Episode 4: Managing Growing Pains
As your firm gets larger…
In this episode Tyson and Jim discuss about the perks of managing a growing firm.
As you hire more people, there are more people that are dependant of you. Sometimes this consumes your time and your energy. Don’t become a bottleneck in your firm.
Keep track of what it is that needs to get done. Make a list and then figure out who’s the best to do it. This will give you more space and time to you to make the things YOU need to do.
KPI: Key Performance Indicators: Things that you can identify, you can look at, that give an idea of what the direction of your firm is. For example: new clients, new leads. If you have your KPI’s in place you can correctly determine whether to hire or not a new employee or which decisions should be made. Put plans in place and follow through.
Hiring employees is difficult and expensive. Not financially but everything else> the time assisting, developing and growing them.
Sometimes, hiring a non experienced employee is better. They don’t have preconceived notions coming to the office and you can train them the way you need.
Zig Ziglar’s podcast. https://www.ziglar.com/
Automobile University. You can learn and listen in your car as you commute or travel.
Get the most out of everything. Maximize.
You give more to referral partners, to your clients, you give and you receive. A simple book, it breaks things down for you with 5 principles.
The Maximum Lawyer Podcast. Partner up and maximize your firm!