If you’re struggling with the concept of going solo, trying to decide whether it’s for you or just a nice daydream, wake up and test the waters. Going part-time in a solo practice is one way to do just that. A part-time solo business is more practical for some practice areas than others; while it might be difficult to manage a litigation practice on a part-time basis, especially when you’re currently working full-time at the “day job,” something like contract drafting or estate planning can work beautifully.
The part-time approach has lots of advantages. It allows you to build up a bit of a nest egg to fund your eventual full-time transition. You get the experience of running a business in a more manageable chunk, as opposed to being inundated with the many tasks that a full-time solo has to juggle. You can build up a client base, which might be especially beneficial if you’re coming from a practice that won’t leave you with a portable book of business when you do hand in that resignation letter.
But the main advantage of this approach is the real-life test. It’s all well and good (and very beneficial) to use the power of your imagination, as well as your rational and intuitive “minds” to make such a big decision. However, to ice that cake, nothing will beat the actual experience of being a solo, even on a part-time basis. Sometimes, you just have to dive in!
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