The Attorney-Turned-Entrepreneur Advantage
The Street:
Even business owners may have trouble grasping the concept at first: lawyers who give up their practice to become entrepreneurs. After all, who hasn’t daydreamed about standing in a courtroom and nailing a murderer, getting him to break down and confess to a horrific crime?
And yet you have people like Ramy Abu-Yousef, 31, who has happily ditched the lawyer life to go into the restaurant business – and he’s not alone. The evidence may be mostly anecdotal, but there’s no shortage of attorneys turned entrepreneurs, and maybe that shouldn’t be a surprise. After all, what’s one of the first pieces of advice an entrepreneur hears when they start a business? Get a lawyer. From the get-go, the attorney-turned-entrepreneur has an edge.
Abu-Yousef, born and raised in Iowa, became the black sheep in the family by going into law. His father was a doctor, and his brother, sister and brother-in-law were all physicians. Becoming an attorney was unthinkable, but eventually his family got used to the idea. And so when Abu-Yousef decided after six years of practicing law at some of the most prestigious firms in the country to open a restaurant, his parents in particular figured their son had lost his mind.
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