Latest / Wealthy Woman Lawyer Podcast, Helping you create a profitable, sustainable law firm you love / 3 Reasons Why Now May NOT Be the Time to Hire a Coach (And 3 Reasons There’s No Time Like the Present)

Transcript

3 Reasons Why Now May NOT Be the Time to Hire a Coach (And 3 Reasons There’s No Time Like the Present) · Wealthy Woman Lawyer Podcast, Helping you create a profitable, sustainable law firm you love

• 0:00
  …Hi everyone And welcome back to the wealthy woven lawyer podcast I'm your host Vina Frederick
• 0:05
  , and today's topic is three reasons why now may not be the time.
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  To hire a business coach for your law practice.
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  And three reasons why there's no time like the present.
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  So listen up because if you fall into the first three categories now may not be the time for you to hire.
• 0:24
  A coach for your law firm. And I'm going to share three reasons Why if, if.
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  You fall in line with these three reasons that you want to go
• 0:32
  ahead and take action on hiring a business coach for your law firm.
• 0:36
  Okay so let's kick it off with the three ways. The three reasons why now may not be a time.
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  Alright number one. If you are expecting your coach.
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  I coach you hire to be a fairy godmother and wave a
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  magic wand to fix everything in your business overnight.
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  Then now may not be the time for you to hire a coach.
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  Coaches are more like Sherpas than fairy godmothers And it's important that you understand this.
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  Our job is to guide you over and around
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  and through obstacles Sometimes they're external obstacles.
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  Like I don't know how what case management software to use.
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  And sometimes there are internal obstacles like limiting beliefs that we have that are keeping
• 1:22
  us from doing what is necessary to have a successful business.
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  These are obstacles that we know as coaches who have helped many other law firm owners that
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  you've done this ourselves that you're going to encounter.
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  Because we've been there and we've overcome them. And they're
• 1:39
  obstacles that you may not even realize you're going to encounter.
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  So. Think of it as a Sherpa.
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  Guiding experienced climbers up Mount Everest right?
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  You have to have guides to help you.
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  You don't have to you can do it yourself and not have guides to help you Let me be clear on that.
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  You can work in your law firm business Can. to grow it and do what you
• 2:03
  need to do and never hire a coach There are certainly people out there who do that.
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  The advantage of having a coach. Is that we.
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  Have already made a lot of the mistakes that you can avoid making if you hire us So we really
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  are here to help you take the shortcuts so that you can get to where you want to go faster.
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  But we are not fairy godmothers I wish that we were all right
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  Number two if you have not thought about how you will pay.
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  For a coach's services and prepared accordingly.
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  Then now is not the time. Some people want to know all the shortcuts.
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  To get to a million dollars quickly, but they are unwilling to put skin in the game themselves.
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  They want to DIY everything. They don't want to pay for expert help.
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  You know who these people are as an attorney you've had clients like this you had clients who've
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  called you and said Hey, can you just tell me what do and I'll go do it I don't want to pay you to do it right.
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  If you are in that mindset and you haven't thought about, I
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  need to, I'm going to have to pay for this coach's services I better go figure out.
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  Kind of get a good idea of how much coaching services cost.
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  And be prepared so that when I meet the coach, And I'm
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  ready that I have a game plan for paying them.
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  All right So these kinds of people who aren't prepared, they
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  want the coach to take all the risks on their business.
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  But they are not willing to take the risk themselves. They don't
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  research the cost of coaching They don't set up business credit to cover it.
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  They don't allocate other resources from their business to cover it.
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  There are many group coaching services for attorneys where the investment
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  ranges from a few hundred dollars or a few hundred dollars a month.
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  To a few thousand dollars. Private coaching.
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  Where you have more one-on-one access to the coach can range from five figure Invest.
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  to multiple six figures. I know one coach who
• 4:06
  charges $150,000 a year to work with him.
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  So. Uh, most coaches are more in the sort of low to mid six figure range I mean
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  five figure range, but it depends on the coach.
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  And the level of access you have to that code. So go and do your research So you are prepared
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  and you understand what type of coaching you need.
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  And you're prepared financially when it's time to make the investment.
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  If you have not done those things you have not thought that through You're not willing to put it
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  on a credit card when you're willing to put a lot of other things on credit cards but you're not
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  willing to put an investment in your business on a credit card Then you really
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  need to sit and think about whether or not this is right for you.
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  Number three if you are only mildly interested in coaching.
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  So your curate your coat What I call a coaching Curious.
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  But you're not willing to invest your time to follow the coaches recommendations.
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  So all the invite. in the world will not help you if you think you're smarter than the average bear.
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  And you're not going to follow a coach's recommendations because you know you rebel against anybody telling you what to do.
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  Which a good coach will never tell you what to do They're going to make recommendations as
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  gestures and they expect you to be an adult and make decisions for yourself Right.
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  All the advice in the world will not help you unless you're willing to take action on the coaches recommendations.
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  You may. You must be open-minded about how to find the time for coaching.
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  And trust that if other people have done it successfully you can too.
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  If you feel you're too busy for coaching.
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  It's likely because you need help with prioritizing your time in a more effective manner.
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  And a good coach That's one of the first things that a good coach is going to help you do is reprioritize your time.
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  So you can make time in your schedule every week to work on your business, not just in your
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  business head down all the time, not ever making anything better about your.
• 6:02
  Okay So those are three reasons why.
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  Now will not be a good time for you If you haven't considered these three reasons and thought
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  that through now I'm going to give you three reasons why there's no time like the present to
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  hire a coach…Number one, if you're working your butt off.
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  But you still don't seem to be able to make the kind of money you believe
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  you should be making and truly deserve to be making.
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  So if you're tired of under earning when you're working your butt off, it's past time for you
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  to hire a coach so we can help you break out of that hamster wheel cycle.
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  For a small investment you can enjoy significant financial returns for years to come.
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  That's what a lot of people don't realize is when you invest in a year of coaching
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  or six months of coaching, What you get out of that?
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  Pays dividends over and over and over again because you're going to fill a knowledge gap.
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  That you currently have There's something that you currently don't know, cannot know do not understand.
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  About running a business that is keeping you stuck in this cycle.
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  And if you make a small investment to get a coach to be help you work on that, sometimes it's
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  mindset Sometimes it's systems Sometimes it's other things.
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  But you will that will pay dividends for years to come in your
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  business It's not just going to be the return you get this year on that investment.
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  It's going to be the return you get year after year after year on your, on your investment.
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  Number two. Now is the perfect time for you to hire a coach.
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  If you feel like you're working all the time and you feel exhausted.
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  Overwhelmed and frustrated because your business doesn't seem to be working for you.
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  You're making good money, but at the cost of your mental emotional or
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  physical health, Uh coach who has been there done that.
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  Can help you. Okay. And here's a warning.
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  If your health is suffering because of your business. You are working on borrowed time My friend.
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  You are going to burn out if you have already burned out you are headed there.
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  You must take action ASAP to change this situation.
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  A coach who understands that can help you Uh
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  , stop this before it is too late and you have burned yourself out.
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  And caused a real problem. Number three, if you know there must be a better way.
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  You've tried to cobble together solutions from posts from your favorite attorney social media group.
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  But it's still not working the way that you envisioned.
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  So your, your law firm still isn't working the way you envision where you're making plenty of
• 8:35
  money and you have plenty of time to enjoy the money you're making.
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  Now as the time to stop expecting custom results
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  from generic comments made in on social media.
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  Or the recommendations of colleagues or friends or just Facebook friends that you've never met.
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  And you don't know anything about their life or their circumstances.
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  They're recommending something that's worked for them but you don't know if it's gonna work for you.
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  That's where it's time. start stepping into coaching and investing in your business and stop
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  trying to get all the answers from free.
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  From free post and comments that may or may not be suitable to your situation.
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  So if you're considering hiring a business coach for your law firm, I invite you to check out
• 9:19
  wealthy woman lawyer at www wealthy woman lawyer league.
• 9:23
  Or to schedule an appointment to speak directly with me by visiting wealthy woman lawyer.com.
• 9:28
  Slash private dash coaching. The wealthy woman lawyer league is ideal.
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  For women law firm owners who were climbing the six-figure ladder.
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  So whether you're just starting out or you've crossed over the six figure mark you're making a
• 9:43
  hundred thousand $200,250 $250,000 and you're working your way up toward that half
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  million dollar goal K which is at first kind of big mile Marker.
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  350 $400,500,000 Right.
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  The, the wealthy woman league woman lawyer league is ideal for those.
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  women law firm owners. Private coaching is much better suited for women law firm owners.
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  Who've already achieved mid to high six figures So you're already at the 400 500.
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  $600,000 or more, and you're struggling to get over that elusive seven figure mark You're trying to figure out.
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  What do six figure law firm owners do.
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  Eh that's different and what's different that seven figure law
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  firm owners do them What Six figure law firm owners too Okay.
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  That's what private coaching is better suited for. So I have had
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  clients I have clients in both categories some of the wealth woman lawyer Lee.
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  And several in private coaching. I hope you found today's show helpful.
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  And making a decision about whether or not it's time for you to hire a coach kind of quit.
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  Uh sitting there vacillating and getting caught up in analysis paralysis trying to…
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  foresee and predict all possible outcomes
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  before you make an investment and trust yourself.
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  In. That decision that you're making.
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  I hope you found it helpful and I'm excited for you and all
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  of the possibilities for your law firm growth in the coming years.
• 11:12
  Thanks so much for being here and I'll talk to you soon…