A Business Advice Strategy for Legal Businesses Seeking New Business Growth

October 8, 2013 |  by  |  Linkedin Blog

The UK legal profession is sailing through a period of significant upheaval and change.

New business growth is top of the agenda for law firms & lawyers and solicitors wanting to learn how to run business, & how to achieve new business growth for their legal businesses.

A business advice strategy recommended by the Law Guru is to seek outsourced company help to identify your new business competitors & their sales & marketing modus operandi.

BoardroomIt is fundamental for all contemporary law firms & lawyers and solicitors seeking new business growth to adopt a well designed strategic business growth plan. This plan must incorporate proactive sales and marketing strategies to propel your new business growth beyond that of your business competitors.

Legal businesses that don’t have in-house trained and qualified sales and marketing staff require outside company help in how to run business specifically seeking new business growth. Failure to receive advice and business support to address your basic help problems, will inevitably result in the failure of your law firm.

A business advice tip is that your business competitors will be monitoring your progress like business predators. Any legal businesses in trouble, makes for easy pickings.

A Business Advice Strategy For Legal Businesses Seeking New Business Growth #1

Take two paces back to take one positive step forward.

Running any of the UK law firms is a notoriously difficult endeavour. As such you are very likely to be too close to your business to really see if it is developing fast enough by grabbing a market share of new business growth. The Law Guru recommends if you really want to know how to run business successfully, then you need advice and business company help from a specialist who’s client base consists only of law firms.

If you study your market, you will quickly ascertain that most of your successful business competitors will be outsourcing their sales and marketing sectors.

A Business Advice Strategy For Legal Businesses Seeking New Business Growth #2

Identify Complimentary Income Generation Streams.

The Law Guru advises that one of the best business advice strategies for how to run business in a long term sustainable fashion is to identify complimentary income generation streams. When studying business competitors of law firms you will identify several strategies in play to achieve their company growth.

Many law firms business competitors have already received company help and advice and business support to identify and implement these complimentary revenue streams.

A Business Advice Strategy For Legal Businesses Seeking New Business Growth #3

Plan Your New Business Growth.

The Law Guru suggests that love it, or hate it, planning plays a major role in how to run business successfully. Although the old legal business advice phrase of, “fail to plan – plan to fail” is often cited as a cliché. In terms of company help and advice and business support it is very relevant.

Business competitors of all major law firms know this phrase is critical to any business growth and expansion plan.

Compiling a robust strategic business growth plan is a fantastic foundation for the overall long term sustainable growth of your law firm. This plan will identify your current strengths, weaknesses and any potential business opportunities which can lead to complimentary income generation streams.

A Business Advice Strategy For Legal Businesses Seeking New Business Growth #4

Brand Building Awareness And Recognition

To achieve new business growth, you have to target existing customers, and a broad spectrum of new business clients and customers. The days of spending millions of pounds to build and raise your business brand are thankfully well behind us.

The advent of the Internet and e-commerce trade enables the most savvy lawyers and solicitors to build and promote their corporate brand in a cost effective and timely manner online. The Law Guru advises by adopting this methodology, new or small law firms are able to rise above their business competitors in brand awareness stakes.

Company help for lawyers and solicitors in how to run business online branding campaigns should be available to you from your outsourced sales and marketing company.

A Business Advice Strategy For Legal Businesses Seeking New Business Growth #5

Attack Where Your Enemy Is Weakest

Sun Tzu was a Chinese military strategist who firmly believed you should always attack where your enemy is weakest. Of course when I talk about business enemies, I am referring to your business competitors. Lawyers and solicitors should know the real secret to how to how to run business successfully, is through effective leadership. All successful leaders have recognised the strategy of attacking their competitors where they are weakest.

In relation to law firms, and where their business competitors are weakest, it is often in the area of their world wide web and e-commerce presence that they are the weakest. The Internet has been described as the silent revolution. Internet use has crept upon us during the last nineteen years and e-commerce during the last sixteen years.

The Law Guru advises the Internet and e-commerce are still in their infancy, and this leads many law firms into a state of complacency. This in turn leads to procrastination. Internet e-commerce offers all Lawyers and solicitor and law firms an excellent complimentary source of additional income generation.

Summary:

The UK legal profession is sailing through a period of significant upheaval and change. New business growth is top of the agenda for law firms & lawyers and solicitors wanting to learn how to run business, & how to achieve new business growth for their legal businesses. A business advice strategy recommended by the Law Guru is to seek outsourced company help to identify your new business competitors & their sales & marketing modus operandi.

Dr. Mark D. Yates

Dr. Mark D. Yates is a global #1 LinkedIn consultancy business growth specialist, LinkedIn speaker, LinkedIn Sign & LinkedIn training instructor & CEO of Link Business Marketing Ltd. If you need to hire a LinkedIn expert to help you gain profitable business growth, contact him. Tel: UK 0203 390 2013 Email: drmarkdyates@aol.com, connect with him on LinkedIn & Twitter You can view & download his dynamic independent LinkedIn training program at: linkedinswat.co.uk.

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