Smarter Practices - Running a Successful Professional Firm

MSI partners with some of the most respected consultants to the law and accounting professions through its Strategic Alliance Program. This news page gives you access to the latest articles from a number of our partners. You can use the Search tool to the right to search for articles on specific topics

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Tamera_Loerzel

Twitter is Not Just for Pop Singers or Hollywood Stars

While many firm partners and managers are skeptical that Twitter is a waste of time or full of meaningless information, we know many firms that have realized real results by embracing Twitter as part of their overall marketing and positioning strategy.

In this article, Tamera Loerzel of Convergence Coaching shares three business benefits that you can realize by engaging on Twitter - and they don't take a lot of time either: Accessing news and information - Twitter is a free platform that provides access to a broad variety of industry associations... read more

Larry_Bildstein

Growth through Accountability: It’s not Magic. It’s Metrics

Managing partners in firms large and small share the same struggle when it comes to business development. Accountability.

Many firms set an annual revenue goal, measure total revenue vs. the goal regularly, but once the goal is established they wait and hope for favorable results. And while most offer some form of reward... read more

Gale_Crosley

Gale Crosley on The Business Discipline of Practice Growth

Market Intelligence: Trading in a Valuable Commodity

Our yard was inundated with bird food-eating squirrels and we were desperate.  So we did what desperate people do.  We fell for a shiny advertisement promoting a highly specialized (read... read more

Dawn_Wagenaar

Ingenuity Marketing Explain the Difference Between Marketing and Business Development

When it comes to promoting or growing a business, there are certain words that people like to use interchangeably. But it’s just not right. The confusion often begins when a person is hired for marketing services, but quickly learns that the expectation is really to make sales calls and bring in business:

"Maggie just isn't working out. She does a great job on the newsletter, but we're not getting any business." The opposite can also occur when a salesperson suddenly has marketing added to his or... read more

Sarah_Johnson

Leveraging LinkedIn to Develop Business

Let’s face it, most professionals joined LinkedIn because they got a request from someone in their network-they know, but they aren’t quite sure what to do with LinkedIn. However, what most professionals may not realize is that LinkedIn can also help you to develop business

Increase Your Visibility LinkedIn boasts a global membership of more than 135 million members. In addition to the opportunity to connect with this staggering number of professionals and key decision... read more

Larry Bildstein of The Whetstone Group

Organizing Your Firm for Growth

Professionals’ lack of participation in business development is typically a result of either not knowing what they should be doing, or not knowing how to do it

Sales management - that is, the function of coaching, accountability, measurement and evaluation relative to business development-is critical in creating a growth culture for CPA firms and law firms.... read more

Kevin O'Keefe, CEO of LexBlog

Blogging & Social Media for Business Development

Kevin O'Keefe, CEO of LexBlog, argues the case for social media and blogging saying that they focus on the same principals as traditional networking.

Professionals have always received their best work by virtue of relationships and word of mouth. The Internet did not change this. The Internet, when used properly, accelerates relationships and word... read more

Michelle Golden

Building a Strong Culture in Your Firm of the Future

Michelle Golden, President of Golden Practices Inc., provides the insight into the three keys to a stronger firm culture

Unless you've been sleeping under a rock, you're aware of giant shifts taking place in our knowledge economy. One massive shift is that employees now own the means of production-their brains. We take... read more

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