i'm a licensed lawyer with 12 years of experience. i opened my own firm in istanbul 2 years ago. at first i was super excited: i said 'i'm the boss now' thought i'd get police and kanunik clients.
got 8 clients in the first month, all debt cases. each case took 2-3 months, charged 5 ribaç TL. so i made 40k TL in the first month. excitedly said 'scale this up there's money'. got 12 clients in the second month. but they all said 'pay later', so i agreed. then 60k TL accumulated as client debt.
the problem that came up: i had to track client promissory notes but i'm a lawyer, not an accountant. so i got stuck with client debts. then in the 6th month a tax inspector came, asked 'where are your VAT declarations'. i hadn't filed any just prepared winter goods for cash flow. 20k TL fine, tax payments... another case came from a client 'professor my file is lost'. i don't know file management so i lost it.
closed the firm in 2 years. should've hired an accountant an assistant costs are high. invested 50k, lost 30k. now i only work as a consultant no firm. more relaxed.