Are you aware of the common pitfalls startups and scale-ups face during their growth? Not recording employment contracts properly or accepting aggressive debt terms can lead to losing control of your business.

In this episode of "Bringing New Ideas to Life," Steve Cleverley, CEO of Oxentia is joined by Alex McPherson, Founder of Ignition Law, discuss the importance of seeking legal advice early on, the tailored nature of legal support, and common pitfalls to avoid during scaling up.

Timestamps

Timing and Types of Legal Support [00:00:44-00:02:41]

Steve and Alex discuss the importance of seeking legal advice early and tailoring legal support for each scale-up.

Ignition Law's Journey to Becoming a B Corp [00:06:49-00:09:19]

Alex talks about Ignition Law's journey to becoming a B Corp and the values-based logic behind it.

Common Pitfalls to Avoid During Scaling Up a Business, particularly in funding rounds [00:10:32-00:11:58]

Alex discusses common pitfalls such as not having contracts in place properly and not recording who owns intellectual property.

Importance of Legal Advice [00:13:41]

Alex and Steve discuss the importance of seeking legal advice early on in a business venture to prepare for potential issues.

Conclusion and Call to Action [00:15:08]

The podcast episode concludes with a call to action for listeners to reach out with any questions and a thank you for listening.

Alex McPherson Founder of Ignition Law, the entrepreneurial law firm, and Steve Cleverley CEO, Oxentia at Oxentia.

Contact us with any questions at ideaspod@oxentia.com

Episode transcript

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