and mastering the legal side of business. You’ll get a clear, step-by-step breakdown of the critical legal decisions and compliance requirements that come with starting, growing, and protecting a business. From structuring your company the smart way, to the ins and outs of hiring and employment law, safeguarding intellectual property, and managing risk through insurance and legal advice—you’ll get the intel and strategies to move confidently from guesswork to know-how. With approachable wisdom and a healthy dose of our trademark humor, we transform intimidating legal topics into clear, practical action you can start on today.
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Episode Summaries & Key Takeaways
Episode 1: [S18 Ep49] Business Structures and Legal Essentials—Navigating Compliance for Startups
Kickoff with the basics: choosing the right legal structure and understanding your business’s core compliance needs.
Key Takeaways:
Pick the Right Structure: Avoid costly mistakes by understanding when to operate as a sole proprietorship, LLC, partnership, or corporation.
Register & Separate: Register your business, get an EIN, open a separate bank account, and keep your personal and business finances apart.
Stay Compliant: Don’t forget about industry-specific licenses, permits, and regulation requirements—do your due diligence and consult a business lawyer early.
Episode 2: [S18 Ep50] Legal Fees and Intellectual Property Protection—Essential Tips for Entrepreneurs
Discover the importance of safeguarding your ideas and setting up relationships with legal professionals before you need them.
Key Takeaways:
Understand Intellectual Property: Learn the difference between copyrights, trademarks, and patents—and why clarity about who owns creative work matters.
Draft Smart Contracts: Always use contracts (not generic templates!) and consult a lawyer to ensure your agreements are valid and protect your interests.
Retain a Lawyer Proactively: Having a lawyer on retainer can prevent issues before they arise—saving you time, stress, and money in the long run.
Episode 3: [S18 Ep51] Employment Law Essentials—Compliance, Hiring, and Employee Rights
Hiring?
Learn how to protect your business, treat employees right, and stay on the right side of employment laws.
Key Takeaways:
Follow the Law in Hiring: Know the rules (like EEOC, FLSA, ADA) and ensure your hiring and onboarding process is legally compliant and documented.
Standardize with SOPs: Use clear, legal, documented standard operating procedures for hiring, onboarding, and even terminating employees.
Lead with Integrity: Treat people fairly and handle terminations professionally; a strong, legally sound HR function protects your business brand and bottom line.
Episode 4: [S18 Ep52] Business Insurance and Legal Risk Management Essentials
Finish strong with the tools and mindset needed to proactively manage risk and protect your business from the unexpected.
Key Takeaways:
Insure Wisely: Understand and purchase the right types of business insurance (liability, E&O, property, workers’ comp) to protect against both mistakes and unforeseeable events.
Leverage Legal & HR Experts: You don’t need to know everything—build a trusted team (lawyer, HR pro) who will keep you covered and informed.
Stay Connected & Updated: Join trade associations, business groups, and regularly update yourself on changing laws and industry standards.
Host Bio
Bert Robinson:
A seasoned radio personality and multi-business owner, Bert brings decades of communication and entrepreneurship experience to the mic. As co-owner of Virginia Financial Center and founder of “Survival Mode,” Bert’s passion is empowering entrepreneurs to take the leap with confidence and clarity.
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Kevin Beers:
A software engineer turned serial entrepreneur and mentor, Kevin is known for his practical wisdom and ability to break down complex business concepts for all ages. He has co-founded tech and financial businesses and is dedicated to guiding the next generation of business innovators.
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Michael Grant Junior:
A lifelong entrepreneur and accomplished business consultant, Michael launched his first company straight out of high school. Today, he helps nonprofits and startups strategize, scale, and win while encouraging new founders to align their purpose with profit.
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Mentioned Resources
Next Steps & Final Thoughts
Ready to build your business on a rock-solid legal foundation? Here’s where to start:
Review your business structure and make sure you’re registered and compliant—if you’re unsure, book an hour with a business attorney (your future self will thank you!).
Audit your contracts and intellectual property safeguards—don’t skimp on protection for your ideas and brand.
Evaluate your hiring and HR practices and bring in professional guidance to set up foolproof SOPs.
Schedule an annual check-in with your insurance agent and lawyer—stay proactive, not reactive.
Get connected: Join a trade association or business group in your sector to stay sharp and in the know.
Remember, every great business is built on smart decisions and strong relationships—with good advice, the right protections, and a willingness to learn. You don’t have to know it all, but you do have to take the first step. Keep thriving, stay compliant, and we’ll see you next week for more strategies to fuel your business journey!
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