You can do everything, but you can’t do everything at the same time. Words to live by. If you don’t have the capacity to deliver an acceptable level of service and attention, turn business down or delay it until you open up more capacity. It’s a problem solos deal with all the time.

You do legal work. You do the work of managing your practice. You have to know how much time you need for both, and what that translates to in terms of your availability. Taking business you can’t handle is the worst client service move you can make. You’ll become someone who is afraid of phone and email inquiries from clients that are on stalled on the runway. You’re at risk for delivering work that doesn’t represent your capabilities. You are at real risk of missing deadlines. Reputational risk rises with every day you can’t meet your commitments.

The time to be organized and create the processes that support your growing business is BEFORE you are busy. Even if your practice is a part-time one, you should manage tightly. Build an environment with an eye towards the future. Processes, templates, checklists, formats. Estimate, plan, and review your estimating processes to make them better. Stay connected to your calendar- not just in terms of deadlines, but in terms of the actual work hours you need to deliver client work and manage your firm. Know how far into the future your current obligations have you booked.

The first approach to leverage is simply to leverage yourself with processes and technology.  Then comes outsourcing and/or hiring. If you plan on earning a solid income, you will be adding resources. From Day 1, designate a budget you save for that purpose. In the beginning, maybe it covers a phone or transcription service. Later, maybe a contract lawyer, paralegal, virtual assistant, associate, etc. comes into the picture.  It is a delicate dance, adding resources vs. overextending. Don’t fear it, get ready for it.

I get the fear thing. It’s normal to be afraid to miss opportunities. Normal and even responsible to be concerned about the expense and management time that adding resources involves. However, the moment you have one client that wishes you had turned him down because you’re clearly too busy to deliver on your promise- it’s not only that client’s future business but his future referrals that you’ve put at risk. I want you to be wildly successful. I also want you to be wildly responsible. Don’t take business you can’t handle, delay it if you can and turn it down if you must. Trust me- if you’re managing your future opportunities, better to NOT take the business than disappoint a client. A lot less stressful for everyone, to boot.

Life is short, struggle is optional. Get help just before you need it. Say “no, thank you, I am so sorry” and refer someone when you have to. Manage responsibly.

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As we head to the end of the quarter, here are a few questions to consider for your strategy planning agenda.  That would be the strategy session you’re having, CEO to CFO, sometime next week or in early April. Depending on how the firm’s been doing, it can be a difficult time to be the CEO or CFO, but it’s always good to look at the facts and face the future.

  • What are you leaving behind in the first quarter?
  • What are you taking forward to serve you in the second quarter?
  • Are you on track to meet the goals you’ve set for 2012? If YES- what are you doing to celebrate?
  • Are there any changes you need to make to be more sure of meeting your goals?
  • Is it time to reforecast? Revise goals?  (note- this can be because you’re exceeding your goals, or because you have more information now and you need to revise downward)
  • What’s your “theme” or motto for the second quarter?
  • What are 3-5 KEY Q2 goals? What are your top priorities, ones that you come back to for focus and clarity?
  • If you had a coach, what would your coaching focus be for the next quarter? This can relate to action or to attitude. Need some examples?

Learn to let go of emotions that don’t serve me well much faster, roll with the punches.

Become connected to my calendar, “at choice” at least 80% of the time.

Follow-through, completion of one thing before moving on to another.

Be kinder, more nurturing in my relationships.

Learn to say no.

Every month’s end is an opportunity to check in with your goals, see what’s happening, make course corrections. If you’re doing that regularly, there won’t be any surprises in your quarterly review.  If you haven’t been consistent, take the opportunity now.  Check your financials and your pipeline. Look at how you’ve spent your time and the return you are seeing. If you don’t like what you see- then understand the ways that you might change those results going forward. (And put some monthly review processes in place. You will be more successful, I promise.)

Every milestone is a place to stop and take stock. Celebrate progress, learn from missteps, and create new energy around the future. Enjoy!

 

 

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Had a recent conversation about asking for referrals, and here’s a photo I got in my mail later that day:

Remember to ask for the referral!

It’s a visual reminder, now posted in sight of the phone.  Referrals are the easiest, least painful, most cost-effective way for you to bring in new business. When your clients are telling you how happy they are with your work, remember to ask them for their help as you build your business. There are a lot of tactics you can use to generate referrals, books on the topic, many scripts to try- but meanwhile, right now, would a postit help you remember to ask for a referral?

 Try it!

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As a business coach for lawyers, I’m hearing this more and more:

I know it’s supposed to be good to be generous and provide value to prospects. I have all this great information that I give away on my website, but I never hear from anyone who downloads it! They just take the information and think they can do it themselves, or use it with a different lawyer…

All experts struggle with the desire to help and serve with their expertise versus the fear of giving it away. It’s the conflict between adding value and eliminating the need for your services. And, let’s be clear that I mean perceived need for your services, because one of the worst jobs of any professional is to fix the problems that people create by NOT hiring a professional! Sometimes lawyers earn higher fees to address issues related to the new do-it-yourself legal services than they would if they’d done the work initially.

I’m a fan of Hinge Marketing; they focus on marketing and branding for professional services firms and they offer a generous amount of free information. I sent them Fairytale brownies for Valentine’s Day, so you know I think they’re special. What I want to show you today is the description of one of the resources they offer for free:

Copyright © 2012, Hinge Marketing http://www.hingemarketing.com

 This is a great example of how you can give prospects information they’ll value- and still position yourself as the partner they turn to when they’re ready to act. Look at the logical path the material takes; it starts with when/why you need the services, includes information regarding the investment clients might need to fund, introduces a timeline and offers the prospect other resources and tools.  And wait- check out that 6th bullet: 

How to select your rebranding partner

I’m pretty sure that whatever that list of criteria is, Hinge Marketing meets it and you know it by the time you hit that section. By then, you’ll have an idea re whether you want to rebrand now, whether you can afford it, how long it might take, and whether or not you’re interested in an expert partner. That’s about as much qualifying as you can do with no interaction. If you are ready- then Hinge has established its expertise and already started to create a relationship with you. They don’t “sell” to you. They encourage “try before you buy”. Wouldn’t they be your first call?

Back to the point- the piece offers a great deal of value to readers and it demonstrates expertise. What it doesn’t do is tell you how to do it yourself. 

Generosity works. Unless you’re new to me, you already know I believe you can market without doing anything that feels tricky or sleazy. This is an example of a great way to offer value to prospects, do a bit of qualifying as you educate, and create an appetite for your services.  Is it a tactic you can use?

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Is “Gazillion” Your Number?

February 8, 2012

A very smart financial services firm has a commercial that contrasts two neighbor’s approaches to financial planning. One of them has calculated his “number” to the penny- while the other one has a target of “gazillion”.  Of course, the number is the elusive “how much money do I need to…”. What’s the difference between the [...]

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Small as the beginning of BIG. Impact, that is.

December 2, 2011

This is how wayfinding works: you begin practicing certain skills just to feel better, but this seems to benefit other things too, until quite unintentionally you end up working to mend things you thought were far beyond your small scope. —Martha Beck, Finding Your Way In A Wild New World As often happens, just when [...]

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Wait- why do you have a website?

November 29, 2011

Your website serves two functions: At a minimum, as a “brochure”, it provides necessary and sufficient credibility.  At best, it is a valuable marketing tool. Everyone in business today should have a website and an email address attached to the domain name.   Add an “about” page and other basic information, and you have an online brochure [...]

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Ask for help. Be grateful. Owe many thanks.

November 21, 2011

Thankful for readers, yet stuck for what to write about, I rambled through Thanksgiving quotes.  Here’s the one that popped: On Thanksgiving Day we acknowledge our dependence.  ~William Jennings Bryan Yup.  If you’ve lots to be thankful for, it’s likely that you’ve had help along the way.  Most of you can also think of the [...]

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Great marketing advice, free, online, no email address needed!

November 10, 2011

Bet you thought I was going to offer you a white paper.  Sell you a seminar?  Nope, I’m offering you someone else’s free marketing advice.  It’s terrific advice and I don’t think I could present it better, so let’s not waste cyber storage on another report. There is no rocket science to marketing professional services [...]

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November Reality Check

November 8, 2011

What I’m asking clients to think about this week: Where are you versus your key 2011 goals? Review the time you have available versus what you have planned for the remaining weeks of the year – have you prioritized appropriately? Do you need to make any adjustments for holiday and/or end-of-year activities and attention spans? [...]

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