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Starting a business is not for the faint of heart but during the past two years, the pandemic has spawned a considerable increase in the number of small business startups and entrepreneurs. The numbers are staggering: According to Peterson Institute for International Economics (PIIE) since 2019, entrepreneurship has risen 24%, with the US gaining over four million new entrepreneurs in 2020. Small Business Trends states that women have accounted for 27% of new small businesses, and Fundera reports that there are over 2 million Black owned businesses in the United States, with 35% of those businesses owned by Black women.
Entrepreneur and Managing Attorney of Bonner Law PC, Lisa Bonner Esq. says many are starting new ventures inspired by creativity, drive or necessity, yet many new and existing entrepreneurs don’t adequately give attention to properly laying the foundation for the business to be positioned for success.
Photo courtesy of Lisa Bonner
Bonner, a successful entrepreneur for over 20 years, is a veteran entertainment and intellectual property attorney who provides counsel for large media companies, film distribution companies, producers, writers and publishers for her firm’s music, television and film clients. She lectures extensively on entertainment and intellectual property matters for various associations and law schools including Harvard Law School, ASCAP, and The Grammy Foundation.
In her new business book, The LegaliTEAS of Entrepreneurship: The Relentless Pursuit of Excellence and Balance in Starting Your Own Business Bonner has written an informative small-business primer for the layperson that addresses the questions that concern every entrepreneur regardless of industry, straight, no chaser.
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