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Five Essential Roles For A Successful Practice – Part Three

In our previous posts, [Part One] and [Part Two] we outlined the five essential roles of a successful business as that of the entrepreneur, the visionary, the transformer, the performer, and the leader.  We have already clarified that the entrepreneur identifies the value in the marketplace to be delivered and gets it delivered in a way that benefits the world, with his or her direct involvement (Level One entrepreneur) or without (Level Two entrepreneur).  The visionary, as a distinction, is someone who thinks about or plans future pursuits with imagination and wisdom and is able to envision how to create the value the entrepreneur identified. The transformer is the one who, with their own skills, knowledge and resources, transforms the idea that is identified and envisioned to benefit the world into a product or service that is deliverable.

Bigstock-Creative-sign-with-the-text---75543127The role of the performer continues and completes the process by utilizing their individual talent to excel at delivering to the recipient the intended benefit identified by the entrepreneur, envisioned by the visionary and created by the transformer.  Performers are critical to the success of the entrepreneur, visionary, and transformer.  Without them, the value that has been identified and created is not delivered to anyone who can benefit from it.  

When we think of a performer, we often think of an actor.  An individual actor performs and makes the consumer imagine the role that the performer is portraying.  The risk to performers, however, is that their role can be relegated to technology or commoditized.  An example is when a high-level actor in a theatrical play on Broadway becomes commoditized to an extent by a TV show that recreates the role in a studio, and with technical assistance that increases the volume (number/time of production) and, ultimately, reduces the skills needed (with special effects).  You can take this even further when you consider that some of the newer, most popular shows don’t even involve humans, but are cartoons that have largely eliminated the performer.

In a Lawyers with Purpose law firm, the individual performers are the differentiating factor because they create a user experience that cannot otherwise occur.  Think of some examples in your practice of peak performers.  You may be a peak performer; that is, an exceptional lawyer who uses your technical skills and abilities well.  In that role, you are serving as a performer by delivering the value identified (legal options) to the consumer.  Another example of a performer is your client service coordinator.  They manage the client from the initial call to your office, through the entire process until the work is done.  In your experience you can recall employees who are exceptional at this and others who were not – therein lies their level of “performer.”  Performers solidify the value created by the transformers and envisioned by the visionary and solve the need identified by the entrepreneur. Businesses need performers at every level, from client services to legal technical to drafting to relationship management with allied professionals. 

But be clear – performers are meant to interact with the ultimate beneficiary of the service or product.  At Lawyers with Purpose, we are very clear on the role of the performer, and we have even set the standards for performers to thrive.

So there you have it – four of the five essential roles to have a thriving, purposeful practice, which will enable success that will be the envy of many.  The distinction of the final role – that of leader, which will be discussed in our next and final post on this topic – will identity the potential exponential impact a leader can have on the first four roles.  

If you want to learn more about what it means to become a Lawyers With Purpose member, join our webinar "Having The Time To Have It All" on Thursday, July 23rd at 2 EST.  All you have to do is click here to reserve your spot today and we'll "see" you then!

David J. Zumpano, Esq, CPA, Co-founder Lawyers With Purpose, Founder and Senior Partner of Estate Planning Law Center

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Five Essential Roles For A Successful Practice – Part Two

In our previous post (Five Essential Roles For A Successful Practice – Part One), we identified the five key roles that must be filled for your business to be successful: the entrepreneur, the visionary, the transformer, the performer and the leader.  We distinguished the differentiating factors between the entrepreneur and the visionary and clarified how they can be the same person, but need not be.  Today we will focus on the role of the transformer.  The transformer is the most essential role in creating a business that operates without you.

Bigstock-Creative-sign-with-the-text---75543127So what is a transformer?  As a successful Level Two entrepreneur, I can confidently say, it was not until I understood the role of the transformer that I was able to actually separate myself from the businesses I had created.  Even if you do not intend to achieve Level Two status, to succeed as a Level One entrepreneur, you will need a transformer.  The only distinction is the level of authority you ultimately give them.  For those who intend to create value beyond their individual capabilities, coming to know and identify transformers to whom you are willing to give authority is essential to reaching Level Two. 

The definition of a transformer is one who, with their own skills, knowledge and resources available, transforms an idea (vision) that benefits the world into a product or service that is deliverable.  So what are the essential elements of this role?  The first and most important is that transformers need no one else to perform the role.  As a distinction, they do need others to get the job done, but transformers, with their own skills, knowledge and resources, are able to take a vision or idea and make it real.  A transformer utilizes available resources, which can include other individuals, the Internet or any other source of information the transformer identifies as necessary to turn the vision into a reality. 

The other key distinction of transformers is this: What they create is deliverable, even though they typically are not responsible for delivering it.  To illustrate, many people have a vision or a “great idea.”  The world is full of people with great ideas.  The challenge is that there are skills required to take an idea and make it something that another individual is actually able to benefit from.  The art of being able to take that vision and turn it into a deliverable product or service is what transformers do!  Interestingly, transformers are not typically visionaries or entrepreneurs, and they do not need to identify that the idea is valuable in the marketplace.  They are just building the deliverable identified by the entrepreneur and guided by the vision of the visionary. Transformers make ideas real.

So how would you recognize a transformer in your organization?  In my experience, it’s simple.  If there is a challenge in your office and you need to “get it done,” whom do you go to?   Transformers are the ones who, when you go to them with your idea, you are able to step away and later find the idea implemented and delivered with minimal input.  Transformers can also apply their talent to various elements of the business with ease.   The level of transformer will dictate the reach of your ultimate success.  The essential need for transformers is resources; the more resources they have access to, the greater the impact.  Lawyers with Purpose has tremendous resources for the transformers in your law firm to help create products and services that can be delivered to clients easily and with tremendous value. In our next post we will discuss our final two roles, that of the performers and leaders.  

For more information on becoming a Lawyers With Purpose member consider joining our FREE webinar "Having The Time To Have It All" on Thursday, July 23rd at 2EST.  

In this one hour webinar, you will learn how all entrepreneurs have the same amount of time in the day and how they use it differently.

Here's just some of what you'll discover in this practice-transforming event…

  • How to effectively utilize your time to enroll your team to help as many people as you choose and profit from it too;
  • To work effectively with your team;
  • How to balance your work life and your personal life to ensure you are able to create the maximum amount of value in both; and
  • How to have sufficient time to market consistently which will ensure consistent cash flow and free up the time you're currently spending chasing dollars.

David J. Zumpano, Esq, CPA, Co-founder Lawyers With Purpose, Founder and Senior Partner of Estate Planning Law Center

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How Are You Showing Up?

Do you know how you show up in the world? Most people don’t. Most hand out evaluations after they give a speech or presentation but most of the questions are canned and quite honestly useless, “On a scale of 1 to 10 please rate…”

What if you knew, really knew what people out in the crowd were seeing? And the real impact it is making on your practice.

Bigstock-Vintage-Typewriter-72875398I remember my first presentation at The National Network of Estate Planning Attorneys.  I thought it was a home run. I was on fire and the evaluations were off the charts. The room was packed.  So naturally they invited me back. In between the 6 months of the first presentation, and the 2nd one, I met one of the Co-founders of Ridge Associates at a local Entrepreneurial Society meeting in my town. I instantly enrolled in his Speakers School and the next presentation for NNEPA people were mobbing me in the hallways (including the owners) saying “What happened to you? You were not even close to the same person you were 6 months ago on stage…can you teach ALL of our leaders how to do what you just did?”

That night at dinner one of my closest buddies at NNEPA said to me, “I didn’t know how to articulate it after your May presentation but after seeing this 2nd presentation I have to tell you that your 1st presentation was painful to watch. But, the first 5 minutes of today’s presentation…. HOLY SMOKES….NNEPA wants you back for the Spring Collegium as a KEYNOTE SPEAKER! WHAT. DID. YOU. DO? - what did you do?  And can you show me how to do it too?!”

It wasn’t anything I did. I just showed up.

Trust me, get in the room. We don’t know when we will offer Speakers School again. We are fortunate enough to get Bob Gabor, my trainer, and it took a few years to get him booked. I don’t want you to wait a few years to get the single thing that I attribute ALL of my success too.  

I know, I know…YOU don’t need it. That’s what I thought about myself 14 years ago. But apparently the audiences I was speaking too thought differently.

I am personally excited to sit through Speakers School again, 14 years later. Click here to join me.  This will be the best investment you make in your practice in 2015. I cant wait to hear how your conversion number soar.

I want you sitting next to me.

Dave

P.S. Oh yeah…. 2 of my staff members will be sitting in THIS Speakers School WITH me. They want to get more workshops and presentations to our area power partners for my practice (nursing homes, adult daycare centers, etc.). Talk about a SURREAL moment. Your team is invited too but there are only 8 seats remaining so RESERVE your firm seats NOW.

 

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Train The Trainers: Speakers School

People are constantly writing LWP about what a phenomenal speaker Dave Zumpano is, “That guy you brought in to lead that presentation on IRAs was fantastic, I never attended a CLE event that kept me engaged and I actually felt like I had fun!!”

Bigstock-Speaker-at-Business-Conference-65279563This is not a “Dave” thing.

On the Practice with Purpose™ evaluations the speakers are rated a 10+++. This is not a Victoria, Susan or Jeff thing.

You’ve heard the saying “Some people have it, some don’t.” At LWP we believe “Some people have the formal training, some don’t.”

The Craft of Training is the ultimate train-the-trainer curriculum. Bob Gabor, Co-Founder of Ridge Associates has experience creating world-class facilitators for over 35 years. Bob has taught the Train the Trainers™ program for the LWP speakers and he’s back to do it again and kick off the June Tri-Annual Practice Enhancement Retreat with a Two Day Pre-Cursor Training.

Train the Trainers™ not only offers new trainers a fast ascent up the learning curve of training,  it’s also valuable for seasoned trainers who want to learn the secret to creating learning magic in the room.

What you’ll GET…

Learning Goals

The Craft of Training gives trainers the skills to enrich the quality and impact of learning. Participants will practice and get feedback in three performance-critical areas: platform skills, facilitation skills and process skills.

Platform Skills

  • Organizing and delivering presentations to teach content crisply
  • Dramatizing their message with effective body language
  • Preparing and presenting visual aids that drive home key points

Facilitation Skills

  • Making presentations interactive by drawing on participants’ expertise in a nonthreatening way
  • Listening skills to honor the questions and concerns voiced by participants
  • Leading demonstrations, skill practices, and activities to foster maximum skill development and application
  • Coaching to refine participants’ skills

Process Skills

  • Responding to questions with poise and persuasiveness
  • Debriefing to harvest learnings, forge applications, and demonstrate acceptance of participants’ experiences
  • Preventing resistance to create a positive climate for learning
  • Managing resistance to make the most of learning opportunities

AND……

  • Practice. Participants practice the skill that’s just been explained and demonstrated, using actual situations they face in a workshop setting.
  • Feedback. Each participant receives behavioral feedback from the trainer and peers, and each person will walk away with a personal video and a video coaching session.
  • Putting humor in your presentations
  • Learn how to "anchor" your message
  • How to engage your audience
  • Sequencing and transition in your presentation
  • From platform paralysis to platform perfection

What differentiates Ridge Associates in their Train the Trainers™ Program is the way they teach their training skills: participants will leave this program prepared and inspired to achieve more the very next day. With a suite of customization, reinforcement, and delivery methodology your training and speaking skills will differentiate you in your marketplace, every time.

Train the Trainers—A Speakers School is LIMITED to the FIRST 20 people so reserve your seat NOW as the program will SELL OUT. To register go to click here.

Molly L. Hall, Co-Founder, Lawyers with Purpose, LLC, and author of Don’t Be a Yes Chick: How to Stop Babysitting Your Boss, Transform Your Job and Work with a Dream Team Without Losing Your Sanity or Your Spirit in the Process.

 

 

 

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Meet Me In St. Louis?

As a Lawyers with Purpose member law firm, I both dread and look forward to each Tri-Annual Practice Enhancement Retreat.  What I dread:  the time out of the office and the cost of travel for my entire team of nine.  What I look forward to:  time out of the office, working “on” my business instead of “in” my business, WITH my team. 

Bigstock-People-Social-Networking-an-Id-66058642Prior to LWP, I personally would attend practice development seminars and get all excited and ready to make a huge difference in my practice, only to return to the office and not have the support of the staff.  Now, we go together, get excited together and return to implement the plans together.  At each retreat we review our prior quarter’s goals, assess our accomplishments and set new goals. Because of each retreat, our law firm and team are stronger than ever. 

As an owner of Lawyers with Purpose, I always look forward to the Tri-Annual Practice Enhancement Retreat.  Why?  Because I see our members thriving and hear from them that each retreat has been better than the last.  I am confident that the retreat in June will exceed expectations! 

I am especially excited about the focus sessions that really introduce us to new opportunities of practice (Adding Insurance Services to your Law Practice), ways to dig deep, not wide, to enhance our law firm efficiency and increase revenues (Managing the Business of Law), and the WHY day where my entire team can explore what value they bring to the firm, to our clients and to themselves by defining the core values from which they naturally operate.  Quite honestly, there are so many excellent focus sessions it will be difficult to decide which one to attend. 

You will see what I mean when you review this exciting schedule.  Gather your team and join us in St. Louis!  You will be glad you did and your business will prosper. 

To reserve your spot now, click here and register today!  You can still qualify for our Early Bird Prize Drawing if you register before April 15th!  You don't want to miss this event, register and grab your seat now.

Victoria L. Collier, Veteran of the United States Air Force, 1989-1995 and United States Army Reserves, 2001-2004.  Victoria is a Certified Elder Law Attorney through the National Elder Law Foundation, Author of 47 Secret Veterans Benefits for Seniors, Author of Paying for Long Term Care: Financial Help for Wartime Veterans: The VA Aid & Attendance Benefit, Founder of The Elder & Disability Law Firm of Victoria L. Collier, PC, Co-Founder of Lawyers for Wartime Veterans, Co-Founder of Veterans Advocate Group of America.    

 

 

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This Monday…. (tomorrow)

Has your mood felt a bit low lately? The New Year isn’t kicking off quite as well as you had hoped?  Well, I’ve got news for you – you’re not the only one!

Bigstock-Monday-72555904I was reading one of my favorite blogs this a.m. by Kimberly Snyder and she mentioned that it turns out this coming Monday, January 26th is “Blue Monday”. Blue Monday is purported to be the most depressing day of the year. The concept was first publicized as part of a 2005 Cliff Arnall, the Centre for Lifelong Learning, a Further Education center attached to Cardiff University, press release which claimed to have calculated the date using an equation of  this milestone represents “the least happy day of the year.”

The formula; W=weather, D=debt, d=monthly salary, T=time since the holidays, Q=time since failing our new year’s resolutions, M=low motivational levels, and Na=the feeling of a need to take action.

  • W= Weather. It’s still dark out.  Although we’re moving further and further away from the shortest days of the year, our daylight hours haven’t yet extended to the point where most people can enjoy them after leaving the office at the end of the work day. Feels like Ground Hog Day.
  • D= Debt. Our holiday bills are due.  Holiday gifts, trips and time off seemed like a good idea when you were filled up with holiday spirit, but the end of January means credit card statements are rolling in, and the financial reckoning is upon us.
  • d= Monthly Salary. Not Meeting Monthly Goal and its Tax time. The New Year is already looming with 11 months behind and its looming time to pay the tax man.
  • T= Time since Holidays. The parties are over. The family and friend gatherings have stopped. January is a month where Americans go into hibernation mode and we are spending more time alone that ever. And if our business calendars are empty and no strategic plan to change that around on the horizon, it feels a bit like solitary confinement.
  • Q= Time since failing our New Year’s resolutionsOur New Year’s Resolutions are failing.  January 17th is the most common date to give up on your resolutions; it’s marked by Ditch New Year’s Resolutions Day. Unfortunately, only a fraction of those who make resolutions will achieve their goals, and those that don’t begin losing hope and resorting back to “It is what it is” mindset around this time.
  • M= Low Motivation Levels. And nothing to look forward to until Spring Break or sadly possibly a summer vacation. There is no accountability in place and no one holding your feet to your dreams. No signs of “help is on the way.”
  • Na=The feeling of need to take action. “I know I must do something differently but I don’t have the time, money or energy to power down and make the investment in finding my way” is what I have been hearing from attorneys this month calling with a sense of terror. Some have been calling me for over two years with this exact statement. Doing the same thing over and over again and expecting different results.

Basically, we’re stuck inside, we’re further in debt than ever and we’re confronted with the reality that a “Goal” alone isn’t enough to create the practice we have been wishing for. Appears to be much like the fact pattern of this time last year for many firms I speak with looking to hear more about LWP.

Here is what I know to be true for a cure for the common law Practice: 4 days. Invest in 4 days to get in the room; “90% of success starts with taking the leap of faith and getting in the room.” Mark your calendar now for The Practice with Purpose and Practice Enhancement Retreat February 3-6 in Charlotte, NC.

Don’t let “I don’t have the time, money or energy to power down and make the investment to find the solution” be the default motto for 2015. Now is the time.  

Molly Hall, Director Of National Enrollment, Lawyers With Purpose

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Essential Things For Your Bottom Line

Are you tracking your closing rate?  You should be, if only for self-evaluation.  Your Pipeline Focuser™ will quickly show how many prospects became clients at each of your Initial and Vision Meetings™ If your closing rate average is lower than 70% you should investigate further.

Bigstock-Bottom-Line-Blackboard-Means-N-62902642A low closing rate is not always attributable to the attorney’s lack of skill in the Initial or Vision Meeting™ Sometimes the prospect just isn’t qualified to move forward. While it would be great if your staff could weed out those unqualified prospects before you invest your time in meeting with them, if they attended a workshop and you promised a complimentary Vision Meeting™ then you don’t have much choice.

However, if your closing rate is low and your prospects are largely not qualified, then consider investing time to improve your skills.  

On the LWP member website, in the Vision Meeting™ folder (located in the Estate Processes tab), there are four videos designed to help you “close the deal.” Two of them deal specifically with boosting your closing rate by using the Vision Clarifier™. 

Are you using the Vision Clarifier™? It’s the tool that visually demonstrates the solution to issues identified in the audit. If you’re skipping this tool, then you’re not visually demonstrating your recommended solution(s).

During the workshop, the attorney tells stories that are memorable, colorful and interesting.  Using a PowerPoint presentation, the attorney is able to anchor stories that are easily visualized by attendees. Adding props such as the little red wagon and the dollar bill maintains interest in the illustrations.

At the subsequent Vision Meeting™ the attorney continues educating prospects in a one-on-one setting by connecting the workshop stories to the Estate Planning Audit™ and then demonstrating solutions with the “Vision Clarifier™, leading directly to the firm fee schedule.

This is where the “rubber meets the road.” The bottom line truly is do you believe in the solution you are recommending? Are you able to clearly see the value? If you are, you won’t hesitate when it comes to quoting your fee.  That printed fee schedule you worked so hard to develop will boost your confidence and demonstrate to the prospect that you are not pricing based on his/her assets. You really do have set fees.

I invite you to track your own numbers.  If prospects walk out of your office, “wanting to think about it,” the odds begin to dramatically decrease that they will become clients anytime soon. Being able to properly demonstrate the benefits of your proposed plan in that first meeting is a priceless skill. Putting in the time to hone and improve this skill will have exponential impact on your bottom line.

If you want to learn more about the Lawyers With Purpose Client Enrollment Process™, join us in Charlotte, NC, February 3rd-5th for our Practice With Purpose Program.  There are only a few seats left so register today!

Nedra Catale – Coaching, Consulting & Implementation, Lawyers With Purpose

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Start With Where You Are NOW…

There we are together.  The last day of the retreat, October 24, after walking through each and every conversation we’ve had during our Why Coaching Days since we began the journey together in January of 2013.

Wow! 

Bigstock-Athletes-At-The-Sprint-Start-L-58880123The topics alone were big, but what came out of them was even bigger.  My favorite was, “You Must Be What You Want From The World” – just let that one sink in for a minute, remind yourself and then pull out your Action Plan from that day 22 months ago.

Getting back to October 24– today I looked at “My Four Month Focus” workbook.  It caused me to ask myself just what Dave asked us that day: “What future do I choose and what am I deciding to take from my past to use in the present to live a life I love?”  The answer to that question starts with “Where am I – today?”

I wrote down a few things that impacted me getting where I am today: (1) the work I’ve done with the support of my life coach; (2) working with the best estate planning attorneys nationally alongside their teams, sharing and growing TOGETHER (our members really move me); (3) the daily inspiration I get from my three boys.

So I put those things into play via a “Freedom Cycle” activity onto my LWP Progress Focuser to carry over to another tool that I’ll get to in a bit.

Next we had an internal reflections exercise.  They’re necessary when you look at where you are; they may not be always fun to play with, but they ALWAYS provide opportunities to grow.  My insights were: (1) stop trying to add value at the risk of dampening commitments and adding my own .02 in every conversation; (2) pay attention to others’ behaviors more during conversations; (3) work on my “winning” and “excuses” mindset when I need to get er’ done.

We moved through five activities that day, and each provided us with three insights.  Now this is where the carry-over comes from my previously mentioned “Freedom Cycle.” We walked away with an action plan for the next four months that hit:

  1. Where I am;
  2. My Freedom Cycle;
  3. Progress Focuser;
  4. Destructive Habits;
  5. Present Focuser.

All of this was contained within one booklet that is in front of me DAILY.  I’ve completed an Idea Focuser for each one based on my insights.  I’ve set a goal, written down how I’m going to measure progress, and I know the benefits, my obstacles, and the contribution to others and myself. The strategies are written down that I will use to overcome obstacles, along with the next action and the “by when” date. 

During this process, it hit me that I’ve been tabling a goal of mine for “reasons,” and all I need to do is put time in my calendar, and not let it get trumped by ANYTHING, to fuel my inner Quick Start/Follow Through.  So, I added that to the agenda for our Board of Directors meeting to make 100% sure someone was holding me accountable week in and week out to get it done.

And that was just the first thing I added to my Future Focuser.  There are four more that are a blend of personal and professional goals in front of me daily, to hit by February 2014, when I will be back in the room with LWP, our members and their team in Charlotte!  I can't wait.  It'll be a lot to work on between now and then – but I'm taking it all one step at a time.  With today and where I am now…. I can't wait to look back in February 2015.

Let me know what you’ve DECIDED that will enable you to live a life you love!  You can email me at rdrotar@lawyerswithpurpose.com or comment below.  If you would like go through the Why Day Power Point "What Got You Here Won't Get You There" click here.  And if you are interested in any of the tools we used that I mentioned, feel free to email Molly Hall at mhall@lawyerswithpurpose.com.  

Roslyn Drotar – Coaching, Consulting & Implementation, Lawyers With Purpose

 

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The Art Of Surrender

“Let go or be dragged.” ~ Zen proverb

Four weeks ago the LWP partners began our customary quarterly partners retreat at a Hyatt in Atlanta at 9 a.m. sharp. We began the day in customary fashion, after Dave ensured that we had a mealtime plan, by analyzing our quarterly goals. We carefully reviewed who is doing what to reach goal, our money plan from the previous quarter and then where we have nobody leading.

Bigstock-White-flag-old-style-vector-54229970Like all businesses, marketing was where the spotlight shined loud and clear. What I appreciate about our collective skill sets is how quickly we are able to shift from driver mode right into solution mode. We revisited hiring outside consultants, as we have done in the past. It would take at least six months to get them up and running; plus, how do we find someone who understands the dynamic of an estate and elder law firm vs. a hunt and kill mindset at all cost?

At the end of the day we agreed that I would go full-time into marketing. I am naturally the best person to lead this, and the organization needs me to lead it, own it and nurture it.

I’m not going to lie – I resisted. Hard. My control freak showed up immediately:  “I know (control freaks always know best) that X will happen,” “Who’s going to lead Y,” “Who’s going to coach Z,” “We have been making such great progress on Z, I can’t just abandon ’em now.”

I finally GOT IT. I have been working with team members for 17 years, hearing the exact same words when their attorneys ask them to step up and replace themselves. I never fully understood what the root of the resistance was. Now I get it.

The hesitation does not stem solely from fear and the unknown aspects of change. It’s not just fear of what’s next and whether the team member can actually pull it off. Sure, the uncertainty is a big piece, and fear of failure has a giant room at the inn as well.  But in all honesty, the biggest piece comes down to leaving with a feeling of abandonment – abandoning the team, the clients and what you have taken personal pride in developing and perfecting. It’s the essence of, “I said I would do this and I gave it my all and now I’m leaving the baby. Do they have all they need to make certain this doesn’t nosedive?”

So we resist, we justify that “they need me” and we attempt to control the situation, instead of investing in how we are going to become the next, better version of ourselves and create a better version of the business. Dang it, there it is again, that 2mm shift.

But if we can detach from the logistics of how what we are currently doing will get done, and anchor to how we are going to step into our new role/world/life, the art of surrendering begins.

As soon as I got on the plane, I got to work. I looked at what I am doing non-marketing-related and to whom I can responsibly shift it over. I quickly came up with a suggested transition plan. I pulled out our marketing plan, the money plan, and realized not only that I can do this, but that I am very much the best person for the job. I can do this, and I will do this. I sat for the next two hours and 20 minutes while trapped on the plane and mentally surrendered to letting go of what was, to allow the new reality to permeate, and to embrace the sense of excitement, along with a healthy level of challenge.

But I couldn’t do it without detaching first and allowing for the possibility of what’s next to unfold. Yes, I know this is a skill and it must be practiced, daily. And it is never, ever mastered. But like my good friend Candee always says, “You must be willing to try it on.”

That honestly is the process for giving up control and the art of surrendering. It’s simply one small step (emotions, logistics and movement) at a time. And then you can course a realistic present and a future path and plan. Eventually you find your new normal.  And that’s really the story of growth.

Molly L. Hall, Co-Founder, Lawyers with Purpose, LLC, and author of Don’t Be a Yes Chick: How to Stop Babysitting Your Boss, Transform Your Job and Work with a Dream Team Without Losing Your Sanity or Your Spirit in the Process.

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Building vs. Growing

“The tools that got you out of Egypt are not the same tools that will get you to the Promised Land.” ~ Dan Sullivan

Bigstock-wood-textured-backgrounds-in-a-54493616There is an inherent difference between what it takes to build vs. grow a business.  I see people buying into building when they need growing, and people buying into growing when they need building. In the law firm diagnostic calls I do, I see about 1% of entrepreneurs who need growth. I my personal opinion, those percentages should be more balanced, but buyers haven’t identified the status of the business prior to purchasing, so they just buy from everywhere. I can guarantee you when you call LWP, our sole commitment is to determine where attorneys stand, first and foremost, so we can determine what help they need.

When you’re in the infancy stage of your business, you need to build. Here’s what that looks like:

Building:

  1. Time/focus management
  2. Revenue Focuser
  3. Goal-setting with SMRs
  4. Project Focusers
  5. Team development, training and implementation
  6. Systems and processes
  7. Weekly cash flow tracking and reporting
  8. Lead generation and lead conversion systems
  9. Lead generation and lead conversion tracking
  10. Companywide communication skills that are consistent from initial contact to the closing of the file

Choosing just one of the above will not work long-term. Each piece is very much part of the global puzzle. In my experience, purchasing a lead-generation system is not going to be the magic bullet. Great, maybe it got your phone ringing, but if you don’t have a system to convert  those leads into paying customers, you’ll be quickly saying, “I bought that marketing guru’s X that she was guaranteeing would do A, B and C. And it didn’t. I didn’t get one person to hire me. It was garbage. She’s a crook.” Well, that statement may not be accurate; the product probably did get your phone to ring. But it wouldn’t matter without a system to process, track, follow up with and measure the lead. Where did the initial contact come from? What did we guide the client to do next? (Clients are calling for your guidance on what to do next; you must always have something to enroll them in that will give them that guidance.)

If you’re like most solopreneurs, you need to get money in the door before you can even think of purchasing a system for your client services coordinator, or putting in a time management system. “I’ll look into that after I have cash flow,” you think. So you may purchase a killer “Generate $10,000 a day in 3 easy steps” system. You generate your first $10K, but you pulled a few later nights, not realizing that the extra work is actually the “system” that it’s going to take to make the $10K a day.  Sure, this one piece of the puzzle that you purchased did produce what it promised, but at what cost? If you calculate your hourly rate, your team’s hourly rate and the possibility of shutting down other areas of your business to get this done, you would probably be horrified. (For the fun of it, email me if you would like our “what are you worth” exercise. Send me your completed exercise and I’ll lead a 30-minute analysis call to review your results. Consider it a gift.)

By now, you’re getting the picture. I have attorneys calling me daily saying, “I don’t need all that; I am just getting started and need to build my business first. I just need X.” Sadly, they come back a few months later (hopefully) or years later (more accurate) in a worse spot, with frustrated stories of how they bought this, did this program and “none of them produced what was promised.” This most often is not the complete picture.

What was missing for them was that they didn’t invest the time to lay out the big picture of what it takes to build a business. It is never one precise tool; it is very much an all-encompassing “and.” The “and” is a process that hits all areas of determining your monthly revenue goal and what it’s going to take to get there (how many appointments, what appointments are paying), time management (which days are money days, which are production days, which are project days),  lead generation, relationship management, system,  a team-centric approach to reach goal, etc. You get the point. In my experience, when your business is in the personal services industry, it is next to impossible to build a business without a widespread approach.

Building a business means implementing some or all of the items listed above. The pieces are up and running, on a consistent basis. There are not peaks and pits in your leads, referrals or paying clients. You’ve removed the revolving door at the entrance to your office for employees. Your business is systematized, with all areas automated and integrated. It is 80% team-led, freeing up the entrepreneur to spend 80% of their time in front of people (synergy referral meetings, existing and prospective client meetings and leveraged speaking events).

Once you’ve built your business, then you start to address the following growth components.

Growing

  1. Actuary referral and client statistics to create target marketing
  2. Elevation offerings for your existing clients
  3. Professional and client advisory boards
  4. Client and referral appreciation programs
  5. Team empowerment and leadership programs
  6. A  three-pronged marketing approach to double your revenue, year after year (and it’s only dependent on you as the business owner)
  7. Tri-annual practice enhancement retreats facilitated by professionals
  8. An annual maintenance program that allows you to be your own bank
  9. An internal lead system that relieves the business owner from operations, team training and law firm management
  10. Operating all areas of your business from an automated knowledge, workflow and CRM program that allows your business to be dependent on reporting and tracking instead of human familiarity
  11. A system for creating an exit strategy for a saleable practice (when you’re ready)

When you’re striving to generate monthly revenue – and that includes keeping the lights on and paying yourself each month, not taking what may be left over – you shouldn’t be in the market for a robust CRM program that will hand you leads that you can’t even follow up with. You need a building a business plan. You need such a plan when you’re striving to remove yourself from day-to-day operations because you have complete confidence that your business is systematized and generating consistent everything. You need it when you’re ready to move on to your next chapter of making certain the profit margin grows each year, but it’s not solely dependent on you to get the work done.

That is what I am most proud of with LWP: our members. So many of them had the presence to see the difference between the two; they had the patience to get through the building phase and the shrewdness to consciously move into the CONTROLLED growth phase (our motto is, do not blow everything up for the sake of growth). I am honored to be on this journey with them.  

Molly L. Hall, Co-Founder, Lawyers with Purpose, LLC, and author of Don’t Be a Yes Chick: How to Stop Babysitting Your Boss, Transform Your Job and Work with a Dream Team Without Losing Your Sanity or Your Spirit in the Process.