Solo Law Firm Business Plan

Solo Law Firm Business Plan-80
In fact, you should try to keep it to one sentence.

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Remember, if you don't plan your career, someone else will plan it for you. Personal business planning is not about writing a 50-page manifesto outlining every detail of every day of your professional life for the next 10 years.

Have you ever considered producing a business plan for yourself? In fact, personal business planning can be as simple as you want to make it, as you can see here with this sample business plan for law practice PDF.

You don't even have to call it a business plan -- call it a career plan if you prefer.

No matter how simple you make it or what you call it, personal business planning is about taking inventory of where you are, determining where you want to go and building a roadmap for getting there.

To accomplish your objective of working on three projects in a new practice area, you might determine that you need guidance and additional skills.

Then you could identify a mentor with experience building new practice areas.

What is the status of your network and your reputation?

How does your personal situation compare with external factors such as your firm's goals and objectives?

To acquire new skills, you could take continuing legal education courses or seek opportunities to work on the types of matters that will develop those skills.

To develop additional business from existing clients, you might start by scheduling regular entertainment outings with key clients and in the meantime educate yourself about their businesses. What do their most recent annual reports reveal about their strategies? What legal needs might these clients have that your firm is not serving?

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