Last Week, Josh Bryant announced that The Bryant Firms would house an incubator for faith-based entrepreneurs in Northwest Arkansas. That raises an obvious question: why incubate with a lawyer?
Small Businesses Are Likely to Get Sued. It's just a fact of life and part of doing business. Rarely can you predict when you'll get sued or who will sue you, but the Small Business Administration reports that up to half of all small businesses with fewer than 50 employees will get sued at least once per year. Granted, that's a broad statistic that will vary from industry to industry. But even on the low end of the study indicating no less than a third of small businesses will end up in court annually, it only makes sense to start off on the right foot from a legal perspective. Add to that the same research that found 90% of all small businesses will be in court at some point, and it becomes imperative to speak with someone like Josh Bryant before going into business.
Process Drives and Secures Businesses. It has become an unwritten rule that you are a second class Christian if you haven't read The Purpose Driven Life by Rick Warren. We're kidding (sort of...) but Josh Bryant has a bit of a different philosophy. Purpose does not drive life, business, or churches - process does. Your car isn't driven by the fact that its purpose is to transport you from one place to another. It's driven by the process of turning the vehicle on, applying your foot to the gas, fuel injectors pumping fuel into cylinders that is ignited inside by a spark plug, causing pistons to rise, turn gears and belts, that ultimately turns the wheels of your car. The same applies to your business. No matter what your business is, there are processes that you have to follow the same way every time. There may be variables from time to time, like what gear you're in or what road you'll go down and how fast, but the more repeatable your process, the better it gets. You find inefficiencies as the business owner and work them out of your systematic processes. You find points where the system breaks down and either repair or reengineer them. What's even better - when a lawyer like Josh Bryant helps you put those processes in writing, it can help secure your business from being one of the 33-50% of all businesses who will be sued this year.
Taxes Will Make You Want To Quit. You didn't get into your business to do bookkeeping (unless of course you are a bookkeeper or accountant). Doing your taxes and accounting can take a significant portion of your time and slow your growth. What does that have to do with incubating with a lawyer? Josh Bryant is well versed in small business taxation, which by the way is just one of many areas of the law. Members of the incubator hosted at the Bryant Law Firms' will have their taxes done for them as part of the monthly fee.
Josh Bryant is an attorney, entrepreneur, pastor, and visionary with a heart to see churches, businesses, and families more secure, more effective, and more efficient in fulfilling their mission and bringing glory to God.