Something in Seth Godin’s post today caught my eye. He said, “Most things that go wrong, go wrong slowly.” That’s true, isn’t it? If you’re having challenges in your law practice, they usually take time to develop.

If you’re income is going down, it probably hasn’t happened all of a sudden. It’s probably been happening for months, maybe years. The good news is that because it happens slowly, there’s time to fix it.

When you are experiencing a downward cycle, Seth says the wrong thing to do is rationalize it and ride it out. Or, in the case of declining income, think that cutting costs is the only thing you can do.

The right way to deal with a downward cycle, he says, is learn to recognize it and replace it with an upward cycle. “Understand what triggers [a downward cycle] and then learn to use that trigger to initiate a different cycle,” he says.

So if your income has been declining, instead of waiting for the economy to improve, you have to do something to bring in more income.

But what?

Start by asking yourself some questions:

• What did I do, or fail to do, that contributed to this situation? How can I change this?
• What have I done before to turn things around?
• What are other lawyers doing that’s working?
• What do I need to learn?
• What bad habits do I need to eradicate?
• Who can help me? (Start with categories, i.e., CPA, marketing expert, banker, then look for candidates)
• What do I need to do more of?
• What do I need to get better at?

If I were coaching you, among other things, I would tell you to look at where most of your income is coming from now, or has in the past (practice area, referral sources, marketing methods, etc.) and expand this. Leverage your strengths. Do what has worked before.

And focus on what you can do, not on what you can’t do. You can’t change the economy, but you can make some calls.

If you want to learn how to earn more than you ever thought possible even if you’re in a downward cycle, download The Attorney Marketing Formula.