Let’s talk about what NOT to do when building your law firm because there are impactful lessons that can be learnt from failures, even more so than from sharing all the wins. That’s what MaxLawCon22 presenter Ty Shepherd who shares how to run your company with the wisdom of being prepared and the lessons learned from failures that he's seen while running his corporate bankruptcy firm.

Some lessons that Ty shares:

Learn from recessions
Have a strong team to avoid blind spots
Warns against excessive debt accumulation
Embrace failure as a learning opportunity

Ty firmly believes that failures are not the end, but rather opportunities for learning and growth. It’s important to share your mistakes and learn and grow from each other.

02:02 Lessons learned from clients about how recessions can be opportunities for strong firms to gain market share

04:41 When working well with team goes sideways

06:27 Debt in service-based businesses

09:16 Bankruptcy and failure can be opportunities for growth and learning

11:37 Top tip for finances and the business owner

🎥 Watch the full video on YouTube here.

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Running a Company Ain’t Always Fun with Ty Shepherd