As a native Californian, I grew up learning how to deal with the natural disasters that could strike our beautiful state. Whether it was earthquakes, floods, landslides, wildfires, or even droughts, we were taught to be prepared for anything that could disrupt our daily lives. Having lived through all of these disasters, I still find myself numbed by the images of devastation currently unfolding in Southern California. The mass destruction caused by Mother Nature is sobering, to say the least.
Moments like these give us pause to reflect on recovery. The first thing that comes to mind is the importance of community. Recovering from such calamities is nearly impossible to do alone. Relying on others for support becomes essential, reminding us that a strong community can make the difference between despair and hope. Business is no different when it comes to facing its own "natural disasters." We've already endured a global pandemic, market collapses, and skyrocketing inflation. Without a strong community to lean on, navigating these challenges becomes significantly harder. Last night, as I watched the San Francisco 49ers lose to the Detroit Lions in a game they could have easily won, I couldn’t help but reflect on a glaring truth: success requires showing up in all four quarters—not just three. Their inability to close games has been a frustrating reality of their 6-10 season, and it’s a brutal reminder for all of us who aim to excel in our fields.
Business development is no different. It’s a relentless rollercoaster of highs and lows. We set ambitious goals, but when they fall short, discouragement sets in. That discouragement breeds inertia, which leads to missed opportunities and a dangerous retreat into old, ineffective habits. So, how do you avoid the slow slide into mediocrity? During the pandemic, I had a coaching session with a group of law firm partners who were feeling overwhelmed. As new work kept pouring in, they struggled to find enough support from their associates to meet client demands. Many associates felt underappreciated and overworked, leading to a significant shift toward in-house opportunities. This exodus created a cycle: longer hours for the partners, higher client bills, and a work pace that was pushing both partners and the remaining associates to the brink of burnout.
This issue was bittersweet for many firms I spoke with during that time. While the partners enjoyed the short-term profits, they were paying a long-term price. Our conversation shifted from “How can we attract more clients?” to “How can we better support and grow our internal team?” What followed was an incredibly productive brainstorming session. We uncovered a number of practical, yet often overlooked, strategies, alongside creative ideas that could not only boost the team’s productivity but also retain valuable talent. At the heart of the discussion were two key concepts: acknowledgment and inclusion. My wife and I returned from a recent visit to Northern Spain with a new respect for the work pace most businesses take out there. It’s called the siesta. A word we all know, however most of us rarely exercise. How can we with the demands of work and family? Well, many Europeans figured it out and they still have thriving businesses.
I am not suggesting that we start blocking off our calendars during the work week from Noon – 2 p.m. to take a nap every day, although it sure would be nice at times. What I am encouraging is for those who feel like they are barely keeping their head above water and batteries properly charged, to take small breaks whenever possible to clear the mind and keep the blood flowing. Today (Halloween) is the only day of the year where most people embrace fear. Haunted houses, scary costumes, and creepy chimes are celebrated by kids and adults. The rest of the year, many people live in fear but a different kind of fear.
Fear of failure. Fear of rejection. Fear of leadership change. Fear of (fill in the blank). Suffice it to say, fear can be a debilitating state of mind that stunts forward progress, and overall happiness. How is it that fear has become one of the leading causes of anxiety, depression, and anger? Is it the media? Social upbringing. One’s DNA? Whatever the reason, it is important to be cognizant of the fact that we can take fear head on and do something about it. I recently spoke with a client, Alexandra, who is a tax partner at a large international law firm. Alexandra shared with me an interesting challenge at work. One of her clients asked for help related to an IP matter. Alexandra graciously offered to help by finding someone at her firm in their IP group. One of the advantages of working at a large firm. The challenge for her became finding someone. She didn’t have any relationships with her IP colleagues which made the task of finding someone much more arduous and time-consuming.
After a day and half of searching for the right colleague, she eventually found someone who could help. Alexandra scored bonus points in helping her client, yet it was at a cost – several nonbillable hours trying to track someone down. If she had established a relationship with someone in the IP group in advance, she would have saved time and frustration during her search. It could have been as easy as one email or phone call. My former brother-in-law, Lewis, may he rest in peace, was a huge influence on me during his time with us. Lewis was a talented artist whose creativity shined through his artwork. In one of his canvas pieces, he allowed me to add to it in the final stages. I suggested we add a coral figure since the painting reminded me of an underwater scene. Lewis added it and it looked horrible. I was mortified. I thought we ruined an amazing piece of art. Lewis confidently said to me, “don’t worry Doug, we can easily change it.” He worked his magic with the paint brush and blended the coral figure into the piece where you could barely tell we added it in the first place. He then said to me “if you don’t like the way something looks, you can change it.” It was an aha moment for me because his words resonated with me in so many aspects of life. We often dwell on things that are not working out for us, but don’t do anything to change it. When we finally make the change, we realize that it wasn’t that hard to do after all. Photo by Craig Adderley I often reflect on the daily grind and wonder how we get through it. The stresses of work and family alone can drive one to the funny farm. Why do we do this to ourselves? We can come up with plenty of reasons, but we still need to keep our lives in check before it is too late.
A good friend of mine just told me about one of his friends who passed away last weekend by slipping off an infinity pool and breaking his neck. He was 38 years old. Another close friend of mine decided to take a weeklong vacation to enjoy a break from his stressful work schedule only to have his vacation plans blow up on his first day. His accommodations fell through upon arrival. He had to scramble to find new accommodations while keeping his pregnant wife and 7-year old daughter happy on day 1 of a much anticipated weeklong vacation. Stressors can hit us from all angles. Kids act like kids when we want them to act like adults. Clients act like kids when we want them to act like adults. Even spouses act like kids when we want them to act like adults. Whatever the situation, they can pile up to the point where our blood pressure goes up to unhealthy levels, sleep deprivation sets in, our overall health gets neglected, and our quality of life suffers for an inordinate amount of time. This state of being can take years off of our lives if we don't do something about it. Photo by Sora Shimazaki I met with a fellow consultant this week over Zoom who often operates as a fractional Chief Listening Officer for his clients. This is a C-Suite title I have never heard of, yet I love it!
His clients, primarily law firms, hire him to meet with their clients to gather feedback on how the firm is doing. He meets with them in person, asks a lot of questions, and listens. He doesn’t try to defend the firm nor give excuses for any issues the client raises. He simply listens and brings the feedback back to the firm. Clean, unfiltered feedback. The firm can then decide how they want to respond. If it is negative feedback, they can discuss with the client how they can proactively make it right. If it is positive feedback, they can praise their colleagues associated with the work and discuss how they can continue this track with all their clients. As my wife and I are planning our 2-week trip to Spain this Fall, I regret not taking my high school Spanish teacher, Senior Gomez, more seriously when I was in his class. I often grew impatient and never bothered to practice what we learned. At the time, I didn’t appreciate how much learning a second language could help me today, especially Spanish in California.
For business professionals who are skilled at their craft, learning a “second language” such as business development could be immensely beneficial if they bothered to learn it and practice it. Yet like how I was in high school, if it didn’t produce immediate benefits, what was the point? In today’s competitive market, professional services firms are now realizing how important it is for all their client-facing professionals to be proficient at business development. They are allocating more of the annual budget to BD training and coaching. Some are hiring internal trainers and coaches while others bring in external trainers and coaches. Leadership sees the benefit, but do all the practitioners? Sadly, no. |
Archives
December 2024
Categories |