I’m a full time lawyer and I also coach burned out lawyers. I recently decided that I wanted to build up my coaching business over time to replace my income so I can become a full time coach one day. However, I’m currently having a tough lawyer year and one of my biggest legal clients is having financial hardship and that is negatively impacting my revenue generation and law firm requirements. I want to stop being dependent on that client and I know that the best way to do that is to generate more legal business. I was invited to a business networking group that costs approximately $750 + fees to join and it connects me with other non-lawyer business owners throughout the state for networking opportunities. Some people have had mixed results with this networking group, but it is a legit national networking company. The thought that I am currently thinking is that I would rather pay to learn how to build my own business than to pay to learn how pay to build someone else’s business, which is causing resentment. The money amount is not the issue for me, I think it’s the fact that I have to pay to meet legal clients when I’d rather just use that money to build my coaching business. But I also have been put in contact with other potential clients who I have not followed up with to schedule introductory calls with.
C: Business networking org costs $750 + other fees for one-year membership
T: I would rather pay to learn how to build my own business than to pay to learn how pay to build someone else’s business
A: Reflect on the last 10 years at the law firm and how I have built the “wrong” book by putting so much into this one client. Think about working somewhere else. Don’t update firm bio to be more clearly geared towards the work I want. Don’t respond to the other potential clients to set up a call. Stop creating coaching content. Spin in resentment and indecision.
R: I’m not learning how to build any business because of my thought.
I’m feeling a little stuck and could use some feedback on this UM before moving forward.