Quote of the Week – 30.12.22: Insightful data is called information

This week’s Quote of the Week comes from a post I read by Seth Godin. In ‘Insightful data is called information‘ Seth writes:

The purpose of information is to inform, to help us change our minds. Information has a point of view, it’s useful. It turns data into actionable truth.

Getting more data isn’t the hard part. Turning it into information is.

This is absolutely spot on and something every law firm needs to keep in mind as it mines for the new oil – aka data!

 As usual, comments are my own. And I hope everyone has a great and safe 2023!

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#QuoteOfTheWeek

People never pay extra… …Only, they sometimes do.

People never pay extra.

They buy something they want at a price that feels fair to them.

Seth Godin – jUNE 7 2022

Wise words from Seth here, people never pay extra, they buy something they want at a price that feels fair to them.

Only, as we know, they do.

But, anyone who does that without evidencing the additional value being provided will, eventually, lose that client/customer.

Unless, as Seth goes on to say:

… that means that anyone who wants to charge a premium is going to have to offer quality, service, design and a feeling that it’s worth whatever is being charged.

Which means, every single day you need to be asking yourself: “What value did I add today?”

Because if you cannot answer that question in a highly competitive service driven industry, your chances of being around for much longer just got a whole lot shorter…

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What’s your budget?

Going to start this week off with some sage words by Seth Godin (again!):

But what’s your budget?

For those lawyers out there, I particularly liked this one:

Are you a perfectionist, unwilling to ship the work until someone is finally so frustrated, cornered or broke that they pry it from your hands?

Have a great week!