Search Results for: getting things done

Networking 101: What Do I Do After I’ve Made a New Contact?

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An attorney emailed and asked:

“Last week, I met a man who is the head of the [an influential association]. Good contact. I sent him an email saying nice to meet you, he responded likewise and hopes to see me around. Now what?”

Great question. What do you do after you meet someone? How do you develop a relationship that will bear fruit?

Of course there isn’t a simple answer. Each situation is as different as the individuals involved. And while every nascent networking relationship has the potential to grow and develop, it’s possible that it won’t. The chemistry isn’t there, the timing isn’t right or one of the parties simply isn’t amenable to taking the relationship to a higher level.

So you meet a lot of people, try a lot of things, and see what works. Most relationships probably won’t pan, out but that’s okay. You only need a few good ones.

When you meet a new contact, here’s what to do next:

First, never leave anything to the other party. Always take the initiative to move things forward. You invite them, you call them, you ask them. The reason we give people our business cards when we meet them, isn’t so they have our contact information, it’s to get theirs.

So you’ve done that. You took the lead and emailed “nice to meet you”. That’s good. He replied. Even better. The door is open to future contact and there is now a chance that he will remember you.

Second, when we meet new people, during those uncomfortable first few minutes where we exchange small talk, we are searching for “commonalities”. When we find them (a school, a mutual friend, a shared interest in golf, for example) we are united in that common interest and we have something we can talk about. When you find something in common with your new contact, however banal, you can use that to continue the conversation at a later time.

So, did you discover any commonalities with your new contact? Did you discuss anything that you can use to continue the conversation? If not, in your next communication, find a reason to ask him a question. Ask if he knows someone you know or what he thinks about an idea that is important to his industry. Share an article you think he may like and ask for his thoughts.

Third, and most important, networking isn’t about you getting something from the other person, at least not initially. In the beginning, networking is the search for people with problems you can help solve or objectives you can help meet. I am not necessarily referring to your legal services.

What does the other person want? Where is his pain? What is on his mind? You need to find out so you can help.

You might have information that can help. You might introduce him to someone. Or give him a referral.

You get what you want by first helping other people get what they want. The more you give, the more (eventually) you will get.

So, if you don’t know what this individual wants, find out. Ask him–“how can I help you with. . .?” Or ask people who know him or his organization what might be needed. Or do some research.

Once you know what someone wants, look for ways to help him get it. If you can’t help them yourself, turn to your existing network of clients and contacts and find someone who can. If your contacts can’t help, they may know someone who can.

Your role is to position yourself as the “go to” person when people need something. You connect people with problems with people who have solutions. In doing so, you help both people and you also help yourself.

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Prioritizing tasks: what do I do first?

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Many productivity experts today avoid using the term “time management” because in truth, we cannot manage time. The only thing we can manage are our priorities.

If you have a list of tasks (“todos”) that’s longer than Joe Biden’s gag reel, you may be wondering how to prioritize that list so that you get the most important things done.

“What do I do first?” you ask.

Of course only you can answer that question (unless you’re married–just kidding, dear. . .).

The challenge is in looking at everything on your list within the context of a single day. There’s too much to do and it is overwhelming.

I’ve written before about how I use the concept of “MITs” (Most Important Tasks). Every day, I choose three MITs from my greater list and focus on those. If I get those done and I have time for more, I’ll go back to my list and choose another, but if I don’t, I’m satisfied because I completed the three most important tasks for the day.

I also wrote about how I use MITs in my Evernote for Lawyers eBook.

I first learned about this concept in “Think and Grow Rich”. Napoleon Hill tells the story of Ivy Lee who was doing some consulting work for Charles Schwab, the head of Bethlehem Steel. Schwab told Lee that the biggest problem he had was making his managers more effective in the use of their time. Lee said he would give him the solution to his problem and Schwab agreed to try the system for a few weeks and send Lee a check for what he thought the idea was worth.

Lee told Schwab that at the end of every day, his managers should write down their top six priorities for the following day. Then, they should put the list in the order of importance. The following day they should begin with the first task on the list and work on it until it was completed. Then do the second task on the list and repeat this until the end of the day. Any unfinished tasks should be put on the list for the following day.

Schwab tried the system. In a couple of weeks, he sent Lee a check for $25,000, the equivalent of $250,000 today.

Whether you choose three MITs or six top priorities, the idea is the same: select from your greater list a finite number of priorities and work on those first. You may have a large list of important tasks but importance is a relative term–some things are more important than others.

Another popular method of prioritizing tasks, which could be combined with MITs, is the method taught by Franklin-Covey. The idea is to go through your task list and assign a priority to each item:

A—urgent and important
B—important but not urgent
C—urgent but not important
D—not urgent or important

At the beginning of each day, start on your A’s first. If you get those done, move to the B’s, then the C’s.

It’s easy to get overwhelmed by everything we need to do. We can reduce our anxiety and increase our effectiveness by prioritizing our tasks and working on the most important things first. “What is the the most important thing you need to do right now? Don’t worry about everything else.

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The problem with most consumer law practices

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Most consumer oriented law practices have a big problem. Lawyers who practice family law, bankruptcy, criminal defense, estate planning, personal injury, real estate, and other areas, have a preponderance of “one time” clients. Once the initial case or engagement is completed, the attorney gets no additional revenue, or at best, very little.

The problem is worsening. It costs more to bring in a new client today, and overhead and manpower expenses to service those clients are also higher. But clients aren’t willing to pay more, and they don’t have to. With more lawyers competing for the same clients, clients have more options.

I just spoke to an attorney who is spending $13,000 a month on yellow pages. The good news is that her ads bring in a lot of new clients. The bad news is that she loses money on every one.

The solution to this problem is for attorneys to develop their “back end”–services and other profitable initiatives they can offer their clients after the initial engagement.

In any business, most of the profits are made on the back end. There is a cost to acquire a new customer, and while it is hoped that this can be done at a profit, it’s not required. So long as the business can make enough profit after the initial sale, if the back end is big enough, most businesses are willing to lose money on the front end.

How can an attorney develop a back end?

Some attorneys are branching out into new practice areas. So the bankruptcy lawyer who sees a downturn in new clients starts offering family law or estate planning services. The problem with this is that it makes it much harder to get referrals from family law and estate planning attorneys with whom you are now competing. It’s also more difficult to market a general practice than a specialized one.

Instead of taking on new practice areas, here are two things an attorney can do to develop a back end:

  1. Expand and systematize referrals. Focus on getting more referrals, better referrals, and more frequent referrals from your clients. In this way, each client you bring in on the front end represents more profits on the back end. If you spend $1000 to bring in a new client who pays you $1000 on the front end, but you earn an average of $3000 from their back-end referrals, you can afford to bring in as many “break even” clients as possible. You can even lose money on the front end.
  2. Market the services of other lawyers to your clients. Instead of you taking on a new practice area, associate with other attorneys who are specialists in those areas and offer their services to your clients in return for a share of the fees (if ethically permissible) or in exchange for marketing your services to their clients. (You aren’t limited to working with other attorneys; you can also market the services of other professionals and businesses.)

A key number every attorney must know is the “lifetime value” of a new client. This includes the value of their repeat business, their referrals, and other revenue derived as a result of having them on your list. Take some time to determine this number and then work on increasing it.

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Why I sell legal plans (and you should too)

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Every day, attorneys talk to people who need help with something they don’t handle. Or who can’t afford to hire them. In the past, all you could do was turn them away and wish them good luck. Today, instead of turning them away, many attorneys sign them up for a legal plan. The client gets some help and the attorney gets paid a commission.

I’ve been doing this for years. It doesn’t take a lot of time. You’re speaking with them anyway. All you have to do is send them to your legal plan web site to get information. If they sign up for a plan, you get paid.

Several companies offer legal plans, but there’s only one that I recommend. It’s called LegalShield, and they are the leader in the industry. I’ve had their Membership for many years and use it all the time. I chose to affiliate with LegalShield instead of other companies for several reasons:

  • They’ve been in the business over 40 years and are available in 49 states and 4 Canadian Provinces
  • They offer plans for consumers and small businesses; their plans are also offered as an employee benefit at tens of thousands of companies
  • All areas of the law are covered; all legal services are provided to Members for free or at a 25% discount
  • Their plan covers the entire family for as little as $25/mo. A small business can get coverage for as little as $39/mo.
  • They are the only company with a “closed system” (i.e., not referrals); this allows them to maintain quality control
  • Nearly all of their provider law firms are AV-rated
  • They also offer one of the best identity theft protection plans available

Over the years, I’ve referred hundreds of people who have signed up for a LegalShield plan, including a lot of lawyers. It’s a great value. Even if you don’t want to sell the plans you should consider getting a plan to protect your family and law practice.

How much can you earn doing this? You can earn a few hundred to a few thousand dollars a month on a casual basis, simply by referring people to your LegalShield website. Or, if you put some time and effort into it, you can earn a six-figure income, as many attorneys (and I) have done.

The best part is that commissions are residual–you get paid every year the client renews their Membership. Residual income allows you to build a retirement income. That’s something that really appealed to me. Although I earned a lot of money as an attorney, I knew I wasn’t putting away enough cash for retirement. My LegalShield business will provide me with that retirement income.

My first month as a marketing Associate with LegalShield I signed up a few people and earned an extra $300. No, not a lot of money, but by my fifth month, I was earning an extra $3000 a month on a part-time basis. Within a few years, I was earning more in my “little side business” than many attorneys earn in their full-time job or practice.

I didn’t earn all that money myself, however. I signed up a lot of lawyers who heard what I was doing and wanted to do it, too. The company pays me a percentage of all the business they sign up (an override). The lawyers I signed up signed up other lawyers, as well as insurance agents and brokers, real estate and mortgage brokers, financial planners, business owners, their clients and personal friends, and as this network grew, so did my income.

You can do the same thing.

Some attorneys want to know if this represents a conflict of interest. My answer is two-fold. First, check with your bar association or legal society regarding possible ethical issues. I’ve signed up attorneys in over 45 states so the answer will probably be “no conflict” but you must check this for yourself.

The second part of my answer involves a de facto conflict of interest: if you sign people up for a legal plan, they may use the plan instead of hiring you. This may or may not be true.

Some attorneys only show the plan to people they otherwise would be turning away. Some show it to their clients after the initial engagement is completed. Some offer it to prospective clients in states or provinces where they aren’t licensed. Other attorneys show it to everyone, trusting that their relationship with their clients, the personal touch (that no legal plan attorney can match) will result in the client staying with them for their primary practice area. Their clients use the plan for little things the attorney doesn’t want to handle.

The way I look at it, someone is going to sign them up for a plan. It might as well be me.

So, there you have it. You can earn extra income signing up people who don’t hire you, you can earn passive income by signing up attorneys and other professionals who want to offer these plans to their clients, and you can build a retirement income for yourself.

If you’re interested in getting more information, click here to see my LegalShield website. If you like what you see, contact me. I’ll answer your questions and tell you more about how other attorneys and I have built a successful LegalShield business. If you want to get started and work with me, I’ll help you do that, too.

David M. Ward
david[@]attorneymarketing.com

P.S. Here’s a video I recorded that tells you more:

https://youtu.be/GIj0WUwPShc

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A habit that will make you rich (hint: it’s all in your mind)

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One of the “Eight Secrets to Getting More Done in 2012,” in this Forbes magazine article struck a nerve with me because it is something I have struggled with. If you have ever been accused of being “overly analytical,” “a perfectionist,” a “procrastinator,” or just somebody who has trouble making up their mind, we’re bred from the same stock.

Yes, being an attorney means being careful, not jumping to conclusions, and not making rash decisions. We carefully weigh the options and we go out of our way to avoid risk. It goes with the job description.

It’s also why attorneys usually make poor business people. Entrepreneurs see a vision of success and act on it; lawyers see what could wrong and either say no or mull it over so long the opportunity passes them by.

But according to Napoleon Hill, author of Think and Grow Rich, the ability to make quick decisions is the hallmark of rich people:

Analysis of several hundred people who had accumulated fortunes well beyond the million dollar mark, disclosed the fact that every one of them had the habit of reaching decisions promptly, and changing these decisions slowly, if and when they were changed at all. People who fail to accumulate money, without exception, have the habit of reaching decisions, if at all, very slowly, and of changing these decisions quickly and often.

Marty Zwilling, founder and CEO of Startup Professionals understands this. It was his contribution to the Forbes article that caught my eye:

My key to productivity is simply “make a decision.” Even a bad decision is recoverable, and better than no decision, since it gets the issue off your plate and moving. Making no decision bottlenecks your work, and causes things to happen to you, rather than by you.

But if the ability to make decisions quickly is a habit of the rich and attorneys are prone to doing the opposite, why are there so many rich attorneys?

Two reasons, I think. First, we’re around a lot of successful people and get in front of a lot of good opportunities. The odds are in our favor that we will be “in the right place at the right time”. Second, attorneys are intelligent people and tend to make “good decisions,” albeit not quickly. If we could combine the two and make “good decisions quickly,” I think there would be many more rich lawyers.

Fortunately, making decisions quickly is a habit and habits can be developed. You do it once, the world doesn’t end, you do it again.

Wash, rinse, repeat.

Start with little decisions, “which movie to see,” or “which topic to write about today.” Give yourself five minutes to decide. Use a timer. Use a screen saver message or post-it to remind you to “Decide Now!” And do it every day.

If you mindfully make quick decisions every day, making quick decisions will soon become a habit. Eventually, you’ll be able to make quick decisions about important matters and that’s when you will see more significant results.

But don’t forget the other side of the equation. Once you’ve decided, you must stick with your decision. Practice not changing your mind. Yes, you’ll make mistakes, but as Zwilling says, “even a bad decision is recoverable”. Isn’t that why God invented E and O coverage?

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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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Using Followupthen.com email reminder service (with or without Evernote)

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Follow up then and evernoteAs you know, I use Evernote for everything: notes, writing, web clips, and task and project management. (Read my posts about how I use Evernote).

A missing element in using Evernote for task management is calendar integration. If I want to see a note on a certain day in the future, I have to manually put a reminder on my calendar, with a link to that note. I calendar “ticklers” to remind me of all kinds of things: reviewing a task, starting a task, calls–anything I need to do or review at a future date.

There is only one issue with this, but one I can live with until something better comes along: The note links that I paste into my Google Calendar aren’t clickable. To find the linked note, I copy and paste the link into a new browser window, hit enter, and the note is launched in my Windows desktop client.

Followupthen.com is an email reminder service that can be used to send reminders to yourself or anyone else (e.g., employees, partners, clients), at pre-set days and times. For example, you can use the service to send yourself an email reminder to call a client three days from today or to begin working on a brief three hours from now.

I’ve tried the followupthen.com service and I like it. It’s easy to use and requires no registration. Simply send an email (To, CC, or BCC) to (time interval) [@] followupthen.com to schedule a future email. The service is free and they have an upgraded version with additional features.

You don’t have to use Evernote to benefit from the Followupthen.com service, but you might want to. Fellow attorney and Evernote lover, Daniel Gold, author of a new ebook on using Evernote for GTD, just posted a video showing how he uses the Evernote Note Links feature with Followupthen.com to remind him of his Evernote tasks:

[mc src=”http://www.youtube.com/watch?v=VAsKUFHlA60″ type=”youtube”]Evernote and followupthen.com reminders[/mc]

Followupthen.com may sound like the ideal solution to Evernote’s lack of calendar integration, but there are two issues that preclude me from using it exclusively:

  1. The Evernote note link that is returned to you in the reminder email isn’t clickable (at least not in my chrome browser). I still have to copy and paste it as I do with links in my calendar. This may not be the case if you use Outlook or another email client, but I still have the extra step I have when using gCal. Of course you can use the reminder without note links but then, once reminded, you have to search to find the note in Evernote.
  2. Email isn’t as reliable as a calendar. If an email doesn’t arrive, or you don’t see it when it arrives, you won’t get another reminder. The corresponding task that lies buried in Evernote (or whatever you are using) might forever be forgotten. On my calendar, when I do my weekly review, I can see all of the tasks I did and did not do that week. To re-schedule a task, all I need to do (on gCal) is slide it to another day.

I recommend Followupthen.com but I don’t see it as the best solution for tracking reminders. I can see using it for reminders in addition to using a calendar or other application, but not as a replacement.

Evernote said they are going to release a “due date” field, at which point we will be able to use Evernote itself or other third party applications for reminders.

If you use GTD and Evernote (or want to) and you want to know how to use the two together, Dan’s ebook is only $5. (My review). Dan is currently running a promotion and will be giving away one year of Evernote Premium.

If you are new to Evernote and want to get up to speed quickly, Brett Kelly’s “Evernote Essentials” ebook is highly recommended.

What are your thoughts on Followupthen.com and Evernote reminders?

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Five ways lawyers can leverage a win or other successful outcome to get more clients

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Most lawyers go from case to case, client to client, never stopping to use the successful outcomes they create as marketing leverage for bringing in more clients. That’s because they’re thinking like a lawyer, not a rainmaker.

Instead of rushing from one case to the next, take a few minutes to think about how you can use the successful outcome (verdict, settlement, closing the deal, estate plan, etc.) to get the story told to the people who can bring you more business.

Here are five ways you could do that.

  1. Your client. The best time to talk to clients about referrals is right after a successful outcome. When you hand them a check, sign papers, or otherwise bring things to a climax, it’s prime time to ask for referrals, for a testimonial, or for other help.

    Ask consumer clients to refer you to their friends and family or to other professionals they know. Ask your business clients to introduce you to their vendors or distributors, to write about the case in their newsletter or blog, or submit an article to their local paper. (You can write the article for them).

    The favor you ask your client doesn’t have to be related to their case. They’re happy and willing to help, so ask them to distribute your new report, “like” your new blog post, or invite their friends to your upcoming seminar. And ask them to ask their friends to do the same.

  2. Your other clients and prospects. Write about your successful outcome in your blog and newsletter. Post it on your web site. Do a little bragging on social media channels. Take advantage of the win to let others see you doing what you do, helping others “just like them” achieve the same benefits they seek.
  3. Other parties/witnesses. Send a quick note to the other parties and/or their counsel, thanking them for their professionalism. Send a thank you note to experts and other witnesses, for a job well done. It’s not uncommon to see the losing side hiring the winning attorney or sending referrals or opposing counsel referring clients when they have a conflict. By the way, do the same thing when you lose a case or settle for less than hoped.
  4. Your colleagues. Tell other lawyers you know about your case. Send a letter, speak about it at Bar functions, write an article, point them to your blog post. Tell the story and share the legal nuances, give them tips about the judge or arbitrator or experts. Help them do better on their next case and they will appreciate you, reciprocate with good information on their next case, and send business your way when they have a conflict.
  5. The media. Find something newsworthy or otherwise interesting about the case, your clients or their company and issue a press release or write an article for publication in their trade journal or home town paper. The media are starved for good stories; don’t assume there’s no news value to preparing a living trust for your blue collar client. In the hands of a good writer, there’s always a story to be told.

Leverage means getting more results from the same effort. From now on, leverage your successful outcomes to get more publicity, more speaking engagements, more traffic to your web site, and more new clients.

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Working smart doesn’t mean sacrificing quality or personal attention

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I got an email from an attorney who read my story about the changes I made in my practice that increased my cash flow. (If you’re on my newsletter list, you have or will get the email, promoting my Cash Flow for Attorneys program). One of the things I did was delegate as much of my work as possible, eventually getting to the point where I did “only those things that only I could do.”

In reply, this attorney said,

“The lesson may be that sacrificing quality and personal attention to the clients can raise your bottom line. The moral should be: what client would pick that savvy business owner over the harder working practitioner?”

I understand how one might think that delegating as much as possible and running your practice like a business would lead to a lower level of quality or personal attention. In reality, it is just the opposite.

My clients got a higher level of service and more personal attention because I wasn’t trying to do everything myself. Think about it: attorneys works long hours and are stretched so thin they often don’t have time for lunch. They have less time for clients because they’ve got too many other things to do.

When you delegate work, it frees you up to do the things that really matter. You have time to greet new clients and introduce them to the staff who will take care of the mundane work. You have time and energy to oversee the important legal work, and to perform the work that “only you can do”. And you have time for marketing, so you can bring in more good clients, allowing you to hire more staff to better serve your growing practice.

If you’re trying to do too much yourself, you must find a way to delegate as much as possible. Continue to supervise your employees, to make sure the work is getting done and the clients are getting served, but let go of the notion that just because nobody can do it better than you means nobody but you should do it.

Do the math: you’re worth at least $300 an hour and, arguably, much more. If you continue to do $25 an hour clerical work, you’re working for your practice, not the other way around.

A law practice is first, a business. That business hires you, the professional. As the owner of that practice, you earn for what you do as a professional and you earn a profit on what your business takes in from paying clients. If your business doesn’t bring in clients, you won’t have anyone for whom to practice your profession.

I was a sole practitioner for my entire legal career, and I worked hard. Damn hard. Early on, I worked long hours and was always on the brink of exhaustion. I did my best to serve my clients but my best was limited to what I was able to give them with the limited time and energy at my disposal. It wasn’t until I starting working smart and delegated as much as possible that I was able to achieve the levels of financial success and time freedom I ultimately enjoyed. And because I was “selfish” enough to make that leap, my clients got better service than they ever got when I was doing almost everything myself.

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“What can I do in the next two minutes to grow my law practice?”

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I know, you’re busy. I also know you have lots of ideas for getting more clients and increasing your income that you aren’t doing. You’re so busy with work, there’s no time for anything else. But actually, there is.

It’s called, ‘marketing in the moment”.

It doesn’t require you to set aside a half day, a weekend, or even an hour to work on marketing projects. Marketing in the moment means taking advantage of the little snippets of time we all have throughout the day to do the “little things” that, in the aggregate, help your practice grow.

The idea is simple (as all great ideas are). Throughout the day, as often as you can, ask yourself, “What can I do in the next two minutes to grow my practice?”

There are lots of things you can do in two minutes. You can

  • Call a client to ask if he knows about your new Facebook fan page
  • Send an email to a prospective referral source
  • Review your notes for your upcoming speech
  • Jot down some thoughts for an article
  • Brainstorm ideas for a new report or seminar
  • Write a list of new key words for your web site
  • Check in with someone who’s working on a project for you
  • Check out a competitors web site
  • Read the comments on a book you’ve been thinking about ordering
  • Read another article on this blog

Periodically throughout your day, between phone calls, while you’re driving, while you’re eating lunch, or whenever you think about it, pause and ask yourself, “What can I do in the next two minutes to grow my practice?” (You may want to write the question on a sticky note or index card and put it where you can see it.)

You’re asking your subconscious mind, of course, and it won’t disappoint you. While you’ve been working and sleeping and doing all the things you do, your subconscious mind has been working on your ideas and coming up with new ones, and, because you asked, it will deliver those ideas to you in bite-sized, two minute chunks.

You’ll remember people you may not have thought about and you’ll call them or email them. You’ll open your bookmarks and see a web site you’ve been meaning to look at. You’ll jot down ideas for your newsletter or blog. You’ll do a lot of things you may never have done had you not asked that question.

Try it. Ask yourself that question right now. Then go do it.

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