Making Decisions When Resources Are Scarce

What could you accomplish if there were no limits? As lawyers we tend to be grounded in reality, which can actually limit what we can achieve in our practice and in our lives. Today I want to show you how a different thought framework will allow you to make decisions which can help you achieve growth in any economic climate.  In this episode we discuss: Having a fixed mindset versus a growth mindset. What is the scarcity mindset and why is it toxic? Changing the power of a feeling through thought work. A framework for using your desire to materialize what you want: What is it that you want? Do you believe you can have it now? Do you believe that you can have it more than you believe you may fail? Do you believe that if you fail, you’ll recover better off than if you had not tried? How failures can set you free and make you better off. Contact Info: To contact Allison: Website – https://lawfirmmentor.net/ Facebook – https://facebook.com/LawFirmMentor Instagram – https://instagram.com/Law_Firm_Mentor  Twitter – https://twitter.com/Law_Firm_Mentor  Email – [email protected]  Bio: About Allison: Allison C. Williams, Esq., is The Law Firm Mentor.  Law Firm Mentor is a Business Coaching service for solo and small law firm attorneys.  It helps lawyers to grow their revenues, crush chaos in business and make more money.  Law Firm Mentor was born out of Allison’s experience starting a law firm and scaling its revenues into a multi-million dollar business in only three years.  She shares her extensive knowledge of business, mindset coaching and entrepreneurship alongside her team in Law Firm Mentor. Allison is also Founder and Owner of the Williams Law Group, LLC, with offices in Short Hills and Freehold, New Jersey.  She is a Fellow of the American Academy of Matrimonial Lawyers, is Certified by the Supreme Court of New Jersey as a Matrimonial Law Attorney, and is the first attorney in New Jersey to become Board-Certified by the National Board of Trial Advocacy in the field of Family Law. Allison is a member of the New Jersey Board on Attorney Certification (NJBAC) – Matrimonial Committee, a New Jersey Supreme Court committee that determines eligibility of candidates to be certified as a recognized practitioner in the field of matrimonial law. Allison has been named a Rising Star Attorney by the New Jersey Super Lawyers franchise continuously from 2008 – 2013, and has been named a Super Lawyer by that organization for 2014 – present. In 2016, she was featured in the Super Lawyers publication (Williams v. The Rubber Stamp), she has been named one of the Top 50 Women Super Lawyers in New Jersey from 2017-2020 and in 2019-2020, was voted in the Top 100 Super Lawyers and Top 50 Women Super Lawyers in the State of New Jersey. Allison is an accomplished businesswoman. In 2017, the Williams Law Group won the LawFirm500 award, ranking 14th of the fastest growing law firms in the nation, as Ms. Williams grew the firm 581% in three years. She won the Silver Stevie Award for Female Entrepreneur of the Year in 2017.  In 2018, Allison was voted as NJBIZ’s Top 50 Women in Business and was designated one of the Top 25 Leading Women Entrepreneurs and Business Owners. In 2019, Allison won the Seminole 100 Award for founding one of the fastest growing companies among graduates of Florida State University. In 2018, Allison created Law Firm Mentor, a business coaching service for lawyers. Through multi-day intensive business retreats, group and one-to-one coaching, and strategic planning sessions, Ms. Williams advises lawyers on all aspects of creating, sustaining and scaling a law firm business – and specifically, she teaches them the core foundational principles of marketing, sales, personnel management, communications and money management in law firms.  She received her B.S., magna cum laude, and her M.S., summa cum laude, from Florida State University. She received her J.D., cum laude, from Syracuse University College of Law. Snip-Its 00:03:11 So a lot of people will believe that they are restricted by their race, their gender, their region of the world, their economic circumstances, their parentage, ancestry, their political beliefs. They'll believe that there is only so much that can be done and they will only achieve up to the height of that possibility. And when you start to hear someone talk about what is not possible, oftentimes it is because they are focusing on the how and not focusing on a framework that we're going to talk about today that's actually going to give you the ability to start to see possibilities where you don't currently see them. 00:12:07 And thought work is a framework for how to look at problem solving, that does not start with the tactic or the strategy. It starts with understanding that your circumstance is what it is. So we have to accept the circumstance. And if we cannot immediately change the circumstance, we have to then think about how we are thinking about our circumstances. Because our thoughts about a circumstance are going to cause us to have a certain feeling. And the power of that feeling is going to dictate what action or inaction we take that will lead to a result. 00:27:00 And thought work is a framework for how to look at problem solving, that does not start with the tactic or the strategy. It starts with understanding that your circumstance is what it is. So we have to accept the circumstance. And if we cannot immediately change the circumstance, we have to then think about how we are thinking about our circumstances. Because our thoughts about a circumstance are going to cause us to have a certain feeling. And the power of that feeling is going to dictate what action or inaction we take that will lead to a result. 00:44:59 But if you don't want to wait 10, 15, 20 years to get to a place where you are happy with the life that you are living after, you are too old to enjoy it. Or frankly, don't have the stage of life where you're able to physically or emotionally or financially enjoy it because you have other priorities, and you want your success today, then it's time to get out of the scarcity mindset so that you can ultimately get yourself to the place that you want.