How to find the time to grow your law practice

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On my walk yesterday, I listened to an interview with Michael Hyatt on The Smart Passive Income podcast (episode 163). One thing he talked about was how he hired his first outside assistant after he had resisted doing so for a long time.

He told a story about an entrepreneur he knows who had also resisted hiring help. A friend showed him the light.

First, his friend asked how much his time was worth. He estimated $250 an hour. Then the friend asked him to name a task he did in his business that he wasn’t particularly good at. “Updating my website,” he said. The friend asked, “If you did hire someone to update your website for you, would you pay them $250 an hour?”

The entrepreneur said no, of course not. “But that’s exactly what you’re paying now,” his friend said.

Hyatt said that when he realized that a virtual assistant  could free up his time to do the work that he does best, he decided to give it a try. He started slowly and hired someone for just five hours a week.

He quickly realized how much more high-value work this allowed him to do and increased it to ten hours a week. Because he was doing more of what he does best, his business really took off. He now has a stable of employees and virtual assistants who do the work that they do best, allowing him to focus on his strengths.

I thought about that and realized that all of us could find enough tasks in our week to keep a virtual assistant busy for five hours. If the assistant costs $10 an hour, that’s only $50 a week.

Who wouldn’t pay $50 to free up five hours?

What if that allowed you to bill an additional five hours a week? What if you used that time to bring in more clients?

If you want to grow your law practice, this is a place to start. Make a list of things you do that you’re not good at or don’t enjoy and find an assistant who can do them for you.

What will you do with all that extra time?

Learn more ways to leverage your time. Click here

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