Procrastination is a Recipe for Risk | Business Law

Procrastination is a Recipe for Risk

April 21, 2021

When we work with a client who plans to buy a business, we are always upfront with our suggestions. And we will never encourage procrastination. Instead, we’d rather see them go after their goals, find the acquisition opportunity, and move ahead with closing the purchase. Ensuring that everything checks out in the deal, there is no reason to wait. 

This advice holds true whether we’re talking about mergers and acquisitions, as a buyer or seller, in commercial litigation, or as a plaintiff or defendant – putting off until tomorrow what could be started today isn’t a recipe for success.

The Results of Delaying

For one thing, holding off on beginning the process of litigation or acquisition will only increase the cost in the long run. In turn, risks go up because once a client has sunk excessive time and finances into the deal, they aren’t as likely to turn back should things turn sour. Moving quickly – with the right guidance – enables smooth pivots and spares headaches. 

When a client is looking to sell their business, we’d advise just the same: move ahead and plow forward. There is really and truly no time like the present to act once the decision is made. In litigation, we find the same truth holds and we recommend that our clients proceed with dispatch and get after their goals.

Of course we all know that courts and the litigation process are naturally slow, even painfully so at times. But this is no reason for the plaintiff to drag their feet. By aggressively prosecuting the claim and avoiding delays and postponements the eventual recovery remains in tact and costs stay lower.

We understand how a defendant could think that procrastination is a way to delay the inevitable – paying on a claim. In that sense they might reason that a delay is beneficial. But when you consider the time and effort involved in the litigation and the distraction and the uncertainty of it all, even seen from the point of view of a defendant who has something to lose, procrastination is generally not a winning strategy.

Work With Business Law Experts Today

At Calkins Law Firm, we see daily reminders of how painfully slow it can be to proceed with a business transaction, whether it’s buying or selling, commercial litigation, or as a plaintiff or defendant. For so many reasons, including reduced costs and risks, we will always advise our clients to push ahead and move toward the conclusion. Unlike procrastination, being proactive is a sure recipe for success, and it’s one we whip up daily. If you’re looking to work with business and real estate law experts to see your case through without delay, get in touch with Calkins Law Firm. We’re here to help.

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