Friday Five Trending
Never-Ending Business Development
If you haven’t figured it out yet, business development is a perpetual, ongoing commitment. It can be especially onerous if you are in a small or solo firm, where you’re not just a lawyer — you’re often the entire sales force and sole customer service rep. But, thanks to the many resources found online, you’re not completely alone in learning how to move your law practice forward. Here’s a sampling of some of the helpers out there right now.
1. Starting up. Even if you’ve already hung out your shingle, it’s not too late to learn a few pointers about what to do, or what not to do — and the things no one will tell you about starting your law practice. Consider the suggestion that being too different can hurt you, and you may have a good foundation for a strong business plan.
2. Finding clients. Next on the agenda is attracting clients. Just having a website isn’t enough; you have to work hard and try new tactics to attract new business. As Duct Tape Marketing’s John Jantsch says, you need good strategies to build meaningful business leads. The key to successful business development, once you get over initial fears or embarrassment, is finding the approach that works best for you. (For a few out-of-the-law-firm-box ideas, see this discussion on how freelancers find clients.)
3. Getting referrals. So you’ve successfully built your client list, but how do you get them to refer even more clients to you? Often people just need a reminder that you’re open for business. However, it could be you are losing out on referrals because other lawyers don’t trust you, or don’t understand your specialty. Too often, says Lee Rosen, you lose opportunities because you’re too afraid to ask for a referral.
4. Keeping clients. There are several reasons clients switch firms — including that the firm was nickel-and-diming them or adding unnecessary complexity. However, a few nonintuitive reasons might include that you’ve exceeded their expectations, compromised too much or perhaps you’ve said something you shouldn’t have said.
5. Growing your business. Is your firm ready to move to the next level? There are five marketing signs that might be the case, but beware that so-called “fixed” mindsets might hinder your ability to grow. Other ways to expand your business include turning a “no” into more business later and working with the competition.
Kandy Hopkins is a Contributing Editor at Attorney at Work. A Chicago-based freelance writer and copy editor, she specializes in legal and healthcare topics. Whenever she’s asked, “So, what do you do?” she always replies, “Whatever I think I can get away with.” Most people think she’s joking.
- Small Business, the Early Years: 6 Main Parts of Any Successful Business Plan (Business2Community)
- 10 Things No One Tells You About Hanging Out Your Shingle (Divorce Discourse)
- 9 Brutal Startup Mistakes That Can Kill Your Business (and How to Avoid Them) (OPEN Forum)
- Why Being Different Can Kill Your Business (OPEN Forum)
- Tips for Finding New Clients (Freelancers Union)
- Websites Don’t Generate New Clients (Divorce Discourse)
- 5 Proven Ways to Generate More Leads (Duct Tape Marketing and OPEN Forum)
- 6 Ways to Get More Referrals (Business2Community)
- Why Your Referral Partners Won’t Refer You (LawMarketing)
- Why You Won’t Make the Networking Call, and What to Do About It (Divorce Discourse)
- Why Clients Switch Firms (Legal Ink)
- Do You Build Invoices or Relationships? (Above the Law)
- Killing Clients with Complexity – Recognise and Address It (Legal Leaders Blog)
- 7 Things You Should Never Say to a Client (Law360)
- 5 Marketing Signs Your Business Is Ready to Scale (OPEN Forum)
- Fixed Mindset or Growth Mindset? How Learning Mindsets May Be Stifling Law Firm Change (Law Vision Insights)
- Going Above and Beyond Doesn’t Help You (The Billfold)
- Say “No” in a Way That Gets You More Gigs (Freelancers Union)
- Why I Stopped Compromising with Clients (Freshbooks)
- 3 Ways to Grow Your Business by Working With Your Competitors (Inc.)