|
In
1897 An Italian Economist named Vilfredo Paretto was studying
wealth and income distribution patterns in England. He discovered
there was an unequal distribution. To test his findings, Paretto
looked at wealth & income distribution patterns over hundreds
of years and dozens of countries. His findings remained consistent.
Paretto
tried to test his formulas in other areas such as productivity,
sales and profitability. Sure enough, the formula always held,
that a relatively few people, customers, salespeople, products
and activities account for the majority of results a country,
company or person is able to achieve.
What
The 80/20 Rule Means To You...
Today we
all know Parettos Principle as the 80/20 Rule.
In almost
any arena you study, you will find that about 80% of the results
you or your company achieve derive from only about 20% of the
activities. Its not always exactly 80/20, but there are
always a disproportionate number of activities that result in
the majority of your accomplishments.
Why am
I talking about an Italian Economist from more than 100 years
ago?
Because
his principle can help you achieve more results with less work.
If you invest the time to identify your 20% and properly delegate
the rest you will soon find yourself with a lot of free time
on your hands to invest in more Rainmaking so you can have more
and better clients to choose from, thereby reducing your stress,
reducing your firms accounts receivable problems, and
make the practice of law fun again!
Well, Ill
tell you that in practice, most solo practitioners and lawyers
with limited support staff never achieve that kind of theoretical
perfection. But you can come close enough to experience huge
improvements, so lets give it a try...
List
All Of The Things You Actually Do
Start off
by listing all of the things you actually do in your personal
and professional life in any given week. Include everything
from the mundane like eating & driving to work. . . to the
things that you do for work like going to court, drafting documents
& research. . .to the things that are truly important in
your life, like time invested with family & friends, your
health, etc.
Then, divide
the list into two broad categories. The first list will include
all those activities which could conceivably be done by someone
else; for example someone else could conceivably appear in court
for you, drive you to work and play catch with your kids. Youll
find this first list will be much larger than the second for
the things that only you can do for yourself like eating, sleeping
or exercising (dont I wish!)
For all
the activities on your could be done by someone else
list, write out next to each item, all the skills someone would
need to possess & the level of trust they would have to
demonstrate before you would feel comfortable delegating the
activity to them.
For each
activity on your Only I can do this list, answer
these two questions:
1. Whats
the worst thing that could happen?
2. Is
it more important to get it done perfectly or that you concentrate
on your 20%?
If you find
yourself saying But I can Do it Better Myself!,
ask yourself, Whose to say you can do it better?
Maybe your way is just different?
And another
thing: So What!?! Is this a task that really has to be done
100% perfect, or is it more important to just get it done?
Warning:
You Now Know Enough To Be Dangerous
If everything
youve read to now makes sense, and you are beginning to
be able to see a path out of the morass that will take you to
a place where your productivity soars with increase time &
energy available for your 20%, I need to warn you: Youre
in dangerous waters!
Just because
you understand the value of delegating non-essential tasks does
not mean you are ready to do so, either responsibly of emotionally.
First you must train your staff & allow them to demonstrate
reliable proficiency. Repeat: I am not advocating that you
just dump everything on your secretarys desk, walk away
and call it delegating!
---------------------------------------------------------------------------------------------
RJon
Robins - acclaimed author, lawyer and law practice management
consultant - has a challenge for you:
If
your law office looks like a GHOST TOWN, and if you're absolutely
going insane trying to figure out how to bill enough
hours to stay above water, then go to HowToMakeItRain.com
right now to discover a whole new world of doing
business as a solo lawyer.
It's
time to start working smarter - not harder. It's time to make
it rain. Make
this year your year...
---------------------------------------------------------------------------------------------
If
you're sick of watching your profits getting squashed
by unpaid bills, annoying A/R issues and bad clients overall,
then you need to know that...
"You're
Only Three TINY Changes Away From Exploding Your Law
Firm's Profits..."
...and
Finally Experiencing the Prestige and Lifestyle of a
Successful Rain-Making Attorney Without Working Any Harder
(Just
Smarter)
Introducing...
Legal
Billing Secrets
"3
Dead-Easy Ways to Eliminate Client-Billing Hassles While
BOOSTING Your Law Firm Profits..."

|
Change
Just ONE Thing About the
Way You Give Estimates to Potential Clients and Watch
Your Income SOAR...
How
Successful Rain-Makers Structure Flat-Fees to Make Clients
Happy While Actually BOOSTING Profits...
One
Super-Simple Payment Strategy That Will Make Your Life
Easier and Totally ELIMINATE The Most Common (and Deadly)
Billing Hassle of All Time...
|
Simply sign up for our periodic newsletter, and we will immediately
deliver this free report to your email address:
We
Respect Your Privacy. Your contact info will be kept private,
and we will never share, sell or rent
your info to anyone. You can unsubscribe easily, at any time.
This is an aweber.com regulated announcement list.
More
Details on This Ebook >>
|