Business Question-Expense Reduction

[Justice44]

Hello Members,

I was wondering if you could do me a favor. I have a business question for you that will help me further understand small business owners expense reduction needs. Suppose you were an entrepreneur who spent $10,000 in annual legal fees per year. During a cost analysis with a legal expense plan associate, you realize that you can save $3500 per year by enrolling in the plan. The associate offers a 30 day Money Back guarantee. What information would you like to know before you consider enrolling in the program? What would you like to know about the network of law firms who work for the company that provides this service? Your feedback would be greatly appreciated.

[GuyBBY]

Just an off the cuff response I think of immediately is the issue of priority and exclusiveness should the "crap hit the fan."

If you are spending the $10k with a trusted private attorney that knows you, your history, personality, priorities, and is intimately connected to the goings on of your business, then when push comes to shove, to them you are a valued client and they will probably go to bat for you with extra dedication and sense of connection. In large networks you could be just a number or file. Therefore you could think of the extra $3500 as insurance, in a way, that will ensure you a loyal and dedicated attorney that will do all he/she can to get you out of a situation in the most favorable of ways.

Just my initial two cents.

Guy

[myfayt]

Cheaper isn't always better

[Justice44]

Just an off the cuff response I think of immediately is the issue of priority and exclusiveness should the "crap hit the fan."

If you are spending the $10k with a trusted private attorney that knows you, your history, personality, priorities, and is intimately connected to the goings on of your business, then when push comes to shove, to them you are a valued client and they will probably go to bat for you with extra dedication and sense of connection.

This could be true. But suppose you are spending 10K on a law firm which you interact with several attorneys per year. Would you have the same perception?

In large networks you could be just a number or file. Therefore you could think of the extra $3500 as insurance, in a way, that will ensure you a loyal and dedicated attorney that will do all he/she can to get you out of a situation in the most favorable of ways.

Just my initial two cents.

Guy

This may be true. This is why if I were a small business owner I would test the service for 30 days to determine the quality. If your theory is true, he or she should cancel the service and demand a full refund.

[Justice44]

Cheaper isn't always better

I agree. However, cheaper doesn't always mean an inferior product or service relative to its competitors.