Understanding the Law for your Business or Career

How much do you actually know about the law and the role it plays in your job or business?

How much do you actually know about the law and the role it plays in your job or business? 

Not much? Unless you’re a lawyer, does it really even matter? Absolutely.

Whether you’re a business owner, thinking about starting a business, or an employee with no entrepreneurial aspirations, it’s important to have at least a basic understanding of the law, how it functions and what the purposes of law actually are … today’s podcast above delves into that.

Think of it like one of those civic duties such as voting or jury duty.

Essentially, a law is a rule that has the following functions:

  • To help us keep the peace. 
  • To shape moral standards. 
  • To promote social justice.
  • To maintain the status quo.
  • To facilitate some kind of orderly change.
  • To facilitate planning.
  • To provide a basis for compromise.
  • To maximize individual freedom.

Sure, that may seem like a lot to absorb, but the law and the legal systems that make up the world really aren’t that complicated.

It’s more about knowing where to look and understanding the history behind the laws and the people that you’re working with, as well as understanding your role in the future of your jurisdiction, wherever you live – local, state, international.

In its simplest form, a law is a rule about something you can or cannot do, except in certain situations.

They are explicit expectations that the government, ruling bodies, or whoever’s in charge has of us, our conduct and how we conduct ourselves in our day-to-day lives.

As a result, laws are expectations that we also have of ourselves and others. 

So as you move forward either in your profession, business or daily life, be aware of the law and how it functions so that you can make the best decisions for your life and career.

Extra Credit

As you go about your day, think about these questions:

  1. What do you know about the law and the role it plays in your profession, business or job? Think deeply. 
  2. Are you open to the idea of throwing everything you thought you knew right out the window? If so, you’re off to a great start.

Next Steps

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