Archive for February, 2009

Obama’s Stimulus Plan

Tuesday, February 24th, 2009

On February 17, 2009, President Obama signed the 1,071-page American Recovery and Reinvestment Act (H.R. 1) into law. Here are some of the routes the money will take.

$287 billion in tax breaks include … read more

 

From: Bill Cohron is a PLANSPONSOR Retirement Professional (PRP) with Benefits Solutions Group, Inc. in Mobile, AL , Tel: 251-633-401k (4015), Bill@BenefitsSolutionsGroup.com, www.benefitssolutionsgroup.com

 

 Bill Cohron is registered with, supervised by and Securities offered through Kovack Securities, Inc.  
6451 N. Federal Hwy, Ste 1201, Ft. Lauderdale, FL 33308 Tel: (954) 782-4771
Member FINRA/SIPC 

PREVENTING IDENTITY THEFT

Wednesday, February 18th, 2009

 

It’s easy to be victimized. What can you do to protect yourself?

 

 

Identity theft can be as primitive as “ghosting” - taking a dead person’s name and make a fake social security card with a scanner , a color copier, and light-blue marbled paper from an art supply store. Or it can involve sophisticated, cybercrime forums such as CardersMarket - 6,000 members strong with a server based in Iran, outside the grasp of U.S. authories. But there are ways you can defend yourself . Here are a few … read more

 

From: Bill Cohron is a PLANSPONSOR Retirement Professional (PRP) with Benefits Solutions Group, Inc. in Mobile, AL , Tel: 251-633-401k (4015), Bill@BenefitsSolutionsGroup.com, www.benefitssolutionsgroup.com

 

 Bill Cohron is registered with, supervised by and Securities offered through Kovack Securities, Inc.  
6451 N. Federal Hwy, Ste 1201, Ft. Lauderdale, FL 33308 Tel: (954) 782-4771
Member FINRA/SIPC 
 
 

 

Common Financial Mistakes

Wednesday, February 18th, 2009

 

Are you making mistakes with your money? Many people do, because of inattention, a lack of knowledge or confidence, or relying of the advice of friends rather than professionals. Here are some all-too-common money errors to avoid … read more

 

 

From: Bill Cohron is a PLANSPONSOR Retirement Professional (PRP) with Benefits Solutions Group, Inc. in Mobile, AL , Tel: 251-633-401k (4015), Bill@BenefitsSolutionsGroup.com, www.benefitssolutionsgroup.com

 

 Bill Cohron is registered with, supervised by and Securities offered through Kovack Securities, Inc.  
6451 N. Federal Hwy, Ste 1201, Ft. Lauderdale, FL 33308 Tel: (954) 782-4771
Member FINRA/SIPC 

 

 

 

 

 

 

 

The Great Quest to Be Organized

Wednesday, February 18th, 2009

 

Could your disorganized work style lead to health problems? Yes, says Sandra Seick RN, the director of cardiovascular development with Providence Hospital. Chaos leads to stress, which takes itself out on the body. The primary organ affected by stress is the heart. Eat right, exercise and reduce your stress, advises Seick.

 

Not long ago, high tech gurus around the country were predicting that, by now, we would have become a paperless society. Though a heavenly vision, it simply hasn’t happened. In fact, with the onset of technology, people seem to be waging an internal battle, stuck somewhere between their old filing system and an increasing attraction to their computer and all of its paperless capabilities. The result is chaos, lost souls who, at one time relied on personal filing methods but who are now wandering aimlessly in a disorganized realm.

 

Today, it is estimated that 80 percent of all information is still paper based. U.S. and Canadian businesses alone generate over one trillion new pieces of paper each year In addition, the average time to retrieve and re-file a paper document is 10 minutes, and about 30 percent of documents are lost or misfiled and have to be recovered at an alarming cost of $120 per document. (Source: Gartner Group, Coopers &Lybrand, Ernst &Young).

 

“It’s not only frustrating to be disorganized, it’s just plain costly,” says Lee Donald, president of Organizing Associates Inc. in Mobile. Donald likes to quote a study by Coopers and Lybrand which found that the average executive wastes 150 hours per year looking for lost, misplaced, misfiled or mislabeled documents.

 

“People think that being organized is being perfect, but it’s not,” Donald points out. “Being organized is having a system that works consistently for that person.”

 

Though there are different software programs available to help people become more organized, Donald’s favorite one for filing systems is called “Taming The Paper Tiger.”

 

Describing it as a “search engine for your files,” Donald says the system integrates paper filing systems into a computer program that can help people find information instantly, reminds them of any activity they need to maintain within a file, and can even keep track of archived information stored offsite.

 

“You’re not getting rid of your files,” said Donald. “You’re simply logging them into a system where you can cross reference information and find things instantly without searching through a file drawer. It’s so useful that you no longer need to keep a single piece of paper on your desk. Your active files and information are placed within arms reach, so even your “things to do list” can be dropped into a file.”

 

Mark Glass, CEO of Southern Heritage Inc. is a believer in the Paper Tiger method. His three-year-old company was experiencing 10 percent com pounded growth every month of last year and this year, the percentage has been even higher.

 

“My desk was a three- ring circus,” said Glass. “We have 8,000 customers in our data base. I use my computer for everything, but when it came to paper; I didn’t file anything for fear I’d lose it. I needed to put my hands on that paper instantly.”

 

One day, Glass was watching television and saw Donald talking about the Paper Tiger system. He called her the same day with one simple sentence, “You are going to organize me.” Before long, Donald was in his office helping him put his papers into the system.

 

“With Paper Tiger, everything’s in the computer and files are numbered. It’s so simple, but it’s ingenious,” said Glass. “If paperwork bogs you down, you can’t grow. This enables you to get control so you can step up to the next level.”

 

 

Five Tips for Organizing Your Workload

1. Eliminate the non-essentials.

2. Prioritize your task or “to do” list using a 1, 2, or 3to indicate order of importance. Do one of each every day, so that the lesser important things do not turn into urgent matters.

3. Schedule appointments with yourself to get work done. Keep the appointment!

4. Define and delegate when possible.

5. Break projects into manageable steps and schedule the due dates for each step on a calendar for all involved.

 

 

Integrated Legal Office Systems Lead to Productivity, Part 5

Wednesday, February 18th, 2009

 

Key #5 Listen Well, Communicate Effectively  

Good listening skills help us avoid miscommunication with co-workers, which reduces stress and improves individual and office productivity. One of the listening issues I’ve found in many practices is that there is not time set aside on a daily basis for the people in the office to communicate face to face. 

We all get busy and think that since there is not a fire to put out at this moment there is not an important issue to discuss.   When time is taken to discuss the issues at hand it keeps an office running smoothly because everyone knows what is important. 

Again, the most important part of effective listening is to summarize.  Be certain that you have clearly understood the message.  Also, when getting a point across to others be aware that the way you speak – your voice tone and facial expressions often have a more lasting impact than the actual words you use.

Integrated Legal Office Systems Lead to Productivity, Part 4

Wednesday, February 18th, 2009

 

Key # 4 Prioritize Tasks, Schedule Time, and Minimize Stress

When we prioritize our tasks and schedule our time, we DO minimize Stress. Maintaining balance in our lives is so important and sometimes it is hard to do.

Use a simple system of 1-2-3 to prioritize tasks.  Make a conscious decision of what is the most important task to be done that day and schedule that task when you are at your peak production time.  In other words, make an appointment with yourself and keep it.

Do not put more than a few #1’s on your “to do list” daily.  That’s a great way to cause burnout quickly. Remember to do the truly important things, not necessarily the things that others deem urgent.

One important thing we all need to do is schedule our time, not only including our outside appointments but also our office time.

1)    Did you know that 80% of our daily interruptions usually come from 20% of the people we work with?

 

2)    An average interruption during the work day consumes 10 – 20 minutes in getting back on track, not counting the actual time with the interrupter. 

Try scheduling appointments with yourself as well as with others.  Time blocking will help you do that and it is easy to do using your computer calendar. Outlook is the most often used computer calendar in the firms I have worked with. 

In the August 2008 issue of Addendum, Laura Calloway wrote an article reviewing a book by Ben Schorr regarding Outlook 2007.  In the article, she says that someone else has already done the hard part by writing the book; now you can streamline your office tasks quickly and easily.  I agree.

Laura declares The Lawyer’s Guide to MS Office 2007 is a must-have for every lawyer who has ever wanted to pull out their hair over e-mail management. For information on how to order the book, go to www.alabar.org

Another way to minimize stress is to pay close attention to various ergonomic factors in your office.  Keyboards, chairs and lighting are so important and many of us do not pay much attention to these things.

 

Lee’s Keys #5 can literally change the culture of your legal office into a productive, efficient machine.

Integrated Legal Office Systems Lead to Productivity, Part 3

Wednesday, February 18th, 2009

 

Lee’s Keys #3  Improve Efficiency, Reduce Steps

Let me share some statistics regarding paper.  In a survey done by Fast Company, the question was asked,

“Do you use more paper or e-mail in your business?”  Eighty-six percent said “more paper.”  Look at these paper statistics:

1)         The average American office worker is estimated to use a minimum of 1 sheet of paper every 12 minutes.  

 

2)         80% of papers filed in drawers are never referenced again

 

3)         50% of all filed materials are duplicates or expired information

Remember the RULE OF ORIGINATION

“The person responsible for the origination of a document is the person who is responsible for maintaining that information either on paper or electronically.”

One of the best ways to maintain hard copy information in any form is by using MobilLogic.  It is a web based search engine for your file cabinet as well as a great front-end application for your records management system.  MobilLogic also works very well with off site hard copy storage and retrieval. 

If you don’t already have a standardized hard copy filing system with pop-up reminders, this one can solve many issues for you.  With reminders regarding actions to be taken on a file as well as searchable records of cases in progress, you don’t have to remember which legal pad the notes were written on. 

We know where the paper comes from, but what do we do with it?  Use the ART OF WASTEBASKETRY® to determine whether or not to keep a piece of paper.  Ask yourself these 6 questions when making a tough decision about keeping a piece of paper.

1)      Did I ask for this Information?

 

2)      Is this the only place the information is available?

 

3)      Is the information recent enough to be useful?

 

4)      Can I identify the special circumstances when I would want this information?

 

5)      Are there tax or legal implications?

 

6)      What is the worst possible thing that could happen if I didn’t have this piece of paper? 

 

From:  Kiplinger’s Taming the Paper Tiger: Organizing the Paper in Your Life

Revised and Expanded Edition

By Barbara Hemphill

Registered trademarks are the property of Hemphill Institute

If the answer to these questions is NO, then toss the paper!  Remember to include scanning in your office records management system.  Used properly this will become a great part of improving office efficiency. 

Over the years I’ve learned there are different learning types in most offices – visual, auditory, and kinesthetic. The people who are kinesthetic will be the least likely to want to convert to a total scanning system. These are the people who will re-print a scanned document to read it. 

 

Know that scanning is important as a part of overall office organization, but it may work better for some practices rather than others due to the people who are the end users of the information.

  

One practice I worked with saved its client millions of dollars because they were able to locate the original printed fax cover sheet.  That alone was worth the effort for the office to become organized!

 

Lee’s Keys #4 is about prioritizing, scheduling, and minimizing.

Integrated Legal Office Systems Lead to Productivity, Part 2

Wednesday, February 18th, 2009

 

Lee’s Keys #2 Think Vertically and Visually!

 

This includes:

 

1)      Separating items according to categories

 

2)      Designing vertical storage spaces specifically for the items being stored in them, and also for the persons using them the most

 

3)      LABEL EVERYTHING – there are many different ways to label, including docket number, client matter, dates, or a combination of these.  I’ve seen firms use them all. 

 

4)      Design a plan for the desktop organization of the computers in your firm.  When everyone has the same programs in the same order on their desktop, it is much easier to locate information in their absence. 

 

Many law offices don’t realize how much it costs for even one person to be disorganized.  To calculate the COST of disorganization in your office, you can go to the website www.eldonsolutions.com.  As an example, I put in an average salary of $45,000 in a company with 6 employees.

 

The cost of disorganization in that company 

per year was $33,750 – that is a lot of wasted money.

 

Did you know that a 1% improvement in office productivity equals 10% of the operating cost? Thinking Vertically and Visually leads us to Lee’s Key #3.

 

 

 

 

 

Integrated Legal Office Systems Lead to Productivity, Part 1

Wednesday, February 18th, 2009

 

“If you fail to plan, you plan to fail.” We have all heard the saying, but what does it mean in an office environment?

 

I have learned over the years that when you say the words “get organized”, different people will hear different things.  One person may think “communication”, another person may think “spatial order” and another may think “time management.”  Actually they are all correct; I will give you some Keys to remember when planning the systems in your law office.

 

Lee’s Keys #1 Design your Waterfront Property© for Maximum Use

 

How many of you have Waterfront Property©? Actually, anyone who works in an office has it! It’s a term I coined to describe the space around your desk or credenza – or the area where you do most of your work. 

 

When you sit in your chair, hold your arms out to your side and turn in a circle, this area is considered your Waterfront Property©.  It’s the most valuable piece of property in your office because it is where your most important work is done.

 

One of the main complaints I hear about a person’s Waterfront Property is “what do I do with all this stuff”?  We tend to keep lots of “stuff” around us in our Waterfront Property area especially if we are visual people.  And we tend to keep this Waterfront Property “stuff” in piles, rather than in files.  

 

Someone with lots of piles is creating what I call “horizontal filing”. These people have difficulty finding information quickly because most of it is paper based. If a matter or case is not closed, then we tend to keep the information in paper form, and most of the time it’s filed horizontally rather than vertically.  This creates a pile that must be lifted and moved every time information is needed.  This equals more time wasted.

 

Many law practices wait until the case is closed before they consider the ways they keep the information. Remember that information in a combination of paper, electronic, and scanned documents is often a good way to handle a case or a legal matter.

 

Always send the closed case hard copy information to an AAA Certified records management center rather than using a mini warehouse unit, or closet, or attic of the building you are in. The difference in these options is dramatic and failure to manage and store your records properly could have serious consequences.

 

When horizontal filing is the organizing problem, I teach people Lee’s Key #2.

Upward Delegation … Is Your Business at risk?

Wednesday, February 18th, 2009

 

Have you ever delegated a task to your assistant and, after realizing it wasn’t going to be done, assumed responsibility of it again? If so, the following story may sound familiar.  

 

Directory, Redirected

An executive had been asked by a co-worker to get a corrected list of contact information compiled for a large directory. There was a deadline, which was quickly approaching. Since the executive was involved in another, more important project, she asked her assistant to find the remaining few e-mail addresses. This request involved calling four people to confirm their new addresses.

 

Upon receiving this request, the assistant “teased” the executive about waiting so long to involve her in this job, “jokingly” indicating that she might be able to do this in her spare time, and left the office. At 4:45 PM, the assistant turned off her computer as she made one more personal phone call and was about to leave for the day. The executive asked for the corrected addresses and the assistant indicated that she had not had time to make the necessary calls. In a friendly voice, she suggested that if the executive would just stay a few minutes later than usual, that she could probably find the people herself.

 

The executive re-assumed the task.

 

Resentment Due To Perceived Lack Of Value

One question I am often asked by office assistants is, “When does my time become important?” The answer is, your time is always important, as long as you are using your time at work to help your executive accomplish work they need to accomplish in order to properly do their job.

 

What is the solution? How can I avoid this situation?

Both people were not happy with the way the process happened, and yet neither wanted to fully address the issue for fear of further damage. This is always a negative in an office setting.

 

When the center of power shifts from management to subordinate, it is not a productive situation. The manager is usually seen as weak and in a more negative light than the employee because no manager should ever “concede” to a subordinate concerning an assigned task.

 

Managers can certainly utilize productive criticism from an assistant however the manager should never allow themselves to be railroaded into taking back a task they have delegated to an assistant. As a rule, this practice greatly jeopardizes the manager’s authority in dealing with that employee in every other future office matter.

 

The best way to avoid the situation is to have a clear understanding of job responsibilities and clear communication at the beginning of the working relationship. Such incidences can be prevented through the proper exchange of information initially and by managers understanding their role in leadership.