Supporting Law Firms Owners to Increase Profits by £50,000 in 6 Months, Transform their Firms into Highly Profitable & Valuable Businesses, & Prepare for Succession/ Exit using the P.R.O.F.I.T System.
Do you believe the demand for your services are affected by external factors that you can’t control? Do you think this negatively impacts your revenue and profits? Think again…. I was a with a successful client in London yesterday and he said something I hear from a lot of lawyers: “We can’t affect the demand that is out there, we just have to respond”. This is both right and both wrong and here’s why. ✅ Right because war global recessions, pandemics, etc are going to happen and are likely to impact demand for certain services. ❌ Wrong because for the vast majority of businesses this won’t have a major impact on their revenues because they are only serving a small section of the market … AND … you can easily be better at marketing than your competitors to attract a larger percentage of the market. ➡️ You can grow your business in a shrinking market. #marketing #profits #lawfirm
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8mol agree with you that for many SMEs they are more in control of their success than perhaps they think they are. As you said, their market share is too small to be impacted by external factors. However, you have to be consistently marketing because as soon as you stop you can pretty much guarantee a hole in your pipeline down the road.