EPISODE · Mar 14, 2023 · 33 MIN
Should Your New Hire Bring Their Own Leads?
from Maximum Lawyer · host Tyson Mutrux
When you reach that point in your business that you are ready to hire an associate — How do you make that decision? How do you make sure the payment is there? How can you make the process smooth? What if you are worried about what you will do with your time after to make your hire? What will you do if you are not sure if you have full time work guaranteed? Do you ask your new hire to bring in new leads of their own? This is what Jim and Tyson talk about and coach Jeremy through as he troubleshoots the next steps that he needs to take in his business as he scales up the work to more than he can handle, and hires an associate. Listen in to Jeremy, Jim and Tyson as they walk through how Jeremy can avoid mistakes of the past, where 80% of his work was reliant on one client referral, and what Jeremy and his firm do now to make sure that his sources are well diversified and ready for his new hire. 01:39 Meet Jeremy and his law firm that he started in 2015 and a reset in 2019 05:16 How did Jeremy get 20 referral sources?06:31 Advice for people to ask for referrals?09:01 Topic of the day - What is the right way to bring on and pay an associate? And the reality of owning a business 13:28 Where does the fear of not hiring come from?15:25 Using Profit First in your business17:00 Should I expect an associate to bring leads of their own?! What associates want - and what you need to do … 20:03 The first cycle of hiring and the fear that comes with it 22:47 Subconsciously allowing our own capacity, to limit our business development activities 27:00 Having incentives for your employees to work for you …28:30 Start making “finding clients” a part of your week right now even before the associate is hiredJim Hack: Read the book: The Third DoorJermey’s Tip: The Guild - Read the book: The Power of One More Tyson’s Tip: For law firm owners that want to build a culture of learning - start a non-fiction book club like: Becoming Bulletproof 🎧Tune in to today’s episode and checkout the full show notes here🎥 Watch the full video on YouTubeConnect with Jeremy:WebsiteInstagramFacebook LinkedinResources:Join the Guild MembershipMeet us in Austin, TX! The ZAPATHON Automation Workshop featuring Kelsey Bratcher! Become a member to purchase your ticket.Subscribe to the Maximum Lawyer Youtube ChannelFollow us on InstagramJoin the Facebook GroupFollow the Facebook PageFollow us on LinkedIn Resources:Join the Guild MembershipSubscribe to the Maximum Lawyer Youtube ChannelFollow us on InstagramJoin the Facebook GroupFollow the Facebook PageFollow us on LinkedIn
What this episode covers
When you reach that point in your business that you are ready to hire an associate — How do you make that decision? How do you make sure the payment is there? How can you make the process smooth? What if you are worried about what you will do with your time after to make your hire? What will you do if you are not sure if you have full time work guaranteed? Do you ask your new hire to bring in new leads of their own? This is what Jim and Tyson talk about and coach Jeremy through as he troubleshoots the next steps that he needs to take in his business as he scales up the work to more than he can handle, and hires an associate. Listen in to Jeremy, Jim and Tyson as they walk through how Jeremy can avoid mistakes of the past, where 80% of his work was reliant on one client referral, and what Jeremy and his firm do now to make sure that his sources are well diversified and ready for his new hire. 01:39 Meet Jeremy and his law firm that he started in 2015 and a reset in 2019 05:16 How did Jeremy get 20 referral sources?06:31 Advice for people to ask for referrals?09:01 Topic of the day - What is the right way to bring on and pay an associate? And the reality of owning a business 13:28 Where does the fear of not hiring come from?15:25 Using Profit First in your business17:00 Should I expect an associate to bring leads of their own?! What associates want - and what you need to do … 20:03 The first cycle of hiring and the fear that comes with it 22:47 Subconsciously allowing our own capacity, to limit our business development activities 27:00 Having incentives for your employees to work for you …28:30 Start making “finding clients” a part of your week right now even before the associate is hiredJim Hack: Read the book: The Third DoorJermey’s Tip: The Guild - Read the book: The Power of One More Tyson’s Tip: For law firm owners that want to build a culture of learning - start a non-fiction book club like: Becoming Bulletproof 🎧Tune in to today’s episode and checkout the full show notes here🎥 Watch the full video on YouTubeConnect with Jeremy:WebsiteInstagramFacebook LinkedinResources:Join the Guild MembershipMeet us in Austin, TX! The ZAPATHON Automation Workshop featuring Kelsey Bratcher! Become a member to purchase your ticket.Subscribe to the Maximum Lawyer Youtube ChannelFollow us on InstagramJoin the Facebook GroupFollow the Facebook PageFollow us on LinkedIn Resources:Join the Guild MembershipSubscribe to the Maximum Lawyer Youtube ChannelFollow us on InstagramJoin the Facebook GroupFollow the Facebook PageFollow us on LinkedIn
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Should Your New Hire Bring Their Own Leads?
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