Are you struggling financially? Here’s the good news. . .

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financial challenges strengthen youBlack Friday. Some great deals out there. But for many, today is simply a reminder that they don’t have money to spend, no matter how good the deals.

The economy has hurt a lot of people. You may be just fine but I’ll bet you have clients or friends who are struggling. You may not know what to say to them (or to yourself) at a time like this, but there is something they need to hear.

They need to know that while financial problems can be painful, they can also help you grow.

Financial setbacks, no matter what the cause, are great teachers. They help us to see what does not work, on the path to discovering what does.

For some, hitting bottom is the only way they will change. It’s a wake up call that finally motives them to take action to improve their situation. The sooner they bottom out, the sooner things will improve.

No one wants to have money problems, but no one is immune to them. The ones who overcome their challenges and go on to thrive are those who learn from their problems and refuse to be defined by them. As actor Mike Todd famously noted, “Being broke is a temporary situation. Being poor is a state of mind.”

You can allow your financial situation to inspire your creativity or you can allow it to smother you. You can learn what does not work and never repeat it or you can make the same mistakes over and over again. You can dwell on your unpaid bills or you can focus on increasing your income.

The tree planted on the corner of our lot, in the path of the wind, is bigger and stronger than the tree tucked into a corner next to our house where the wind is not nearly as strong. The buffeting of the wind has made the tree on the corner grow stronger.

Like the wind, financial challenges push you and challenge you to grow. But unlike trees, you have free will. You can allow financial problems to break you or you can allow them to make you stronger.

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What are you thankful for?

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Every morning for sixteen years, our dear cat Andre woke us with a throaty greeting. We couldn’t sleep in. Andre always made sure we started our day.

Last week, I realized a day would come when Andre was gone and I would miss his morning ritual. That day came on Monday.

We awoke not to his usual hearty urging but to a barely audible sound. He was on the bed between us, laid flat, looking up at us, telling us he was not well. We knew immediately he’d had a stroke. By the end of the day, a day of suffering and tears, we had to put him to sleep.

Andre brought us many years of love. He was a gentle soul and a part of our family. Our daughter was just ten years old when we brought Andre home. He was there when she was growing up and there when she came home from college. We had hoped he would be there at least one last time when she comes home this Christmas.

We lost a friend and we miss him. We are saddened but we are thankful for the years he was with us.

We all have many things to give thanks for this holiday season. One thing we should remember is the unconditional love and companionship of our pets. Don’t take them for granted. Give them a little extra attention today, this week, this month. You never know when it might be their last.

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Why I’m no Longer a Workaholic Attorney (and How I Got Cured)

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workaholic attorney lawyerWhen I opened my own practice, I practically lived at my office. I buried myself in what little work I had and spent the rest of the time organizing files, creating forms, and worrying about how I was going to get some business.

Later on, when I had lots of clients and lots of work, very little changed. I put in long hours at the office or in court, I brought home files at night and on weekends, and when I did manage to take a day off, I was on the phone with my office every couple of hours.

Some people called me a workaholic. What I was was scared s***less.

When I had no clients and no money coming in, I was paralyzed with fear. I looked at the calendar and saw the first of the month approaching and knew there was no way I could pay the rent. I tried everything I could think of to bring in business but I spent even more time distracting myself with busy work.

When I finally had clients and real work to do, I was afraid it wouldn’t last so I buried myself in my work and made as much money as I could, as fast as I could. There was no way I was ever going back to my “lean and hungry” days.

I’m no shrink, but I think workaholic-ism is driven by fear. We may tell ourselves that we love what we do and this might be true to some extent, but it also might be a story we’ve told ourselves for so long that we actually believe it.

Nobody has the right to tell you how to conduct your business and if non-stop work makes you happy, I’m happy for you. Just be honest about it. Don’t kid yourself into thinking this is what you want or this is the way it has to be.

If you’d like to work a bit less and enjoy some of life’s other offerings, you can. I know because I did it.

How did I break free of the fear of losing what I had finally achieved? How did I stop working so many hours and eventually get down to working just three days a week?

I changed my focus.

I no longer focused on things that made me fearful.

Instead of thinking about what I did not want (e.g., being broke) and using that to drive me, I thought about what I did want.

I wanted the feeling of security and strength and power that money brings. I wanted to help people solve problems. I wanted to spend time with my family and to travel. I wanted to be able to read fiction, go to the movies, eat in nice restaurants and wear fine clothes.

There were plenty of things I wanted and when I began to focus on them, instead of what I didn’t want, things began to change.

It was a process. I started with little things. Whenever I found myself thinking about the possible consequences of working fewer hours, for example, I would stop myself and think about going to a book store and browsing for an hour. A pleasant thought for a book lover like me. I relaxed. I stopped thinking about what I didn’t want. It felt good.

Eventually, I didn’t just think about going to a bookstore, I actually went. My world didn’t come crashing down on me. The clients didn’t leave. The work was still there, and so was the money.

Little by little, I trained myself to think about what I wanted and to let go of my fear of losing what I already had.

If you are a workaholic and you don’t want to be, there are many things you can do to let go of the compulsion to work. Try them if they inspire you.

But you don’t really need anything more than to let go of the fear-inducing thoughts that hold you back. Replace them with thoughts of a better future and let those pull you forward.

Wherever you are, whatever you’re doing, keep coming back to your vision of an ideal life, a life of happiness and success, of work that that gives you joy but does not overwhelm. Keep doing this and you will create that life. This is the law of attraction.

Think about what you want, not what you don’t want.

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Slowing down to speed up

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Stop running. Yes, I know you have to get to court, crank out a new agreement, and meet with your new client. I know you’re busy and this is how you earn your living. I know that if you don’t do the work you won’t get paid.

Slow down anyway. Better yet, come to a complete stop.

At least for a few hours.

Slowing down allows you to refine what you’re doing so you can do it better, and faster. Just as a race car needs pit stops, so do humans. By taking a break periodically, we can ensure that everything is working properly and that we are on course and on pace. Taking a break allows us to recharge our energy and clarify our focus. It allows us to go faster, assured that we are going in the right direction.

Take some time to evaluate what you are doing and the results you are getting. Are things moving in the direction you want? Is there anything you could do better? What’s working well that could be expanded?

Take some time to look at your calendar. How are you spending your time? What else might you do? Is there something you are doing that you don’t really need to do? Is there something that takes you two hours that could be done in one?

Take some time to rest and reflect on the bigger picture. What big ideas could you start working on that might help you take a quantum leap? Where do you want to be five years from today and what could you start doing today to help you get there?

Take some time to get rid of clutter and distractions. If it doesn’t serve you in some way, eliminate it. Simplify your life so you can focus on what is important and valuable.

Take some time to read things you don’t usually read. Look for ideas and inspiration. Have some fun. Goof off. Go to the movies in the middle of the day. Take your best friend for a long lunch.

And take some time to give thanks for all that you have. When you appreciate the goodness in your life, you attract more of it.

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Mark Zuckerberg’s advice for success in business

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mark-zuckerberg-on-charlie-roseMark Zuckerberg was interviewed recently by Charlie Rose. Mashable published twelve quotes from that interview.

I clicked through the quotes in the slide show and didn’t think much of them. Perhaps they lost something outside the context of the actual interview.

But then I came back to one of the quotes, one that at first blush, seemed not to say much at all. The quote I came back to was Zuckerberg speaking about business:

“I think a simple rule of business is, if you do the things that are easier first, then you can actually make a lot of progress.”

It seems simplistic, doesn’t it? “Start with the easy things.” But it is truly profound.

Many people who start a business project, myself included, tend to focus on the hardest parts first. My thinking has been, “I can always do the easy things, I need to conquer the toughest challenges first because if I can’t lick those, this project will never get off the ground.”

How about you? Do you start with the easy things or, like me, do you first jump into the deep end of the pool?

Perhaps we equate “easy” with “having less value,” but in the practical sense, that isn’t true. The things we can do without a lot of thought or effort are often of greater value because they allow us to get started and getting started is the most important part.

Most business projects never see completion because they never get started. They remain ideas, Someday/Maybes, wishes and dreams.

How many projects have you conceived in the shower or while out for a drive that never got past the idea stage? In the light of day, when you thought about those ideas, you saw how difficult they would be. “I can’t do that. I don’t have time to do that. I don’t have the money to do that. Maybe some day.”

Perhaps you did get started, but you started on the difficult things first and saw first hand the immensity of the challenge. Now you know you can’t do this. Maybe some day.

What if you did the easy things first? What would happen?

You would learn things you need to know. Meet people who can help you. Gain confidence. And momentum.

If Mark Zuckerberg had thought about Facebook as anything more than what it was when he started, a little dorm room project, he may never have started. It was easy for him in the beginning, and fun. The hard parts came later after he was committed.

The most important part of any project is getting started.

Start with easy.

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Marketing legal services: doing things you don’t want to do

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Conventional wisdom says that success lies outside of your comfort zone. If you want something you don’t have, you have to change what you are doing and this will probably be uncomfortable, as is anything new. Over time, you will become comfortable with your new activities and you may actually enjoy them.

But then, you will have a new comfort zone. To get to the next level in your growth, you will once again need to go beyond your comfort zone into new territory.

Success, therefore, requires continually being uncomfortable.

This is what we are told, but is it true?

Let’s take marketing for example. Let’s say you really don’t like networking. You’re shy, you don’t like being away from your family, you’re not a “people person”. Whatever. You just don’t like it.

But networking is a proven way for attorneys to build their practices. So what if you don’t like it, there are lots of things we have to do in life that we would rather not do. Shouldn’t you just get out of your comfort zone and do it anyway?

No.

If you tried it and truly don’t like it. . . you don’t like it. Don’t do it.

There are other ways to bring in clients. You don’t have to continue to do things that make you uncomfortable, you can do something else.

Ultimately, success lies inside your comfort zone.

When you like something, you’ll continue doing it. The more you do it, the better you get at it. The better you get, the more successful you will be and the more you will enjoy doing it. And the cycle will continue.

In contrast, when you force yourself to do something you despise, you are miserable. You’ll find ways to avoid going to your networking event, even to the extent of getting sick. You won’t get better at it and your lack of results will only frustrate you and make you hate it even more.

Doing what you enjoy doing is the recipe for success.

Don’t fight how you feel, don’t try to talk yourself into it, and don’t do it because you think you must.

There, did I just hear a big sigh of relief from you?

Good. I’m glad I could help. Just don’t be too quick in deciding what is and what isn’t inside your comfort zone.

Often, we decide we don’t like something based on too little information. Sometimes, we never try at all, basing our opinion on what we’ve heard from others or what we imagine. Sometimes, we try it once, have a bad experience, and never try again.

Don’t give up too soon and don’t assume that when you try something and it is uncomfortable, it will always be so.

Give it a fair try. Study and learn how to do it better. Find mentors who can counsel you. Give the new experience enough time for the newness to rub off.

If it really isn’t your cup of tea, relax, you don’t have to do it. On the other hand, you might discover some things you thought you hated that you’re actually quite good at and now enjoy.

My wife and I grew up with dogs in the house. Cats? Not for us. We don’t like them. All that changed when our daughter was young and wanted a pet but nobody wanted to walk a dog. So we got a cat. Then another.

We gave them a chance and today, Seamus and Andre are like members of the family. That’s Andre in the photo with me, sharing some love with his daddy.

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Is this the real reason you’re always tired?

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So you work long hours. And too many days without a day off. You’re on the go all day long, putting out fires, racing to the next one. Who wouldn’t be tired with your schedule?

But near exhaustion is not a natural state of being and it’s certainly not a recipe for good health or long life.

If you’re not getting enough sleep because of your schedule, if there simply isn’t enough time for sleep, you need to fix that. Fortunately, there are many ways you can cut your work hours without cutting your income. In fact, working less can actually increase your income, as it did mine.

If you are self-employed, you can delegate more of your work, you can increase your billable rate, and you can target better clients e.g., those willing to pay more for better service and influential clients who can refer others like themselves. If you’re not self-employed, you need to have a talk with your employer about your fast track to burnout, or find a new employer.

If you have enough time for sleep but you’re still not getting enough, if you have some form of insomnia and there’s no medical reason for it, there are also many things you can do. Taking naps, exercising, cutting down on caffeine, listening to “white noise,” improving your diet, and avoiding TV before bed, are a few common techniques for improving your ability to get a good night’s sleep.

But instead of looking for techniques to cure insomnia, why not find the cause and eliminate it?

If you’ve tried everything you can think of to get a good night’s sleep but you’re still always tired, my guess is that you’ve got too much stress in your life. It might not be caused by something obvious like job loss, marriage issues, or a medical crisis. It can be something much more subtle.

Let me ask you a question. Be honest, you’re the only one who will hear the answer.

Are you happy?

Are you doing what you want to be doing professionally? Is your career going the direction you want it to go? How about your personal life, are things running smoothly there?

Life is supposed to be easy. And fun. If it is not, if it is a struggle, if you’re always doing things you don’t want to do and pushing to get to the next level, you need to know that this is not the natural order of things.

I don’t believe we were put here to struggle. I believe we were put here to explore, to build, and to experience joy. I also believe we were given instincts and emotions to guide us. If most of the time we feel good about what we’re doing, it means we’re doing the right things and moving in the right direction. If we feel bad, it means we are not. When we feel bad most of the time, we experience stress, insomnia, and burn out. A one way ticket to unhappiness.

In his post, The Power of Effortless Living, the author uses the metaphor of a meandering river to make the case for following the path of least resistance. “To resist the natural course – to row against the tide – is exhausting and pointless; those who try only wear themselves out getting nowhere.”

Our futures are uncertain, he says. We cannot know where the river will take us. “All we can do is keep a vigilant eye for opportunity, relax and enjoy the journey”.

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Making Money in the Current Economy: Advice for the Nervous

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A friend emailed me recently, seeking financial advice. He’d just watched a video on our current economic woes and the bleak forecast for the future.

He’s in his late 20’s, a creative type (graphic arts, web design, dance, music), and intelligent, but not savvy about business or finances. He currently works part time and does some freelancing, and he is nervous about his future.

He asked for books I might recommend, so he can educate himself, and for advice. I thought I’d share with you the advice I gave him, edited and with a comment or two for attorneys.

Here is what I told my young friend:

  • The best thing you can do is to own your own business. Don’t rely on a job, hire yourself. Yes, that’s risky and frightening, but so is being dependent on someone else.
  • Do something that excites you, even if you don’t know how you can make money at it. If you’re passionate about what you do, you’ll do it long enough to get good at it and the money will find you.
  • Focus. Put all your eggs in one basket. You can have more than one business [he has several interests], but only if they are related, or you start one after the first is successful.
  • Employ leverage. Find ways to use OPM and OPE (other people’s money and other people’s efforts). If your income depends solely on what you do, you’ll never grow as big as you could and vacations and retirement will be problematic.
  • Work at your business every day. Most people give up; you can stand out by consistently showing up.
  • Give more than is expected of you. The more value you deliver, the more your business and life will be enriched.
  • Go global. Use the Internet to offer your products or services worldwide. [Attorneys, if possible, don’t depend on just your local market. Can you get licensed in other jurisdictions? Can you create a law-related product (book, course, etc.) that can be sold to people outside your local market?]
  • Don’t fear competition, embrace it. Your voice and style makes you unique. You can earn more by working with your competition than you could trying to beat them. [Attorneys, you don’t sell your services so much as you sell yourself. You are your brand and your brand is valuable.]
  • Surround yourself with good people. You only need a few but choose them carefully.
  • Don’t worry about whether or not you’re good enough right now. Study your craft, do it every day, and you will soon be good enough. Just get started. Teddy Roosevelt said, “Do what you can, with what you have, where you are.”
  • Don’t worry about the economy or fixate on politics. Don’t put your head in the sand but realize you can’t do much about it. I agree with Barbara Bush who said, “What happens in your house is far more important than what happens in the White House”.
  • Think about what you want, not what you don’t want. You will attract what you think about.

A law practice is an extension of you. You are worth far more than you know.

Marianne Williamson said it beautifully:

Our deepest fear is not that we are inadequate. Our deepest fear is that we are powerful beyond measure. It is our light, not our darkness that most frightens us. We ask ourselves, Who am I to be brilliant, gorgeous, talented, fabulous? Actually, who are you not to be? You are a child of God. Your playing small does not serve the world. There is nothing enlightened about shrinking so that other people won’t feel insecure around you. We are all meant to shine, as children do. We were born to make manifest the glory of God that is within us. It’s not just in some of us; it’s in everyone. And as we let our own light shine, we unconsciously give other people permission to do the same. As we are liberated from our own fear, our presence automatically liberates others.

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The strangest secret with Earl Nightingale

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I first heard this recording over forty years ago when my father brought home a vinyl LP record. It was one of my first exposures to personal development and has lead to a lifelong study of great books (and recordings).

This is the message that started it for me and if you haven’t heard it, you’re in for a treat.

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Steve Jobs’ greatest marketing lesson for lawyers

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No doubt Steve Jobs’ career will long be studied in business schools. His vision and iconoclastic style changed everything in the world of technology and business. Jobs urged the world to “Think Different” and his accomplishments proved this to be good advice.

His career also provided several lessons in marketing for lawyers, as Larry Bodine ably points out. I believe Jobs’ greatest lesson, however, was in the way he lived his life.

Well before illness reminded him of his mortality, Jobs’ philosophy for living drove him to take risks. In his address to the 2005 Stanford graduating class, he described it this way:

“When I was 17, I read a quote that went something like: “If you live each day as if it was your last, someday you’ll most certainly be right.” It made an impression on me, and since then, for the past 33 years, I have looked in the mirror every morning and asked myself: “If today were the last day of my life, would I want to do what I am about to do today?” And whenever the answer has been “No” for too many days in a row, I know I need to change something.

“Remembering that I’ll be dead soon is the most important tool I’ve ever encountered to help me make the big choices in life. Because almost everything — all external expectations, all pride, all fear of embarrassment or failure — these things just fall away in the face of death, leaving only what is truly important. Remembering that you are going to die is the best way I know to avoid the trap of thinking you have something to lose. You are already naked. There is no reason not to follow your heart.”

Of course this is not, per se, a marketing lesson, nor is it confined to lawyers. But I believe that more than anyone, lawyers need to hear this message.

Lawyers are among the most risk adverse creatures on Earth. Protecting our clients from risk is one of our strengths. Paradoxically, it is also one of our weaknesses.

In the world of business, lawyers are known as “deal breakers”. To protect our clients, (and ourselves), we often overstate the likelihood and potential consequences of perceived risks, often to the detriment of our clients’ business interests. A deal not struck cannot result in loss but neither can it result in gain.

In marketing their services, many lawyers are also deal breakers. They don’t want to appear weak or unprofessional or make a mistake that embarrasses them or gets flagged as an ethics violation, and so too often, they do nothing. Or they do something that is so watered down, so colorless, the results aren’t even worth mentioning.

Steve Jobs was successful because he took chances. He defied convention. He stuck his neck out and challenged the world to a duel. He had many defeats and many detractors but he accomplished great things because he didn’t worry about what others thought.

Most lawyers don’t like marketing, not because they feel it is beneath them, although that sentiment also exists, but because they are afraid to fail. They can sell their ideas to a jury, risking everything on behalf of their client, and when they lose, shrug it off and bounce right back. But when it comes to selling themselves, many lawyers freeze in their tracks.

Learning how to market ones services helps to reduce the fear, but in the end, lawyers need to just go for it. As Los Angeles Dodgers great Maury Wills, who stole 104 bases in one season once said, “You can’t steal second base while keeping one foot on first base.”

While many baseball fans know about Wills’ record setting base stealing, they may not know that he also set a record for being thrown out while attempting to steal a base–31 times during the 1965 season.

Nobody ever achieved great success by playing it safe. All great achievements have come from taking great risks. Steve Jobs took risks every day and lived every day like it was his last. He had many losses and many wins but, I am sure, few regrets.

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