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Survey of Start-ups Cites Underestimating Costs as Biggest Mistake

March 1, 2011 in Articles | MARTIN WREN, P.C. | LEAVE A COMMENT

Virginia Business Lawyers

According to a Wall Street Journal article here, a recent survey of small business start-ups (those with less than 100 employees), cited higher than expected costs as the single biggest mistake made by entrepreneurs.  Other problems, according to the article, included “hiring the wrong people, not knowing how to market and sell products, and not securing enough financing.”  Many of these problems are attributed to lack of understanding regarding “taxes, financing and credit, and hiring and firing.”

While these problems are business decisions at their very core, they do require an understanding regarding basic legal issues in order for decisions to be made wisely.  Because the attorneys at MartinWren, P.C. recognize that entrepreneurs must balance a start-up’s sparse financial resources with the need to receive crucial legal information that will chart the successful course of the start-up into a viable, established business, we offer a flat-fee legal package to allow start-ups to receive the legal services they need without breaking the bank.

If you are an entrepreneur and would like more information regarding MartinWren’s flat fee start-up packages for emerging growth companies, please contact Bob Byrne or Stacey McDonough for more information.

Robert E. Byrne, Jr., the author of this article, is an attorney with the Charlottesville, Virginia law firm of MartinWren, P.C.  Bob practices throughout Central Virginia in commercial and business litigation with an emphasis on intellectual property litigation, and he also represents plaintiffs as a member of MartinWren’s Charlottesville Personal Injury Lawyers group.  In addition, Bob devotes a portion of his practice to advising emerging growth start-up companies.

Contact Our Virginia Lawyers

We serve clients throughout Virginia — from Charlottesville and Central Virginia to metropolitan Richmond; Harrisonburg and the Shenandoah Valley to Roanoke; and the cities of Hampton Roads to the Northern Virginia cities of  Fairfax, Alexandria and Arlington.

To speak with one of our attorneys, please call us at (434) 817-3100.

Our Virginia personal injury lawyers at MartinWren, P.C. also have a statewide practice and offer free consultations at a time and location that is convenient for you.  We will gladly meet with you at your home or at the hospital, even on nights and weekends.

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