Starting Your Own Firm

Going out on your own is a dream for many professionals.

Setting up a new firm can be a bewildering experience, but starting off with the proper business infrastructure and systems will spell the difference between an exciting and successful career development, or a difficult and stressful experience. 

To show new business owners the way, Oomph has teamed up with Denise Robertson and David Mills of Mills and Mills LLP, a Toronto-based law firm that has been providing timely and expert legal counsel to its clients for over 125 years. 

The result is 'Starting Your Own Firm', a dynamic, full-day workshop that shows how to structure the legal aspects of the business; finance the start-up; set up the financial and operational systems; and lastly: how to name the practice and launch marketing initiatives to get work in the door!

You Will Learn:

How to approach the practice strategically

• Why are you going out on your own?
• Where are you headed & what would you like to achieve?
• How much money would you like to earn?
• Do you have what it takes to run your own practice?

How to choose a practice structure and legal framework

• Buying vs. launching your own firm
• Choosing partners
• Choosing your practice structure & legal framework - i.e. sole proprietorship, corporation or LLC
• Required federal, provincial and municipal registrations and permits

Risk management systems and protocols

• Due diligence to ensure compliance with professional regulations and standards
• Protecting your business and intellectual property with effective & user-friendly contracts
• Privacy legislation - the PIPEDA Act
• Computer safety 101
• Practice back-ups and continuity preparedness

Financial set up and management

• Financing the office set up and practice operations
• Insurance
• How to set up the banking and financial administration system
• Assembling an effective financial support team
• How to create a budget and profit plan and a cash flow management system

Marketing and business development

• Choosing a name for the firm
• Developing a brand strategy & writing key messages
• Developing a graphic identity and branded practice and marketing tools
• Setting up a website
• Establishing a marketing budget & marketing tactic mix

Operational set up and management

• Practice management systems, protocols and standards
• Client & case management protocols and standards
• File management protocols and standards [for lawyers]

Who Should Attend:

• Professionals who are thinking of launching their own practice
• Professionals who are in the process of setting up their own practice and would like to ensure they've 'covered every base'

Payment:

If you prefer to pay us directly with your credit card, please e-mail us your contact information and an Oomph representative will get back at you.

For great tips and resources on business management, visit our website: www.oomphgroup.com