Every day we make decisions; we choose a path…a course of action. Some are simple and take little thought, such as “What should I wear? What should I have for breakfast? Should I take the train or carpool? Should I grab takeout for dinner or make a quick stop at the grocers on the way home?” Not life-and-death choices, are they?
Unlike these decisions, sometimes we’re faced with heavyweight choices and those are often career and/or life-altering. Thomas J. Stanley, author of the book The Millionaire Mind wrote: “It is only when you exercise your right to choose, that you exercise your right to change.” As you, no doubt, have noted with technology, anything that isn’t consistently changing tends to fall by the wayside. For instance, the iPhone 4 was quickly abandoned when the “new and improved” iPhone 5 was unveiled. The same is true with your practice, and with the economy back on the rise, you must prepare yourself so you are not caught off guard. Below, I have compiled a list of thoughts you may need to consider if you are not quickly adapting to the new economic dynamics and getting ahead of the game:
1. While others are firing up their engines, anyone who is not adapting to the new economy will be left far behind. Although more cautiously than before, companies are still spending money when they see it’s a worthwhile investment. Are you that fresh opportunity?
2. How far behind are you now that the recovery is moving full-steam ahead? Will you be able to quickly adapt to the new landscape that is occurring? Or, will you be one of the many partners scrambling to regain your footing?
3. Perhaps your firm decided to freeze salaries and table bonuses this year. Don’t be surprised if the firm winds up investing that money (and then some) to replace those “valued” rainmakers who no longer feel appreciated by or connected to your organization.
4. Are your clients investigating innovative new programs and/or alternative means to meet their needs? If they took a close look at your practice, would they see the inventive ideas they are looking for, or are they left wanting?
So what is it going to be? Will you choose to stand in place and hope the winds of change don’t blow you away, or will you use the wind to help your practice move forward more swiftly? It’s all about the combination of the right timing and the right opportunity. At GLI, we’re always working on pivotal open positions in a wide variety of practice areas. We are creative, which gives us the ability to think differently and work outside of the boxes which constrain solutions for so many others. Our creativity allows us to see things others have not seen and thus show new directions and new possibilities to both clients and candidates alike. The most important question we can ask you is: “What if …?”