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Questions You Need To Ask BEFORE You Institute Your Associate Bonus Compensation Plan [Video]
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Entrepreneurship

Questions You Need To Ask BEFORE You Institute Your Associate Bonus Compensation Plan [Video]

Associate bonus compensation is vital in retaining top talent at your law firm and motivating your employees. In order to create a bonus incentive plan, however, you need to have an answer to three specific questions: 1. What does your business need? 2. What will motivate your associates? 3. What is your M.V.P.?In this episode, we discuss: -The 3 questions to start the process of configuring the bonus compensation plan.-Try to create parity between what’s expected and what’s delivered.-How much should be going to the base compensation based on the market.-Be sure what will motivate your associates so you can create the right incentive plan.What you are going to create in the future so you have the balance of your profit and your expenses in appropriate ratios——————————————————————————Content:00:00 – Intro03:29 – What Does Your Business Need?08:12 – Growth Strategies That Generate leads In A Law Firm12:54 – What Will Motivate Your Associates?16:52 – People Are Motivated By More Than Money22:40 – What Is Your M.V.P.?27:02 – OutroSnip-Its00:16:57 (36 Seconds) As your company grows, you might not want to differentiate the types of benefits that you give from person to person, but you might, right? You might want to have a structured bonus plan whereby people get to elect at the beginning of the year what bonus they’re going to be pursuing. You can build out your entire budget around if a person hits a budget, a goal so that they are entitled to bonus compensation that it’s already paid for by virtue of you starting at the beginning of the year, setting aside the funds that are going to be necessary for that. But the worst thing that you can do is presuppose that the only thing people care about is money.——————————————————————————Subscribe To The ShowYouTube: https://www.youtube.com/c/LawFirmMentor?sub_confirmation=1Apple Podcasts: https://podcasts.apple.com/us/podcast/crushing-chaos-with-law-firm-mentor-podcast/id1497474051Spotify: https://open.spotify.com/show/2SFR79N9zX5IaxMxft5LqvStitcher: https://www.stitcher.com/show/crushing-chaos-with-law-firm-mentor-podcast——————————————————————————Connect With Allison C. Williams, Esq.Website: https://www.lawfirmmentor.net/contact?hsLang=enFacebook: https://www.facebook.com/LawFirmMentor/Twitter: https://twitter.com/law_firm_mentor?lang=en-GBInstagram: https://www.instagram.com/law_firm_mentor/LInkedIn: https://www.linkedin.com/company/69065114/admin/——————————————————————————-Speak With A Law Firm Mentor Growth Strategist Today: https://www.lawfirmmentor.net/speak-with-a-growth-strategist?hsLang=en——————————————————————————–Join One Of Our Many Courses At Law Firm Mentor:More Money, More Free Time: https://www.lawfirmmentor.net/more-money-more-free-time-package?hsLang=enLaw Firm Mentor Accelerator: https://www.lawfirmmentor.net/accelerator?hsLang=enIntake Mastery: https://www.lawfirmmentor.net/intake-mastery?hsLang=enLegal Sales For Attorneys And Non-Attorneys: https://www.lawfirmmentor.net/legal-sales-course?hsLang=en——————————————————————————-We Have All The FREE Law Firm Resources You Could Ever Ask For:Download the Law Firm Culture Scorecard: https://www.lawfirmmentor.net/culture-scorecard?hsCtaTracking=7bb7c4f2-b7e1-4981-8f3d-50d571f93f44%7Cee7f6a9a-958a-4dc3-b6f4-f85f13b5e079Download the Personified Client Avatar Worksheet: https://www.lawfirmmentor.net/avatar?hsCtaTracking=4f04cd2c-6759-4dfb-a6ab-a5433be2db8c%7C8e5d4bf4-aa3d-4568-89a4-40a9ae632f18#LawFirmMentor #AllisonCWilliams #CrushingChaosPodcast

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Where to File Your LLC (and what to do if you messed this up!) [Video]
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Entrepreneurship

Where to File Your LLC (and what to do if you messed this up!) [Video]

Are you wondering where to file your LLC? Maybe Wyoming or Nevada or Delaware? Chances are you are overthinking this crucial step to starting your online business.In this video I share the BEST place to file your LLC, including 3 steps you can take if you messed up your original LLC filing. We offer 3 convenient ways to set up your LLC:1. Full Service – We will walk you through the process step by step: https://www.hawthornlaw.net/services/2. DIY LLC Setup service – Tackle the process on your own in as little as 15 minutes online: https://www.hawthornlaw.net/diy-llc3. We are a proud affiliate of this online vendor: https://hawthornlaw.net/incorporateWe also offer a self-paced course to teach you how to set up your LLC on your own. If you work through the course and are unable to set up your LLC on your own, we will credit the cost of the course towards one of the packages referenced above!Click here for our LOCK it Down® (legal) Startup Course: https://www.obfoundations.com/offers/CLBa74QU/checkoutLike this video? Please subscribe and sign up for our Free Training to Learn my 10 Step Process for starting an Online Business: https://www.obfoundations.com/10steps💬 DM me on Instagram at https://www.instagram.com/jim.hart======OFFERS======🎓 Free video training on my 10 step framework to go from zero to $10k per month in revenue: https://www.obfoundations.com/10steps🦄 5 Top Secret Tech Tools every Entrepreneur should know: https://tools.obfoundations.com 💪 Get rock-solid legal contracts for your business: https://onestoplegal.co📞 If you need to get a hold of me, you can schedule a call using this link: https://www.hawthornlaw.net/consult**Unless you are a legal or private coaching client, I do NOT respond to emails or contact form submissions.** ✅ Need more information on starting a business? Download our cheatsheet here: https://www.hawthornlaw.net/cheatsheet ✅ Want the Ultimate Business Building Checklist? Click here: https://www.hawthornlaw.net/ultimate ======PRODUCTS I LOVE======Some of the links below are affiliate links. If you purchase through these links, it won’t cost you any additional cash, but it will help to support my channel. Thanks! ⚖️ To start your own LLC, click here: http://hawthornlaw.net/incorporate (affiliate link)👉 To set up a registered agent for your business, click here: https://hawthornlaw.net/agent (affiliate link)**Or use our DIY service by clicking here: http://www.hawthornlaw.net/diy-llc💸 To sign up with a payroll service I use and love, click here: http://hawthornlaw.net/payroll (affiliate link)✉️ To sign up with my favorite email service provider, click here: https://www.hawthornlaw.net/convertkit (affiliate link)🎥 For a list of all the gear I use when making these videos, click here: https://kit.co/legaljim (affiliate link)======FOLLOW ME======Subscribe on YouTube: http://bit.ly/2UeiiTlIG: https://instagram.com/jim.hartFB: https://facebook.com/jameshartlaw======ABOUT JIM======Jim Hart is a lawyer, entrepreneur, Youtuber and online business coach. Jim created the LOCK it Down® (legal) Protection System, which has helped hundreds of online entrepreneurs to get their legal house in order. In addition, provides monthly coaching and training through his OB Foundations Membership Program.Meet Jim at https://jimhartcoaching.com/. Join his coaching community at https://obfoundations.com ✳️MAILING ADDRESS:✳️James W. HartHart Digital Media, LLCThe content of this YouTube channel is provided for informational purposes only and is not intended to constitute legal advice. You should not rely upon any information contained on this YouTube channel for legal advice. Viewing this YouTube channel is not intended to and shall not create an attorney-client relationship between you and James W. Hart or The Hart Law Firm, P.A. Messages or other forms of communication that you transmit to this YouTube channel will not create an attorney-client relationship and thus information contained in such communications may not be protected as privileged. Neither James W. Hart nor The Hart Law Firm, P.A. makes any representation, warranty, or guarantee about the accuracy of the information contained in this YouTube channel or in links to other YouTube channels or websites. This YouTube channel is provided “as is,” does not represent that any outcome or result from viewing of this channel. Your use viewing of this YouTube channel is at your own risk. You enjoy this YouTube channel and its contents only for personal, non-commercial purposes. Neither James W. Hart, The Hart Law Firm, P.A., nor anyone acting on their behalf, will be liable under any circumstances for damages of any kind.Hawthorn Law® and LOCK it Down® are registered trademarks of The Hart Law Firm, P.A. © James W. Hart, All rights reserved.💡 Have an idea for a video I should do? Click here: https://bit.ly/3LgVR6z#jameshart #LLC #expatlife

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Business Planning – What is the Best Entity to Use When Starting a Business? [Video]
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Entrepreneurship

Business Planning – What is the Best Entity to Use When Starting a Business? [Video]

For more, go to zelllaw.com#estateplanning #probate #attorney #wills #financialplanning #estateplanningattorney #lawyer #powerofattorney #guardianship #trusts #elderlaw #lifeinsurance #estateplan #trust #financialfreedom #law #livingwill #money #familylaw #medicaid #probateattorney #personalfinance #realestate #legal #assetprotection #willsandtrusts #estate #personalinjury #divorce #bhfyp

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If You’re Starting A Business Plan You MUST WATCH This Video! #shorts [Video]
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Entrepreneurship

If You’re Starting A Business Plan You MUST WATCH This Video! #shorts [Video]

It’s difficult starting a business from scratch, yet without money. Here are the things you should consider when starting your business. #shorts———————————————————Transcript:The very first thing you should do if you’re trying to start a business is you should definitely keep your costs low when you first start your business. Don’t try to impress people that don’t matter. You don’t need that fancy office and all this extra equipment. And a lot of people are like, “Oh no, well, if I start my business I have to have this, this, this, and this all perfect, and then I can get started.”That’s not the right way to go about it. The very first thing you should do if you’re trying to start a business is figure out a way to get clients. As the great Mark Cuban always says “Sales cures all.” So, the first thing you need to do is figure out how to get more sales, more clients, more customers for your business. Anything that does not directly relate to getting you more business, or direct dollar for dollar, anything that is not going towards that goal in the beginning you should not do it, and try to do that for as long as possible.———————————————————If you get into a car accident, do this first:1. Call the police2. Take pictures and videos of the accident scene3. Go to a doctor4. Call a personal injury lawyer———————————————————If you want to know how much your personal injury case is worth, contact me here:Instagram: https://www.instagram.com/ceolawyer/Facebook: https://www.facebook.com/theceolawyerLinkedIn: https://www.linkedin.com/in/ceolawyer/Website: https://ceolawyer.com/ ____________________________________________DISCLAIMER:This video is made for advertisement purposes only and is not intended to be legal advice. Please consult with your own attorney before taking any action. Unless a written contractis signed between you and Ali Awad Law, P.C., no. attorney-client relationship exists. Do not leave any comments with private information as this video and its contents may be publicly accessible for an indefinite period of time. No representation is made thatthe quality of legal services performed by other attorneys. ———————————————————ALI AWAD LAW, P.C.200 Peachtree St NW Suite 201, Atlanta, GA 30303https://aliawadlaw.com

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