Nancy Steidl talks running a business in today's world!
This episode features an interview with Nancy Steidl, an international business consultant and intellectual property law specialist based in the UK. Nancy shares her wealth of experience and expertise on starting and operating a successful business.
She emphasizes the critical importance of having a solid business plan before launching, understanding the legal structures and regulations in your area, and protecting your intellectual property through trademarks, patents, and copyrights. Nancy provides insightful analogies, like comparing a new business to having a child that needs nurturing and a proper foundation to grow.
The conversation covers a wide range of topics including choosing the right business entity, drafting airtight contracts, navigating employment laws, understanding cultural differences when operating globally, and the emerging challenges around AI and IP rights. Nancy stresses being overly cautious rather than underprepared when it comes to legal protections.
Her soon-to-be released book "The Art of Analogies in Business" is also discussed, which aims to provide an easy-to-understand guide on starting a business using relatable examples. Overall, this podcast offers invaluable advice from an accomplished expert for entrepreneurs at any stage of the business journey.
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