EP 221: MINISODE How to Powerfully Handle a Lawsuit
Jan 27, 2022The work we do comes with so many rewards, right? But with those rewards inevitably come risks. No matter how good you are, you will come face to face with a big fat lawsuit at some point. Yuck!
I know! Not the sexiest topic in the world, but these things happen, and when they do, we need to handle them powerfully and intelligently.
How would you handle lawsuits? In this episode, we'll break down a couple of ways you can look into it, how it can affect you either positively or negatively, and what we've learned from our own experience.
The best way to handle lawsuits is not necessarily to always spend energy to prevent them but to set up protections and strategies before they come as you grow and scale your business.
So let's dive in and get into the nitty-gritty to learn how to powerfully handle a lawsuit.
Quotes
• “One thing I know for sure is that if you are growing your business and your portfolio, pivoting, building teams, dealing with different contractors… you will face a lawsuit at some point. That's just part of doing business.” (1:39 - 2:07)
• “The first thing that I will recommend is: you're going to look into asset protection strategies as you grow your business.” (3:07 - 3:13)
• “I'm gonna tell you right now that you are not your lawsuit.” (4:12 - 4:16)
• “I know this is a big statement to say, but you should celebrate, when you get sued, you should celebrate. Celebrate it from the perspective of, you're playing a big enough game, right? You’re putting yourself in the arena.” (8:41 - 8:58)
• “I think that the most important thing is honoring the other person and seeing the other person and not making the other person the wrong person and you're the right one; but honoring the human beings that are interacting here.” (11:39 - 11:54)
• “Look at it as the cost of doing business. It’s the cost of doing business. There's no emotion right there… Just move along, move forward, and learn the lesson, ladies.” (14:16 - 14:33)
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