Working moms rule the world. If you have ambitions to start your own law firm, don’t let yourself feel like it’s an impossible undertaking. You can start your own firm and create a better life and future for yourself and your family if you take an informed and reasonably paced approach to turning your goals into a reality.
1. Get Everything in Order at Home
Starting a law firm with the knowledge you need isn’t necessarily a difficult task, but it is a time consuming one. You’re going to want to be able to set aside a few large blocks of time for learning, strategizing, and planning. This might require some shifts on your home schedule to accommodate your planning phase. Iron out all the details on the home front first.
2. Brush Up On Your Law Education
If you’re currently a lawyer, you used to be a lawyer, or you’re interested in becoming a lawyer, take a small refresher before you dive right in. With things like online courses, you can refresh your memory (or take in new knowledge,) from the comfort of your own home. It always helps to feel a little more secure in your understanding of something before you achieve higher aspirations within that field.
3. Create a Personal Checklist
Since starting a law firm involves a lot of complexities and nuances, it helps to create a personal checklist with small but significant goals. A lot of this checklist should involve things you need to research, like costs, finding a suitable office space, and satisfying legal requirements. Break everything down into bite sized pieces, and each step of the work will feel like a small snack.
4. Find Your Ideal Structure
Law firms can operate under a variety of different structures. You can be the sole proprietor, enter into a partnership, be a company, or a corporation. The structure you choose directly affects every other part of the process. Until you decide on a structure, you can’t exactly get into the specifics of getting your law firm off the ground. Weigh the pros and cons of each structure, and see which one melds best with your vision.
5. Look Into Business Requirements
The requirements in every part of the world different. Satisfying business and legal requirements is a process that might require help from an outside lawyer. You might need help from a lawyer in Australia if that’s where you intend to open your practice. There’s a lot of overlap in requirements, but the devil is always lurking in the details.
6. Draw Up a Budget
Budgets can be a doozy, and a lot of people forget about important startup costs until it’s too late. You might have considered how much it would cost you to make necessary purchases and investments that specifically relate to a law firm, but don’t forget about the other unavoidable expenses. You’re going to need to buy things like office furniture and printers and paper goods as well – and these costs can come as an expensive surprise if you didn’t plan for them.
7. Pace Yourself
Rome wasn’t built in a day, and your law firm won’t be either. That’s perfectly alright. Sometimes, it’s better to take a long time to do things the right way than it is to throw yourself at something with full force when you don’t have a strong contingency plan. As long as you’re making measurable progress towards your goals each day, things will come in time.
There’s nothing in the world a mom can’t do, no matter how lofty her ambitions may seem. As long as you take things one day at a time and see yourself making valuable progress, you’ll be surprised how short the journey may seem from idea to reality.