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Opening a Small Business Can Be a Perilous Endeavor

Attorney’s are often accused of being deal killers. They appear to be very negative and overly cautious in their representation of potential investors in a new business, but the fact is they are scared and nervous. They know how perilous any new business venture can be and they know who will be blamed if anything goes wrong. After a particular bad experience in this regard I wrote a novel that graphically illustrates the perils of opening a new business, particularly when it is not set up properly.

When clients come in for help with a new investment or business venture they are usually full of excitement and anticipation. Whereas it would be easy for me to get caught up in their optimism and hope, I can’t do that. As an attorney my job is to make sure they understand the legalities and risks associated with the business venture and then, if they decide to go forward, make sure the venture is set up properly and in the manner most favorable to the client. This is why attorney’s are often accused of being deal killers. They appear to be very negative and overly cautious in their representation, but the fact is they are scared and nervous because they know how perilous any new business venture can be and they know who will be blamed if anything goes wrong.

It’s hard to get clients to understand and appreciate these risks, so I wrote a novel, a horror story actually, where everything goes wrong in a restaurant franchise. It was inspired by actual cases of mine from the past and is not an exaggeration. These things happen in real life and every prospective entrepreneur must realize this.

The Book Reader summarized the story in a review when the book first came out as follows: “The latest in the mystery series starring lawyer Stan Turner. Manchee, a lawyer, pulls out the stops and it’s all go as Turner and his wife Rebekah get involved with friends who are in great trouble with an impending bankruptcy. Turner is involved in a spiral of hounding creditors, arrests, murder, diamonds, gangsters, and a pell-mell pace that holds readers glued to the pages. All sorts of interesting California episodes are here–the Rendevous Club and lap dancing, a Peruvian pottery that is supposed to contain diamonds but doesn’t, the business of lawyering by a lawyer who is always struggling with clients’ payments, the lives of his four growing children, the IRS, interviews with police–and engrossing attorney procedures, in court, in documents, which Manchee knows so well. An old romantic interest complicates matters and creates problems between Turner and his wife. The action moves forward at a brisk pace with surprising (and ingenious) plot twists, and this deeply felt book may be Manchee’s best work to date. The extraordinary and ordinary: “Feeling a little better with one more problem resolved, I went home early and took the family to dinner. It was Thursday, our bowling night…” Manchee writes a very realistic prose, exact, viewing the sharp edges of reality wisely, and he also gives us glimpses beneath the surface, wondering, sympathizing, fearing. There’s a special power and grace here, about family, friends, death, and all the ties that bind one into a non-stop chase to unwrap puzzle with puzzle.

The good news is that everything that happened to Don Blaylock and his family could have been avoided. To find out how check out William Manchee’s new non-fiction book, Go Broke, Die Rich, Turning Around the Troubled Small Business. Cash Call is available in paperback, audio MP3, and for audio download at Audible.com.

IT’S NOT TOO LATE TO SAVE YOUR SMALL BUSINESS

Welcome! This is my site devoted to helping entrepreneurs figure out what’s wrong with their small businesses, defending them from angry and relentless creditors, and returning them to profitability.  It’s a sad fact, that most new small business won’t last five years.  In many cases the startup small business is doomed from day one because of mistakes that are made early on in the establishment of the new enterprise.

Most of my adult life I have owned one or more small businesses including my own law practice and being a partner in Top Publications, a small publishing company.  In addition I have represented small business owners for over thirty years and helped them through every conceivable problem.

Since I can’t sit down with everyone, I wrote a book on this subject, GO BROKE, DIE RICHIn it I share dozens of stories of the struggles of entrepreneurs just like you. Each story is inspired by actual cases in which I was involved over the last thirty years. From these stories I relate my observations about the causes of small business failures, how they can be avoided, and how the small business can be turned around and made profitable.

For the entrepreneur already in trouble Go Broke, Die Rich provides a comprehensive guide to defending the small business under attack including litigations strategies and the utilization of such tools as debt consolidations, workouts, bankruptcy, and reorganization.

My book and this blog isn’t meant to replace your own attorney or accountant. You shouldn’t rely on anything I say without first consulting your own attorney or accountant. You will need your own professional help from practicioners who you have personnally met, know your particular situation, and practice in your jurisdiction. My book, however, will provide practical guidance in selecting attorneys, accountants, and business consultants to assist you in operating and defending your small business.

Written as a light, entertaining read Go Broke, Die Rich is designed to be read cover to cover. Although packed full of valuable information it is not designed to be a manual but a collection of case studies and observations that should prove valuable to any entrepreneur who reads it.

Feel free to comment or ask questions if you feel like it. If I can help you out, It would be my pleasure.