Cold Hard Truths about Owning a Law Firm

You may or may not know this already, but there are a lot of misconceptions that people have about owning a law firm as a business rather than just doing well in your practice. There is a lot that goes into lawyering and there is a lot that goes into owning a law firm. The lawyering part you know already, but owning a law firm and knowing the cold hard truths of what it really takes to be successful is a whole new realm with which you may be unfamiliar. Lots of people will give you advice, most likely leaving out the cold harsh truths, but not me. In this episode, I want to talk about the cold hard truths of being the owner of a law firm and the journey of transcending the business to becoming the CEO of the business.  In this episode, I’ll discuss: Four hard, cold truths about owning a law firm How broke is a state of being, more than it is a reality Why you can’t save your way out of being “broke” The positive results of evolving your thinking and your patterns Why you can’t punish your employees that are screwing up The mindset of the employee versus the entrepreneur versus the CEO Why you can’t expect the mediocre to evolve into rock stars The value of using an assessment when hiring A common tie between lawyering and self-esteem How committing to being the CEO will mean having to redefine yourself Balancing the energy of being a manager and the energy of being a leader Leadership versus management