I know. It’s a strange title. Having cash is always good. However, using cash to buy what you need isn’t always the best. Let me explain.
Sometimes what stops a lawyer (new or old) from starting a solo practice is not fear about knowing the law or finding mentors. It’s about affording to go into practice. Health insurance is a big part of the ‘affordability’ question. It is for all self-employed people. It is for me, too.
In the course of discussing opening a solo practice, naturally we got on the topic of insurance. Clearly, much was discussed about errors and omissions insurance, the pros and cons. But when I suggested if money was tight that a new solo was wiser to buy disability insurance instead of life insurance, that’s when the questions started to roll.
It’s Spring, traditionally time for a little Spring Cleaning. Toss out the old, start fresh. For the solo attorney, that often means purging ourselves of bad habits and setting some new goals.
This Spring, I recommend that you stop being toxic to your business. Yeah – you heard me. YOU are toxic to your business. And you need to stop it!
Most people think that our happiness is caused or limited by the circumstances around us. Sure our circumstances are triggers for happiness or unhappiness, but you always have the choice about how you feel in response to what’s going on around you.
Let’s face it. As we have more and more contact information to share, we load up our signatures until the text following our e-mail is ridiculously long and cumbersome. I’ve certainly been guilty of this as are others I know. Or, we don’t use our signatures effectively.
A month ago I received my autographed copy of The Ultimate Guide to Solo and Small Firm Success by Connecticut solo attorney Renee Caggiano Berman. Naturally I was a little excited as she had requested I write the foreword to the book and I agreed after seeing two sample chapters.
It takes hutspah to believe in yourself, your goals, and your ambitions in the face of those who don’t believe in themselves. It’s easy to take the path of least resistance, to cave when facing those wagging fingers warning you of the perils of starting a solo practice.