Episode 6: View Your Law Firm as a Business

“Allow yourself to think of your law firm as a business”

In this episode Jim and Tyson discuss about whether if it is good or not to run your law firm as a business.

Before introducing today’s topic, our hosts discuss a little about the advantages of making law videos. That will be a topic for upcoming episodes!

The old guard versus the new guard. Some young attorneys still work exclusively on building their skills. That’s great, if you are going to work for somebody. If you are going to build your own firm, you can be the best attorney in the world, but if you don’t have any clients you will not be able to be the best attorney in the world.

What’s the most important part of being an attorney? Get the clients to the door.

Develop business and bring business.

Quickbooks, payroll, hiring… Lots of skills you’ll need to learn if you are going to have staff. And if you won’t learn them, they should be taken care of by an assistant.

Hiring staff: are you good at it? A connected world has it’s advantages, you can outsource stuff virtually. Delegation: take the things that you shouldn’t be doing and give it to the people that should be doing them. Very key to run a successful law firm.

Allow yourself to think of your law firm as a business; develop clients and grow your client base.

Hacking’s Hack: The Ultimate Sales Machine: Turbocharge Your Business with Relentless Focus on 12 Key Strategies. By Chet Holmes. Portfolio; Reprint edition (May 27, 2008)

Practical advice on bringing in business. Systems. Maximizing. Client retention and obtaining efforts. Go on and listen to it in your car!

Tyson’s Tip: The 12 Week Year: Get More Done in 12 Weeks Than Others Do in 12 Months. By Brian P. Moran and Michael Lennington. Wiley; 1 edition (May 20, 2013)

Breaking your year into 12 weeks at a time and stop thinking annually. You get more done. Goal Setting.

The Maximum Lawyer Podcast. Partner up, and maximize your firm.

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