Working with a lawyer can be very stressful for entrepreneurs.  Lawyers and entrepreneurs have different views of the business world and deals that complement one another. 

Where the entrepreneur thinks big picture, the lawyer should be thinking: "What if?"  The lawyer should help the entrepreneur drill down into the details of his deal, expose the areas of potential risk and advise the entrepreneur the ways to deal with that risk.

The entrepreneur should also consult the lawyer early on in any negotiation.  This will provide the entrepreneur with insight into legal issues that might not be considered during the business discussions.  It can also avoid the problem of having to go back and renegotiate deal terms once the true ramifications of those terms are fully understood.

Of course, no business lawyer should be the final arbiter of any deal. The entrepreneur can and should, for himself or herself, determine what is and what is not an acceptable risk and whether a deal makes sense.

Enjoy the video.

I hope you enjoyed your 4^th of July holiday.