Fascinating presentations at the RSA about the bubble we all live in and the unsustainability of simply throwing away garbage. This was the first I have heard about designing manufacturing not only to recycled but to be built to a continual cradle to cradle system.
Pie in the sky?
Listen to Stef Kranendijk discuss how his carpeting company is currently doing this.
I was listening to Martin Seligman at the RSA talking about positive psychology. His discussion of the causes of suicide (a lack of meaning in daily activities) dovetailed with an earlier discussion on the Suicide Paradox from Freakonomics. Two bits that stuck with me from the Freakonomics episode was that suicide rates increase as standards of living rise and that the time from the suicidal impulse to the suicidal action is often as short as two to five minutes.
I know, this doesn’t sound very “happy” so far. The RSA lecture made me look up more of Martin Seligman’s presentations and I came across the TED.
I’m listening to Episode 43 of The Pipeline where Mike Monteiro of Mule Design talks about starting his web design house and what it takes to succeed.
What does this have to do with running a solo or small law practice?
Frankly, I find that web and tech startup and a lot in common with small law practices:
From figuring out marketing,
To deciding on what roles to fill,
To deciding whether to bring people together or work remotely,
To keeping clients happy and knowing when to tell a client what they need to hear (even if it may mean losing that client).
And last, how you cannot be a success if you can’t sell yourself to a prospect.
One thing I found particularly interesting was the notion of the morning meeting. We’ve all heard the new reasoning that an hour meeting with 7 people is 7 hours of lost productivity. However, the idea of starting each day by pulling together and outlining the goals for the day and everyone’s responsibilities in the big picture is compelling stuff.
Take away: A high churn rate, the frequency at which businesses are replaced as market leaders within their field, is a strong predictor of strong economic growth. This is not in spite of the failure of the replaced business but because of the failure.
Because the process of economic growth is a process of replacing bad ideas with better ideas.
Now you have another argument against propping up old business models. Give it a listen.