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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?
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.
And you can make exceeding their expectations one of your long-term goals. If you are already a partner, your mission might be to become one of the firm's top rainmakers.
To accomplish this, one of your long-term goals might be to develop a certain percentage of new business from your existing clients over the next two years.
Your parents were right: You can do, and be, anything you want. The best way to map out these steps is to start at the end and work your way back to your situation.
Solo Law Firm Business Plan
Here is how your analysis might work: Establish long-term goals.Six Weeks Until Solo Practice (audio tutorial and worksheets) FREE 2 hour class. Many of you work in firms that don't have a business plan for the firm as a whole, let alone your practice group or individual attorneys.You also might speak with those responsible for making partnership decisions, to hear what they want to see you accomplish to support the decision to make you a partner.Once you know their expectations, you can align your long-term goals with their expectations.In fact, you should try to keep it to one sentence.The most important thing to remember is that whether you want to become a partner in your firm, help the less privileged, become a judge, move in-house or start your own firm, your mission is yours and yours alone. All that's left is to figure out the steps between your situation and your destination as described in your mission statement.Do your goals and objectives capitalize on these trends? You know where you are, but where do you want to go?Given this analysis, what threats do you need to avoid and what new opportunities can you capitalize on? Think about creating a mission statement for yourself.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.