1) Taking the Leap & Losing Sleep
So you've decided to open your own law firm. After five years at my old firm, that's what I decided to do. I had some seed money, a lot of great experience, and I thought, "How hard could it be?" A hint at the answer can probably be found in the fact that I spent the first several nights waking up at 4 am and being unable to get back to sleep due to the unstoppable to-do lists running through my head. I had to get an office, setup said office, setup new bank accounts, get a work phone, setup a website, get clients, fulfill obligations I already had, and find the time to actually do work somewhere in there.
Needless to say, it was a bit daunting. The first few days I would occasionally be paralyzed by waves of anxiety: "Had I made the right decision?" "What the heck was I thinking, trading a steady paycheck for the uncertainty of self employment?" But then I would remember the positives: "I am my own boss now." "I am solely in charge of my future!" Not to mention, look how unhappy so many of my friends were at their jobs, and I certainly couldn't say that. Over time, the waves of panic became less frequent as more of those basic things were getting done, as I will explain in the next post.