How to be rich and happy

September 20, 2011 by
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Please don’t make the mistake I made.

When I was young, I wanted to be a writer. That was my dream. I loved reading and the feel and smell of books. I haunted libraries and bookstores, imagining my own books in the windows and on the shelves.

I was a voracious reader. Non-fiction and fiction. Business, marketing, biographies, history; mysteries, thrillers, detective novels, science fiction. And books on writing.

But while I have written extensively throughout my career, early on, I somehow convinced myself that writers don’t make much money and I needed to do something more remunerative. Make money first, then I can retire and write all I want.

I now know this is folly.

To deny your passions, no matter the financial ramifications, is to deny the truth of who you really are. Working to make money so you can then do something else is simply bad advice.

But what if what you are passionate about is a one way ticket to financial mediocrity? At some point, you have to ask yourself, “What’s more important, money or happiness?” Yes, money is important and having more of it gives you more options. But having money does not guarantee happiness. Legions of unhappy wealthy people attest to that.

How about asking a different question: “What if what you are passionate about can lead to wealth and happiness?” It can, you know. In fact, I believe that following your passion is a much better road map to prosperity than working for money.

I’ve accomplished a lot in my career. I’ve done well financially.  And now, decades after my childhood passion first stirred in me, I am writing. This blog is just the tip of the iceberg.

How does it feel? It feels. . . right. I can’t describe what I feel as excitement, it’s more a feeling of serenity, of “this is who I am and where I belong”.

But I also have flashes of regret.

What if I had listened to my inner child, the one who wanted to be a writer? What if I had ignored the voice of “logic” that told me to do something else? Where might I be today?

I don’t know if I’d be rich, but I know I’d be happy.

If I’d read the story of “The Rich Fisherman,” I might be in a different place today:

There was once a businessman who was sitting by the beach in a small Brazilian village. As he sat, he saw a Brazilian fisherman rowing a small boat towards the shore having caught quite few big fish. The businessman was impressed and asked the fisherman, “How long does it take you to catch so many fish?”

The fisherman replied, “Oh, just a short while.”

“Then why don’t you stay longer at sea and catch even more?” The businessman was astonished.

“This is enough to feed my whole family,” the fisherman said.

The businessman then asked, “So, what do you do for the rest of the day?”

The fisherman replied, “Well, I usually wake up early in the morning, go out to sea and catch a few fish, then go back and play with my kids. In the afternoon, I take a nap with my wife, and evening comes, I join my buddies in the village for a drink — we play guitar, sing and dance throughout the night.”

The businessman offered a suggestion to the fisherman. “I am a PhD in business management. I could help you to become a more successful person. From now on, you should spend more time at sea and try to catch as many fish as possible. When you have saved enough money, you could buy a bigger boat and catch even more fish. Soon you will be able to afford to buy more boats, set up your own company, your own production plant for canned food and distribution network. By then, you will have moved out of this village and to Sao Paulo, where you can set up HQ to manage your other branches.”

The fisherman continued, “And after that?”

The businessman laughed heartily, “After that, you can live like a king in your own house, and when the time is right, you can go public and float your shares in the Stock Exchange, and you will be rich.”

The fisherman asked, “And after that?”

The businessman said, “After that, you can finally retire, you can move to a house by the fishing village, wake up early in the morning, catch a few fish, then return home to play with kids, have a nice afternoon nap with your wife, and when evening comes, you can join your buddies for a drink, play the guitar, and sing and dance throughout the night!”

The fisherman was puzzled, “Isn’t that what I am doing now?”

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You’re not thinking big enough. Or are you?

September 15, 2011 by
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We’ve all heard interviews of massively successful entrepreneurs who say they had no idea their idea or business would grow as big as it has or go in the direction it did. They simply followed their passion and, like Alice chasing the rabbit, one day found themselves in Wonderland.

There is another group of entrepreneurs (professionals, artists, athletes, etc.), undoubtedly a smaller group, who right from the start of their business or career, had big dreams and plans for their future. “I knew right from the beginning where I wanted to take this business,” they say.

Which one are you?

Are you putting one foot in front of the other and seeing where it takes you or do you know exactly where you want to go?

John Jantsch, over at Duct Tape Marketing, says that thinking small rarely leads to greatness and makes a good case for thinking bigger. It’s a well thought out article and I want to say I agree with him, but I’m not sure I do.

Jantsch argues that if you think about growing your business by 10%, you won’t do things that could lead to even bigger growth. If you think about doubling your business this year, however, you will think and act much differently, making bigger growth much more likely.

Logical, isn’t it? But is it true? How do we then explain the success of those who simply followed their muse and wound up rich?

Further, couldn’t we make the case that having big, long term plans, might actually work against you, leading you to do things that seem to be the logical next step towards your goal but that aren’t organic to the passion that drives you?

An attorney friend of mine who does a lot of motivational speaking is fond of saying, “You’re not thinking big enough.” It is exciting to think about a much bigger future. I think we get into trouble, however, when we get too specific about that future.

Donald Trump may not know where his next deal will come from but I don’t think anyone would argue he doesn’t think big enough. He knows what he wants and where he’s going but when an opportunity he never imagined comes knocking at his door, he’s smart enough to answer.

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Filed Under: Career satisfaction, Increase your income, Personal development, Wealth Tagged With: , , , , , , , , , , , , , , , , , , ,

Do you make these mistakes in marketing your law practice?

August 29, 2011 by
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There are two mistakes you can make in marketing your law practice and unfortunately, most attorneys are guilty of both.

What are the two mistakes?

  1. Not having a marketing plan, and
  2. Not executing that plan.

As a result, most attorneys don’t do any marketing, at least not with any consistency. Let’s face it, if you don’t have a plan–a list of projects and tasks and a schedule for completing them–any marketing activities you do will be sporadic and isolated. You’ll never generate momentum or sustained growth.

Having a cool web site (or any web site)  may be good for your ego but if you don’t have any traffic to it, that’s all it will be. Traffic doesn’t happen by itself. You need a plan and you need some activity or that traffic will never materialize.

Don’t get down on yourself. The problem isn’t you. It’s not a lack of self-discipline, poor organization, or bad habits. You aren’t lazy and you don’t need to get motivated. What you need is a better plan.

You need a plan that is

  1. Simple (so you can do it), and
  2. A good fit (so you want to do it).

If you want to do something and you believe you can do it, you will do it. You won’t have to force yourself to do things you don’t want to do, you’ll do it because you enjoy it.

In his remarks to the 2005 Stanford graduating class, Steve Jobs said, “Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do.” A friend of mine puts it this way: “When you love what you do and do you what you love you’ll never work another day in your life.”

If you don’t enjoy being a lawyer, common sense says to either change careers or find some aspect of practicing law you do enjoy. That might mean a different practice area, different clients, or a job with a different firm. If you don’t, you’ll never be happy and you’ll never do “great work.” The same can be said for marketing.

The good news is that there are lots of ways to market legal services and you only need one or two. You don’t have to be good at networking AND writing AND seminars AND getting web traffic AND social media AND referrals. Pick something that sounds good to you or feels right. For once in your career, put logic aside and listen to your gut.

Maybe nothing feels right or maybe you don’t know enough yet about the different options. That’s okay. Make no decisions, take a step back and simply learn. Read, observe, see what others are doing. Soak it all in and eventually, you’ll find something that’s a good fit.

And then, you need a plan. We’ll talk about that tomorrow.

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Filed Under: Career satisfaction, Inspiration, Marketing legal services, Marketing Plan Tagged With: , , , , , , , , , , , , , , , , , , ,

Steve Jobs’ prescription for success and happiness–in his own words

August 27, 2011 by
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In 2005, Steve Jobs addressed the graduating class at Stanford University. I’d never heard his remarks before today, but I’m glad I took 15 minutes this morning to watch this video. Jobs tells three stories, taken from his life experience, to communicate a simple but powerful message. It is one of the most insightful and motivating speeches I’ve ever heard. In light of his recent resignation, ostensibly for health reasons, it is also one of the most moving.

I hope you enjoy this as much as I did.

Here is a transcript of his remarks.

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The Zen of Attorney Marketing: Quietly Building a Successful Law Practice

August 22, 2011 by
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What if you could build a successful law practice quietly–without shouting your message but by letting your message be heard, without trying to find clients but by letting clients find you?

In my father’s day, attorneys didn’t do any marketing. Oh, they did a little networking or public speaking or they wrote the occasional article, but they did these things because they naturally flowed from what they were doing in their practice. They didn’t attend a bar meeting because they were “marketing”; they went because they enjoyed being there, catching up with their friends, and learning some things they could use in their practice.

It’s different today. Not because there is more competition, higher overhead, or a faster paced world. Yes, the world is much more complex than it was fifty years ago when my father started practicing, or thirty years ago when I did, or even fifteen years ago, before everyone had broad band and smart phones. But our world is not different so much because of those things but because we make it so.

We run and push and struggle because we’ve bought into the notion that to be successful, we have to shout louder, promote harder, and spend bigger. We advertise or jump on board the latest social media concept, not because it feels natural, not for the joy of doing it, but because we fear being left behind.

Is the effort worth it? We might bring in more clients but are we any happier? Too often, the answer is “no”.

How do we get back to the way it used to be when a lawyer’s practice grew naturally? By getting out of your own way and letting things happen, instead of constantly trying to make them happen.

It starts with letting go of assumptions that don’t serve us and realizing that marketing can not only be organic, for sustained success and true contentment, it must be. Marketing can never be something you loathe or feel like you “have to do.” It cannot be something you do, it must be an expression of who you are.

Leo Babauta, who writes the Zen Habits blog, reminds us that sustained success and contentment don’t come from following the herd or from doing things you resist doing but feel you must, they come from delivering value, something my father didn’t need to read, he just did.

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Filed Under: Career satisfaction, Dealing with stress, Inspiration, Marketing legal services Tagged With: , , , , , , , , , , , , , , , , , , ,

Free writing makes attorneys sound less professional and be more successful

August 19, 2011 by
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“Writing is thinking on paper,” said William Zinsser. As someone who does a lot of thinking and a lot of writing, I have to agree.

Years ago, I read an ode to writers and would-be writers, “Writing Down the Bones: Freeing the Writer Within,” by Natalie Goldberg. If you love writing–or want to–this book can help you overcome doubt and unshackle your hidden talent.

It was in this book I first learned about “free writing,” a technique for writing quickly, without editing or a hint of self-consciousness. Free writing is raw and uninhibited, allowing you to find out what you think, and what you feel. Goldberg describes it as “writing practice,” a warm up before getting down to “serious” writing and a way to create raw material that can be cultivated into finished work.

For some, free writing is a cure for “writers’ block”; for others, it is a form of therapeutic journaling, unlocking hidden memories, imagining a better future, or reconciling a troubled past. For me, it was the key to becoming a better writer and a better attorney.

As a young attorney, I wrote in a way that could only be described as “constipated”. My writing was clear, my points well thought out, my letters and pleadings effective, but I still wrote “like a lawyer”–stiff and constrained. Free writing helped me stop trying to sound “professional” and start sounding like myself. My writing came alive and in a way, so did I.

Free writing helped me not only to write better but to get clear on what I wanted and what I could do. It helped brainstorm ideas and simultaneously see what I thought about those ideas. It helped me weigh pros and cons and make better decisions. In short, it helped me to think better.

I’ve just read, “Accidental Genius: Using Writing to Generate Your Best Ideas, Insight, and Content”, by Mark Levy, a writer and business consultant who teaches free writing to his business clients to help them, “. . .spot opportunities and options, solve problems, create ideas, and make decisions.”

As Goldberg does in “Bones,” Levy uses a series of writing exercises that stimulate thought, but more importantly, action–the action of writing. In free writing, quantity produces quality and writing exercises get the hand moving and keep it moving long enough to bypass the critical mind and produce meaningful results.

I like Levy’s ideas and recommend his book; his exercises are suited to writers and professionals alike. And yet, as I read Levy’s exercises, I couldn’t help feeling, “this is something I should do,” whereas when I read “Bones,” I felt, “this is something I want to do.”

It may be because I was at a different place in my life when I read “Bones”. I haven’t read it in years but I still remember how it made me feel. Goldberg’s voice was comforting, warm and empowering. And, she got my hand moving. Her exercises were simple and unstructured and I did them all. I wrote and wrote and wrote and I felt good about it. I never once looked over my shoulder to make sure I was doing it right and that, of course, is the point of free writing: letting it happen rather than making it happen.

Levy references several books about free writing (I’ve read most of them); curiously, he never mentions, “Writing Down the Bones,” the book that introduced me to free writing and helped me discover my “accidental genius”. In my view, “Bones” is a seminal work, one I’m sure he’s familiar with, and I was surprised by its omission.

Perhaps I’m just being nostalgic and if I read “Bones” today, as the person I am today, I would see it as more suited for writers than professionals and look for something else. Nah, I’d probably be too busy writing to give it any thought.

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Filed Under: Book review, Career satisfaction, Personal development, Writing Tagged With: , , , , , , , , , , , , , , , , , , ,

The cure for the overworked and overwhelmed attorney–part two

January 4, 2011 by
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So it’s a new year and you’re ready to get back to work. If you’re like most attorneys, you’re excited about all of the plans you’ve made for the future but feeling overwhelmed with everything you have to do. You’ve got “too many”.

  • Too many articles and blog posts to read (not to mention the books piled up on your shelf (or floor) and in your Kindle or iPad
  • Too many people to call, letters to write, lunches to attend
  • Too many projects you’ve been putting off but promised yourself (spouse, partner) you will (finally) do
  • Too many continuing education seminars you don’t have time for but must do because your compliance group is “due” (guilty)
  • Too many commitments you’ve made that you know you can’t possibly keep

And let’s not forget your legal work. You know, the stuff that actually gets you paid.

In a previous post, I wrote about how I dramatically cut my work hours (and stress) by delegating. If you’ve ever emptied a closet or a desk drawer, all that empty space feels good but you know it won’t last. It’s only a matter of time before that closet or drawer is once again filled to overflowing. Once you get good at delegating as much as possible and have more time available, it’s the same thing: you find more and more things to fill your time and before you know it, once again, you’re overwhelmed.

I’ve still got “too many”. I have a backlog of hundreds of articles I need to read and I’ve bookmarked so many web sites to visit my head is spinning. I glance at the updates in my Twitter stream and wonder how I could possibly read even a fraction of the tweets that go past me, let alone follow up on the relevant ones, let alone connect with the people who sent them.

I think it’s safe to say we all have “too many”. So how do we avoid being overwhelmed?

First, take a deep breath. Exhale. Once more. Now, repeat after me, “I can’t do it all, I will never get everything done, and that’s okay.”

None of us will ever get it all done. We’ll never read all those articles or complete all those projects. There’s too much and there will always be more and the first thing we need to do is acknowledge that we’ll never get it all done AND THAT’S OKAY.

So relax.

The key to success and a well-lived life  isn’t doing everything, it’s doing the most important things. It is the 80/20 principle: a few things matter, most everything else doesn’t; the ones that matter are the ones that produce most of your results. Focus on doing a few important things, and don’t worry about the rest.

Success comes from achievement, not from being busy.

About a year ago, I started working with David Byrd, an executive coach, who helped me get clear about what I wanted to accomplish. He taught me the value of being driven by vision–my vision of the future I want to create–instead of being driven by circumstances. The idea is to start with the end in mind and then set goals that are consistent with that vision. In doing so, we cut through the clutter of “too many” possibilities and focus on the most important ones. The system gives me a place to come back to whenever I find myself wandering. WhenI feel overwhelmed or losing clarity about what to do next, I revisit my vision and my goals and I’m back on track.

David Byrd also taught me a system for achieving my goals. I plan each month so that my activities (projects, actions, etc.) move me forward towards my goals. I also plan each day. As a result, I always know what I need to do.

In short, the system helps me put one foot in front of the other and continually move forward towards my destination. I don’t get distracted by all of the side roads or billboards.

So, as we begin a new year, have you chosen your most important goals? Have you put them on paper? And do you have a plan for achieving them?

If you are driven by vision, have goals that support that vision and a plan for achieving them, you’ll have clarity about what to do and what you can let go of. You’ll be empowered, not overwhelmed. And you’ll be excited because you know where you’re going and you have a map that will get you there.

—

On January 19, Mr. Byrd will be conducting a free goal-setting webinar for my subscribers. Please join us. Register here for this free webinar and make 2011 your best year ever.

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Filed Under: Career satisfaction, Dealing with stress, Increase your income, Law office management, Mentors & Coaches, Productivity Tagged With: , , , , , , , , , , , , , , , , , , ,

The cure for the overworked and overwhelmed attorney

November 23, 2010 by
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I don’t know a single attorney who wants to work more. Oh they want more work, they just don’t want to work longer hours.

Unfortunately, we have been trained to believe in an absolute correlation between our income and the amount of work we do, but that correlation simply does not exist.

As a young lawyer starting my career, I had very little work and an income to match. When I finally learned marketing and starting bringing in more clients, naturally, my income and work hours increased. Eventually, I had lots of clients and incredibly long hours, obviously proving there is a correlation, right? Well, that depends.

I realized that I wasn’t happy working so much but I wasn’t willing to cut back my schedule if it meant cutting back my income. I struggled with this for a long time and, thankfully, I figured out how to do it. I was able to significantly reduce my work week without reducing my income. In fact, when I got things fully underway, my income took a dramatic leap.

There were a few things I did to make that happen. One of those was to get comfortable with delegating.

Attorneys are famously bad at delegating. There are a number of reasons, ranging from fear that the person to whom the work is delegated will screw up, to ego, the notion that, “nobody can do it as well as I can.” I had a little bit of both going on in my head; it took some effort to come to terms with these beliefs, but I did.

On the “screw up” issue, I realized that I would still be supervising my employees, I was the failsafe. I also realized that happiness (or a successful law practice) doesn’t require the complete absence of risk. Risk can be managed. That’s why God created “E & O” policies, after all.

As for the idea that I was the best one for the job, I simply had to accept the premise that if I was ever going to have relief from eighty hour weeks, “good enough” would have to be good enough.

Once I crossed the threshold of acceptance,  I began to see that there were many functions in our office I could let go of and, in fact, there were many functions where I really wasn’t the best person for the job. Once I started the process of handing over responsibilities to others and saw that the sky did not fall and, in fact, good things were happening, I embarked on a quest to delegate as much as possible. Eventually, my philosophy was to only do that which only I could do, and this was a major turning point in my career.

If you are overworked because of reluctance to delegate (or delegate as much as possible), I urge you to do as I did. Change your philosophy and learn some techniques. Your kids will be glad you did.

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Filed Under: Career satisfaction, Dealing with stress, Increase your income, Law office management, Productivity Tagged With: , , , , , , , , , , , , , , , , , , ,

A marketing plan for lawyers–part two

June 22, 2010 by
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In a previous post, we examined the four steps to creating a marketing plan. You learned that a marketing plan should be simple, and that it is an ongoing process, with most of the planning taking place on a monthly and weekly basis.

You also learned the importance of having a long-term vision statement and annual goals.

Before we move on to discuss monthly planning and daily activities, let’s delve a little deeper into the goal setting process.

There are six major areas of life–Career/Financial, Physical/Health, Family/Home, Mental/Educational, Spiritual, and Social/Cultural. For most people, happiness comes from having a well-balanced life, with success in all six areas.

This doesn’t mean you need to set annual goals in all six ares. Some areas may be going well for you right now, or there may be one or two areas that are more important to you this year. Throughout your life, your priorities will change and so will your goals. So, right now, if you want to focus on just one or two areas of your life, that’s fine.

For each area of focus, you should have no more than three annual goals. One is even better.

Sometimes, people confuse “benefits” with “goals”. For example, in the area of Career/Financial, you may have a goal to earn a certain amount of money, another goal to buy a new house, and a third goal to pay off your credit card balances. But the second two are really benefits to be obtained from the first goal, so, in reality, you have just one goal.

Right now, I have just one area of my life I’m focused on and I have one goal in that area. There are many benefits to be derived from achieving that goal and there also many sub-goals I need to hit before I will achieve it. This works for me and you should do what works for you. (You can always change your goals.)

For each annual goal, follow these five steps and you will be well on your way to achieving them:

STEP ONE

Make sure your goal is S.M.A.R.T.–Specific, Measurable, Attainable, Realistic, and Tangible. Write your goal in the present tense, as though already obtained, make it specific, and attach a date. Since we’re focused on marketing, here’s an example of a S.M.A.R.T. financial goal: “I’m excited that I am now earning a net income of $15,000 per month, or more, in my law practice, by or before December 31, 2010.”

STEP TWO

List (a) the benefits to be obtained and (b) the losses to be avoided by achieving this goal. It’s important that you understand the value and importance of your goals and have some emotional investment in them.

Benefits to be achieved

  • Pride, feeling of accomplishment
  • Pay off debts
  • Increase savings, build for the future
  • Hire another paralegal, gain more free time
  • Reduce stress

Losses to be avoided

  • Cancelling next year’s vacation
  • Moving to a smaller office

STEP THREE

List (a) “Possible obstacles” to obtaining the goal and, for each obstacle, (b) “Possible Solutions”.

One of your obstacles is “you”. No doubt there are things you need to learn, things you need to do more of or get better at, or things you need to stop doing. What are they? What obstacles have prevented you from achieving your goal in the past? And what are some possible solutions? (Your goal is not S.M.A.R.T. unless you list possible solutions because without solutions, you can’t move forward.)

Possible obstacles/Solutions [Examples]

  • Obstacle: Me–my lack of patience. Solutions: Read Dale Carnegie, other books, find a mentor who has overcome that obstacle
  • Obstacle: Not enough clients. Solutions: Study marketing, set up a blog, join networking group.
  • Obstacle: Not enough time: Solutions: Find a “time management” system; hire another paralegal.

This will help you identity actions you need to take on the way to achieving your goals and help you identity sub-goals and projects you need to tackle.

STEP FOUR

List specific action steps you need to do to move you forward towards achieving the goal. Schedule target dates for each of these steps and put these dates on your monthly calendar.

These four steps will help ensure that you have meaningful goals, specific action steps and target dates for their achievement.

STEP FIVE

This goal setting process should be reviewed and re-written each month, at your monthly planning session. Ideally, this will take place a day or two before the end of the previous month. “Always plan next month before next month begins.”

Each month, as you make progress towards your goals, circumstances will change and your plan will change. As you move forward, you will conduct a weekly review of your monthly plans and make adjustments to your daily activities. We’ll talk about that in our next post on this subject.

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Filed Under: Career satisfaction, Goal Setting, Marketing legal services, Personal development, Productivity Tagged With: , , , , , , , , , , , , , , , , , , ,
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