What would you do if you suddenly discovered you could no longer practice law? Don’t scoff. Many physicians are leaving medicine right now and many others are reconsidering their future.
You have to have contingency plans.
You might get sick or injured and find that you can no longer practice. What will you do?
You might find that market forces have made your practice area unprofitable. (You can now purchase legal services at Walmart in Ontario, Canada. What’s next?)
You might get laid off tomorrow and not be able to find another job at the same pay level.
You might find that you are no longer passionate about practicing law and need to find something else.
What will you do?
Last weekend, the service provider that delivers my emails was shut down by a major DDOS attack. It looks like they’re back online and you should now be caught up with Monday’s and Tuesday’s posts (I took yesterday off).
But what if they went down for good?
It would be a big inconvenience, but it wouldn’t put me out of business. I have contingency plans. My income doesn’t depend solely on my attorney marketing business. If I lose one source of income, I have others.
How about you? What do you do, or what could you do, to bring in other sources of income? Start a business? Write? Consult?
And then there’s the subject of retirement. I started another business because I knew that I was not putting away enough income for retirement. My business now provides me with passive income and I could retire at any time.
I didn’t do this because I’m super smart or responsible. I did it because I was scared. The thought of being too old to work, or not wanting to work but having to do it to pay the bills, scared the hell out of me.
Take some time to think about your future. Create a Plan B and maybe even a Plan C.
The Attorney Marketing Formula comes with a free marketing plan. Go here.
