Ep. 020 - What's Your Business Plan?

Welcome to Attorney Heart, the podcast focused on bringing awareness to and promoting attorney well-being!
This next episode provides some key information from the Business Employment Dynamics prepared by the Bureau of Labor Statistics.  The survival rate for businesses is 80% after the 1st year, 70% after the 2nd year, 50% after the 5th year, and 30% after the 10th year.  As attorneys we often want to start our own law firms or businesses in other industries. To help you increase the survival rate for your business I provide a key tip: write a business plan.  This helps you stay focused on your mission, growth, finances, and other important areas.
For additional resources business statistics, check out the following:
https://www.bls.gov/bdm/
https://www.bls.gov/bdm/us_age_naics_00_table7.txt
https://smallbiztrends.com/2010/06/business-plan-success-twice-as-likely.html
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Fernando Flores has been a trial and appellate attorney for over 10 years.  He graduated from UC Berkeley with Sociology and Rhetoric degrees and then studied at UC Davis Law School where he obtained his J.D.  Fernando founded iMATER NOW to help fellow attorneys live happier, healthier lifestyles and he provides resources and information on the topic through the Attorney Heart Podcast.  Apart from being an attorney, Fernando is a High Performance Coach for Attorneys and Law Firms and a Speaker at Law Schools.