The Value of the 80/20 Principle in Your Law Firm with Ernie Svenson (Part 1)

As a law firm owner, your have limited resources that need to be managed wisely. If you want to optimize your business to be more bulletproof and more flexible without incurring more costs, you need to get clear on exactly what you need to automate or outsource. But unfortunately, a lot of this work gets put on the back burner for many lawyers.

To get massive returns on your investments, you need to apply the 80/20 rule to your law firm. Someone who has dug deep into this concept as it relates to the practice of law is Ernie Svenson, a.k.a Ernie the Attorney, and he’s here this week to explore the concepts and tools that will help you optimize your business.

Tune in for part one of Melissa’s conversation with Ernie. Ernie is sharing how the 80/20 principle applies to your law firm, how he has used this rule to get massive returns on his investments, and his research on the tools that do the heavy lifting of optimization, automation, and outsourcing for you.

If you’re a law firm owner, Mastery Group is the way for you to work with Melissa. This program consists of quarterly strategic planning facilitated with guidance and community every step of the way. Enrollment will be opening soon, so join the waitlist right now to grab one of the limited seats!

What You’ll Discover:

• What the 80/20 rule entails, and why Ernie has been focusing on it lately.

• The two big opportunities we have to use the 80/20 rule in our law firms.

• Why generating momentum with the 80/20 rule is the hardest part.

• The value of figuring out what you want to optimize, automate, and outsource for your firm.

• Why you don’t need to be competent in all areas of your business as a leader.

• What constantly evaluating procedures and processes looks like in Ernie’s world.

• How Ernie captures and documents his ideas on the fly.

Featured on the Show:

• Create space, mindset, and concrete plans for growth. Start here: Velocity Work Monday Map.

• Join Mastery Group

• Ernie Svenson: Website | Podcast | Newsletter

• Check out Ernie’s Inner Circle!

• Tim Ferriss

• The 80/20 Rule Explained and Updated by Richard Koch

• Good to Great by Jim Collins

• Zapier

• Fiverr

• Airtable

• David Sparks

• Category Pirates

• The Art and Business of Online Writing by Nicolas Cole

• Ship 30 for 30

• The 22 Immutable Laws of Marketing by Al Ries and Jack Trout

• Substack

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