A Movement to Shift the Entrepreneurial “Needle”

Jul 7, 2020

I felt over all the functions, except for the legal side, others experienced all of plus the legal side. I also started experiencing the true impact of not dealing with the legal side. Conversely, I realised that those who saw to the legal components from the start were more successful sooner. I also saw in many instances how successful businesses improve lives. We tried many things to make law more accessible and by doing so, to help more businesses succeed.

A Movement to Shift the Entrepreneurial “Needle”

July 07, 2020

“I realised that how I felt over all the functions, except for the legal side, others experienced all of plus the legal side. I also started experiencing the true impact of not dealing with the legal side. Conversely, I realised that those who saw to the legal components from the start were more successful sooner. I also saw in many instances how successful businesses improve lives.  We tried many things to make law more accessible and by doing so, to help more businesses succeed.”

I am an admitted Attorney of the High Court of South Africa, Conveyancer, Notary Public and Mediator; I have a passion for entrepreneurs and helping them reach their most ambitious goals. I have enjoyed the confidence of many successful entrepreneurs. As a trusted advisor I have actively contributed to the successes of many businesses.

In 2007, I moved to Cape Town from Bloemfontein in the Free State. I started the firm SchoemanLaw Inc (“SchoemanLaw”) when I was 24 years old (in 2007). My journey in building a medium-sized law firm (i.e. 0 – 50 employees) as a sole practitioner in a male-dominated industry has been a great adventure.

Reflecting on my journey now; I remember the days where from around the 15th of the month I became concerned about my ability to pay the rent. As I started to employ staff, I was aware of the fact that their fate was in my hands. I also recall the isolation frequently felt and found that many of my family and friends; simply could not relate to some of the stresses and worries I was experiencing.

At least one thing I did not have to lose sleep over was the legal side of my business. I had that covered, being a lawyer afterall. I am pretty good with numbers and have a talent for research as my curios mind is always looking for answers. Everything else in building a business was damn hard work, especially when money was tight.

So, I started looking for online tools to make my life easier and have found and used many over the years. Eventually, my law firm, SchoemanLaw Inc became one of the first law firms to be paperless in South Africa. As my client base grew to include more entrepreneurs, first the more established and later start-ups and small businesses, I realised that how I felt over all the functions, except for the legal side, others experienced all of plus the legal side. I also started experiencing the true impact of not dealing with the legal side. Conversely, I realised that those who saw to the legal components from the start were more successful sooner. I also saw in many instances how successful businesses improve lives.  

We tried many things to make law more accessible and by doing so, to help more businesses succeed. It was only in 2018, when we launched what is now known as Contracts4Biz, that I believe we started shifting the needle on this issue.

Contracts4Biz is South Africa’s first contract builder tool supported by a law firm. It provides people access to contracts that would sell for thousands of rands for under R400 per document. It is instantly available to keep up with the time demand of business and more accurate than a human can ever be.

We support entrepreneurs to effectively establish legal foundations in their business for optimum growth and overall business success. We apply our first-hand understanding of the challenges facing entrepreneurs to develop proven, practical solutions incorporating legal compliance, risk aversion and business sense.

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Nicolene
Share via:

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also like…

Business Silver Linings – Post-Election and Down in the Dumps Economy? Possible?

Business Silver Linings – Post-Election and Down in the Dumps Economy? Possible?

In times of economic hardship, businesses face challenges that test their resilience and adaptability. We have just returned from the election polls in South Africa. The uncertainty of the unprecedented outcome has been felt throughout society and in our pockets. While this can be daunting, it also presents invaluable lessons that can strengthen a business’s foundation and prepare it for future uncertainties. It could serve as a valuable opportunity to adjust or even to measure impact and relevance.

Pushing Boundaries or Breaking Bonds?

Pushing Boundaries or Breaking Bonds?

In South Africa, many businesses are family-owned and operated, with ownership often passing from one generation to the next along the male line. Traditionally, this means that many women support their fathers, brothers, and spouses in the business. Although this sounds familiar or even “as things should be” situation, managing a family business involves navigating complex personal and professional relationships. Be that as it may, family businesses are more than that – they are central to the reality of many families. It is not just another business; it goes to the very core of financial prosperity and home dynamics.

It is indeed a complex situation, but let’s add another layer of complexity, one that we rarely hear ventilated until we are in a courtroom. What happens when a woman is the leader instead of a man? Perhaps, let me put it bluntly, it is when a woman employs her husband, partner, father, or brother.

The issues this brings is a shared responsibility to address, it refers to how we raise our children and support our friends and families that find themselves in the grips of this reality. If we get this right, this will not only benefit the women at the helm but also strengthen the family business sector and the family unit as a whole.