Life & Law Podcast: Lawyer podcast for sustainable success in law and life #114: Business Plan Basics For Lawyers
Jul 18, 2023
Discover why a solid business plan is essential for every attorney in private practice. Learn practical steps to kickstart your business plan and transform big ideas into actionable strategies. Uncover how to adapt and utilize your plan as your practice grows, creating a sustainable and successful law career.
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Treat Your Practice as a Business
- Treat your legal practice as a business, regardless of firm size.
- Understand your financials, market, and goals for a thriving, sustainable practice.
Business Plan as a Roadmap
- Create a business plan to summarize your long-term goals and strategies.
- Use it as a roadmap, management tool, and for self-assessment, but be flexible and expect changes.
Avoid Perfectionism
- Don't get bogged down in details; start with a bigger vision and adjust as you go.
- Clarity comes from action, not overthinking, so avoid perfectionism and embrace change.