Avoid These Common Startup Finance Hazards: “Avoid These Common Startup Finance Hazards”
By MICHAEL L. O’BRIEN
“When she opened her law practice in southeastern Massachusetts, Maria O’Connell-Unda faced a financial challenge common to most new soloists — the ability to create a cash reserve.
No revenues were coming in during those first few months, yet she had overhead costs associated with establishing and running a new law firm, including rent, computer supplies and office-furniture purchases, marketing costs and utilities. ‘It was tough to save money’ during the transition to becoming a self-employed attorney, says Ms. Unda. ”
– Yes, Yes and Yes! This is how you do it. -ed.