Welcome back to Candid Convos! Our show where amazing business leaders share their valuable insights and experiences with our host, Joe Bravo (GSU’s Senior Community Coordinator). This special episode sees the return of mighty profit master, Moshe Amsel, host of the Profit with Law Podcast and the Law Firm Growth Summit. Join us as our host, Joe, and Moshe share a candid talk regarding how profitability needs to be an absolute priority for any business owner who wants to stand out in today’s fierce competition.
Profitability Vision
Moshe starts sharing how he was able to penetrate the law market, despite his upbringing as an accountant. People tend to incorrectly believe that to be a law firm business owner you need to always be a lawyer. He was able to see an opportunity after realizing how many events were only focused on the practice area of law and not on the business itself. When a lawyer or any professional starts to think and acts as a business owner, that’s when true growth starts.
Capacity to Deliver Extraordinary Service
Moshe states how staffing is the key to truly becoming a next-level business, with actual live calculations that confirm the profitability of a great virtual assistant. Sharing his law firm’s growth formula of success, Moshe emphasizes the importance of the planning stage of any business. First understand your capacity to deliver, then look at expansion options, doing it the wrong way will cost you a lot of money and time.
Nurturing your team becomes crucial as well, offshore and in-house employees are humans, which means you need to treat them all as a whole unit. If your remote staff feels alienated from the rest of your company the efforts will not be very productive. Each assistant knows they have a role and duties to perform that HELP you and your business grow. A great hybrid or full virtual working environment is entirely possible with the proper communication and workflows.
Impact to Provide = Team Capabilities
Moshe talks about the volume of impact and reach that your business can have. You need to ask yourself, how much can you do with the skills, tools, and talent you currently have? Understanding that possibilities will increase as the team behind you increases as well. A great leader will be able to achieve a “genius zone” when proper growth and scaling are mixed.
In conclusion, your leadership needs to be the guiding sail in your company’s ship, your crew needs to be talented, committed, and responsible. The stronger your team is, the greater the goals to conquer will be. Taking a business owner’s perspective of your law firm is the first step, and if you already possess it, then, what are you waiting for? Reach out to us if you need amazing offshore talent and please contact our amazing guest Moshe Amsel through his social media channels.
