Monday Motivation

Want more inspiration, tips and advice for your awesome law practice? Check out Law Office on a Laptop, Second Edition: How to Set Up Your Own Successful Law Mobile Law Practice.

7 Step Business Plan for Busy Solopreneurs

 

Does a solopreneur need a business plan? Benjamin Franklin said, “If you fail to plan, you are planning to fail!” This is especially true when starting a business.

Going through the exercise of writing a business plan will focus you on your talents, strengths and weaknesses, and identify where you may need help with the launch of your business.

Additionally, you will need a business plan if you want a loan.  Most startups, start small and self-finance the costs of setting up.  However, if you were to ask a bank for a loan, they would want to see your business plan as part of the application process.

Your business plan does not need to be formal but should be organized.  There are many books and online resources for writing a business plan. The US Small Business Association (SBA) is a great resource for developing your business plan at www.sba.gov.

7 Elements of a Business Plan

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This could be your office…

 

Want more tips and advice for your awesome law practice? Check out Law Office on a Laptop, Second Edition: How to Set Up Your Own Successful Law Mobile Law Practice.

What to Do in the First 8 Seconds of Your Law Marketing Video

Nicole Abboud, founder of Abboud Media, shares what you should do in the first 8 seconds of your law marketing video (and in the remaining time) to put together an effective video for your law practice. Her company has great insights of how to use the power of video to build your brand and grow your law practice.

 

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What I Wish I Knew About Solo Law Practice…An interview with Liz Johnson, Esq.

Liz Johnson Interview
Liz Johnson, Esq.

Liz Johnson has a mobile law practice, E.H. Johnson Law where she focuses on estate planning in Annapolis, Maryland. She also writes about the highs and lows of starting a solo practice in her Young, Hungry & Committed blog for Law Firm Suites. She shares her advice for the newly minted attorney: lay the right foundation for your practice, learn all you can, seek help from other attorneys, and get out and network! In our interview, she talks about the excitement a mobile lawyer can have from mastering new concepts, to thinking of creative ways to network, to being attacked by a rooster!

Q. Why did you make the leap to start your own law firm?

A. When I was still in law school, I landed a prestigious internship with a government agency.  I loved that job but it is difficult to jump back into government job.  Once I passed the bar, my temporary security clearance expired, and now I needed 3 years of experience to apply for a legal position.  After the bar, I started out doing document review but didn’t want to do that forever.  I connected with someone who said I could use the second office in their suite.  I didn’t know what I wanted to practice, didn’t have any software, didn’t have any procedures, but I quickly started hunting for books and resources on how to set up a practice.

Q. What makes your practice unique?

A.  I have a mobile law practice. After paying rent for an office I hardly used, I invested in some good tech – printer, scanner, other things.  I throw it in my car and meet people at or near their home.  My services are focused on estate planning, real estate and mediation.   For convenience, I use a virtual office suite with Law Firm Suites. Read more