I received an email this morning from the ABA (as my blog has a link on their site) asking me to share a link to this survey on my blog. I’m happy to do so and definitely recommend that you lawyers out there help the ABA out with the survey!

The current financial situation is very challenging for us all, but I feel certain that times will eventually improve.  Patience is the key I guess, and making smart choices in the meantime!

I actually feel that some businesses will really prosper despite, or maybe because of, the current financial climate. Smaller, leaner, more cost-efficient businesses can much more easily work to provide services that are valuable to consumers in these times. For example, lawyers are still very much needed in times of economic slowdown, but solo and small law practices are in a much better position to offer services to clients at a price that they will be willing to pay.

Virtual assistants are likely to do well during these times as well. We offer good value for the money and can be a great alternative to traditional in-house staff. You only pay for the time or service you need, if your business slows down you don’t have to keeping paying a full-time salary just to have an employee sitting bored part of the time! Most of us virtual assistants are also happy to work on a capped fee basis for specific projects, so you can be in control of the costs right from the start.

While we all wait for the economy to improve, we need to take steps to minimize our spending and improve our own bottom lines! Take care!