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We only have so much energy for our work, for our relationships, for ourselves. A smart person understands this and guards it carefully. —Ryan Holiday If your law firm isn’t yet producing the profits you want, your natural impulse might be to work harder—put some more “muscle” into it, so to speak. But does […]
A question for you lawyers: How many of you felt like law school didn’t properly prepare you for actually being an attorney? (Hands up everywhere.) Law school is great for teaching us the principles of law in a theoretical environment (not to mention fulfilling a requirement for passing the Bar)—but as with so many professions, […]
If your spouse or another close family member plays an integral role in running your law firm with you—whether as a fellow attorney, a business manager or in another important role—you’re obviously walking a bit of a tightrope. On one hand, mixing business and family can prove highly successful and synergistic; on the other, it […]
For many people, running a small business also means running a family business—and this includes attorneys who start firms. Perhaps your spouse or brother also happen to be a lawyer, and you decide to co-partner. Even if your significant other or family member isn’t a member of the bar, perhaps she has excellent administrative skills […]
A friend of mine said running a start-up is like chewing glass and staring into the abyss. After a while, you stop staring, but the glass chewing never ends. —Elon Musk This quote from noted entrepreneur (and forward-thinker) Elon Musk is worth “chewing on” in its own right. Essentially, the analogy refers to how […]
When the value of the crypto-currency Bitcoin went up 1000 percent last year—peaking last November at $20,000—a lot of people kicked themselves for not buying in sooner. The following month, some of those same people were kicking themselves again… when their $20,000 Bitcoin lost half its value within days. The volatility of virtual currencies like […]
No two minds ever come together without thereby creating a third, invisible intangible force, which may be likened to a third mind. -Napoleon Hill, Think and Grow Rich Eighty years ago, author Napoleon Hill first unveiled his notion of the “mastermind group” in what would become his classic Think and Grow Rich. His mastermind concept […]
Your most unhappy customers are your greatest source of learning. —Bill Gates Mistakes are never fun to experience—and even less fun to revisit. However, the most successful people in law (or in any business) know that we have no greater teacher than our failures. As you continue your evaluation of how your law firm […]
For last year’s words belong to last year’s language and next year’s words await another voice. And to make an end is to make a beginning. —T.S. Eliot To put the rather poetic quote above into simpler terms, you can’t fully embrace a new year without creating closure for the old one. As 2017 […]
When you’re evaluating your law firm practices to see what’s working, what isn’t working and what needs to be tweaked… your best source of intel ironically won’t be your current clientele. Rather, it’s with the people who didn’t become clients, or stopped being clients—the ones who got away. Unfortunately, gaining that intel is elusive. As […]
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