Reader,
When I first started my practice, I committed to having dinner with my family at least 4 times a week.
​
I believed that I would better able to set my own schedule, choosing my clients, and building something meaningful.
But two years in, I was working longer hours than at my old firm, constantly worried about cash flow, and hadn’t taken a real vacation in 18 months.
This wasn't the freedom I had envisioned.
The practice I built to free me had become my jailer.
I know I'm not alone.
The good news is, there's a way out.
Three Reasons Why Your Practice Feels Like A Prison...
Here’s what nobody tells you when you hang out your shingle: Without intentional design, your practice defaults to chaos.
And one of the biggest driver of that chaos: one's relationship with money.
This is not just theory.
In the aftermath of the pandemic, I personally experienced how my relationship with money can sometimes trap me in a recurring prison:
- Prison #1: The Feast-Famine Cycle. You take whatever clients walk through the door because you can't predict next month's revenue, leading to energy-draining work and compromised standards.
- Prison #2: The Time-Money Trap. Your practice is built around the exchange of time for money; and an assumption that earning more means working more—creating an impossible equation where your financial success requires personal sacrifice.
- Prison #3: The Systems Avoidance. The urgency of running your practice prevents you from building systems vital to creating long-term freedom..
How I'm Working To Break Free
Everything changed when I finally began gaining clarity about my practice finances.
I discovered that the breaking out of the "prisons" required money clarity; clarity which was essential to:
- Saying “no” to wrong-fit clients
- Creating time boundaries
- Investing in systems
- Making strategic decisions - not desperate ones
Last Invite: The Money Clarity Workshop
On that note, this is your last invitation to our Money Clarity Workshop on April 2, 2025, a hands-on workshop specifically designed for solo practitioners who want to transform their relationship with practice finances.
This isn't about complicated spreadsheets. It's about:
-
Creating financial systems aligned with your personal values and goals​
- Developing a sustainable profit framework that supports innovation
- Implementing pricing strategies that maximize both profit and satisfaction
So if you want to get better control of your financial future, join our workshop and discover how to break free from the prison that afflicts your practice.
Remember: Financial clarity isn't about becoming an accountant.
It's about creating the foundation that allows your legal expertise to truly flourish.
Committed to your success,
Romesh
p.s. I've started an innovation-focused newsletter called Clarity > Chaos on LinkedIn. Consider subscribing if you want to learn about some of the foundational innovation principles behind our work at Lawtrepreneur.