What Can A Lawyer Learn About Business Development From A Golf Pro?

Golf Swing

Steve Fretzin, LawFuel Contributor

Over the past 30 years, I have played hundreds of rounds of golf, never thinking much about how it related to business development. I was too busy swinging away, just trying to get to the next tee box without losing my ball.

A few years ago I met a golf instructor and decided to take a few lessons.It was a good thing I did because it not only improved my game, it provided a supplementary experience that really struck a chord with me as it related to business development.

As an attorney, you’ve probably been involved in a “pitch” meeting with a new prospective client. You may recall the nervousness or anxiousness felt around the idea of signing up for piece of new business.

During your meeting, you probably believe that the end result or “close” is the single most important element of the meeting. While your origination numbers may depend on “closing the deal,” there is another important aspect of running a successful business development meeting that holds the key to your success.

Let me go back to my golf pro for a minute and explain. After meeting and chatting with my new golf pro for a few minutes, he invited me onto to green carpet to take a few swings. He watched me intently for a few minutes as Isteppedupand smashed a few balls into the range.

Finally, he turned to me and said, “Steve, do you enjoy swinging the golf club?” Being terribly confused by his question I said, “What?” I simply had no idea what he was talking about. Fortunately, he explained, “You seem to be approaching each swing with the intention of getting to the outcome as fast as possible. You don’t seem to be enjoying the actual swing.”

I paused and thought about that for a minute. Do I really enjoy swinging a golf club or am I just trying to get it over with, hoping to land the ball somewhere in-bounds? I then realized there was very little enjoyment in swinging the golf club and I was in fact rushing each shot to quickly get to an outcome.

For me, this conversation was a real epiphany. If sports golf is all about swinging a golf club repeatedly, and I’m not enjoying the swing, then am I really enjoying the game of golf? Pretty deep, right? At the time, I didn’t have the skill sets to truly enjoy the swing.

Therefore, I have only focused on the end result of each shot. The true enjoyment of golf is in the beauty and enjoyment of each swing. It then became clear that a better, more fluid swing will produce a much better outcome.

This is where the missing piece of the puzzle was for me. It’s also where I realized how perfectly this scenario relates to attorneys and the process of business development.

As I thought more about the swing in golf and what happens in a typical pitch meeting, there was something unnatural about both of these activities

.Just like my wild and harried swing, rushing to pitch a new prospective client can lead to an unpredictable outcome.

Enjoyment of the Swing

A better solution would be to slow things down and enjoy conducting a successful business meeting. Instead of rushing to pitch and talk about yourself, you would build rapport and focus on asking great questions.

To paint an analogy between business development and a golfer’s approach, consider how the stableford scoring system encourages a consistent game by rewarding positive outcomes without penalizing mistakes too harshly. This method fosters a focus on long-term strategies rather than just individual swings or business pitches, mirroring the importance of building sustainable client relationships and asking insightful questions.

You would listen to your prospective clients legal problems and not feel obligated to solve them on the spot. While this might go against one’s natural instincts to problem solve, it will be a refreshing change to focus on not solving problems. By concentrating on asking tough questions and uncovering a prospective client’s pain points, there will be more urgency for them to hire you.

The “enjoyment of the swing” in business development is to be found in the relationship-building and questioning process that allows us to truly understand our prospective clients’ problems, needs and desires.

If you focus your time and attention there, they have to believe that you are indeed an expert and someone with whom they should be working. Having your focus on the prospective client and not on yourself can only help you in developing a new client opportunity.

It might also separate you from the other attorneys who are still hacking away with their sales pitches. As you think about this new process of walking buyers through a buying decision, you can truly enjoy your business development efforts and take away the pressure to just “close the sale.

”When the process is all about the buyer, good results will just happen.

Steve Fretzin Lawfuel

Steve Fretzin is a bestselling author, host of the BE THAT LAWYER Podcast, and business development coach exclusively for attorneys. Steve has committed his career to helping lawyers learn key growth skills not currently taught in law school. His clients soon become top rainmakers and credit Steve’s program and coaching for their success. He can be reached directly by email at steve@fretzin.comOr you can easily find him on his website at www.fretzin.com or LinkedIn at https://www.linkedin.com/in/stevefretzin/. 


How to Use a German Pension Refund Calculator to Estimate Your Refund


What Is a German Pension Refund Calculator?

When working in Germany, especially as a foreign employee, you contribute a portion of your salary to the national pension system. At the end of your employment period, you might be eligible to reclaim some of these contributions. A German pension refund calculator simplifies the task of estimating the amount you can recover, offering an accurate and hassle-free solution. Instead of manually calculating complex contributions and deductions, you can rely on this tool to do the heavy lifting.

The tool factors in various elements, such as your employment duration, income level, and the specific agreements between Germany and your home country. With the right inputs, it delivers a clear estimate of your potential refund, helping you plan your finances better and avoid costly errors.


Why Use a German Pension Refund Calculator?

Estimating your pension refund manually can be time-consuming and prone to errors. This is where the calculator proves invaluable. Here are some key benefits:

  1. Accuracy: Unlike manual calculations, the tool considers all relevant parameters, including contribution rates and tax implications.
  2. Convenience: Enter your details, and the calculator does the work, saving you hours of effort.
  3. Financial Planning: Knowing your refund in advance allows you to budget effectively for upcoming expenses.
  4. Error Reduction: Automated tools minimize the risk of common mistakes that could result in rejected claims or reduced payouts.

Given these advantages, it’s clear why a German pension refund calculator is an essential tool for expatriates and returning workers alike.


Step-by-Step Guide to Using the Calculator

Navigating a pension refund calculator is easier than you might think. Follow these steps to ensure accurate results:

  1. Choose a Trusted Calculator: Not all calculators are created equal. Opt for tools from reliable platforms.
  2. Gather Your Data: Before starting, collect all necessary information, such as:
    • Dates of employment
    • Total income earned in Germany
    • Contribution details (usually found on your pay slips)
  3. Enter the Data: Carefully input the information requested by the calculator. This may include:
    • Employment duration
    • German state you were employed
    • Private or public sector or stage / orchestra employment
    • If applicable include supplementary pension scheme like VBL or VddB
    • Gross and net salary figures
  4. Review the Estimate: Once the calculator processes your inputs, review the results. If something seems off, double-check your entries for errors.
  5. Save the Results: Many calculators allow you to download or save your refund estimate.

Factors That Influence Your Refund

The amount you can reclaim depends on multiple variables. These include:

  • Employment Period: Shorter employment periods usually result in smaller refunds, while longer durations yield higher amounts.
  • Contributions: The percentage of your salary contributed to the pension system significantly affects the refund calculation.
  • Country Agreements: Bilateral treaties between Germany and other nations can influence eligibility.
  • Taxes: In some cases, part of your refund may be subject to taxation in your home country, reducing the final amount.

Being aware of these factors helps set realistic expectations and ensures accurate use of the calculator.


Common Pitfalls to Avoid

While the calculator simplifies the refund estimation process, there are common mistakes users should watch out for:

  • Incorrect Data: Entering wrong dates or income figures can lead to inaccurate results. Always double-check your inputs.
  • Ignoring Tax Implications: Some refunds might be taxed in your home country. Factor this into your financial planning.
  • Relying Solely on Estimates: While the calculator shows the exact amount you paid to the German pension scheme, your refund amount could vary in case you had already received benefits from the pension office or you participated in pension equalization from a divorce ruling.

By avoiding these errors, you can make the most of your refund estimation process and minimize complications.


Maximizing Your Pension Refund

If you’re hoping to secure the maximum possible refund, consider these strategies:

  1. Complete Your Application Early: Delays in filing can sometimes lead to reduced refunds or unnecessary complications. Start the process as soon as you’re eligible.
  2. Provide Comprehensive Documentation: The more detailed your submission, the fewer questions you’ll face from authorities. Include pay slips, employment contracts, and tax records.
  3. Use Professional Advice: For complex cases, consult a financial expert or tax advisor to ensure you’ve covered every angle.
  4. Understand the Rules: Familiarize yourself with Germany’s pension refund policies and potential bilateral agreements applicable to your country. This knowledge can help you identify opportunities for higher claims.

Taking these steps ensures you’re well-prepared to claim the highest possible amount.


Real-Life Examples of Refund Calculations

Practical examples make it easier to understand how the refund process works. Here are two scenarios to illustrate the differences:

Example 1: Seasonal Worker
Alex worked in Germany for two years, earning an annual salary of €40,000. His total contributions to the pension system were €7,440. Since his employment was short-term, he’s eligible for a refund of €7,440, representing his share of the contributions.

Example 2: Long-Term Employee
Maria spent 10 years in Germany, earning €60,000 annually. Her total contributions amounted to about €55,800. A calculator helps her determine the exact amount, factoring in deductions and bilateral agreements.

These examples demonstrate how individual circumstances impact refund amounts and highlight the importance of using a calculator for accurate estimates.


Additional Tips for a Smooth Refund Process

  1. Stay Updated: Policies and contribution rates can change. Regularly check for updates to ensure you’re working with accurate information.
  2. Use Reputable Resources: Always rely on official or well-reviewed tools and platforms
  3. Prepare for Delays: Refunds can take 6-12 months to process. Patience and thorough documentation can help avoid unnecessary setbacks.
  4. Keep Records: Maintain a file of all documents related to your employment and contributions. This ensures you have everything needed to support your claim.

Conclusion

A German pension refund calculator is a powerful tool for anyone looking to reclaim their pension contributions after working in Germany. By simplifying complex calculations and providing accurate estimates, it empowers you to make informed financial decisions. Whether you’re a short-term worker or a long-term employee, this tool can help you navigate the refund process with confidence.

For accurate estimates and expert guidance, visit https://www.germanypensionrefund.com/. With the right resources and preparation, you can maximize your refund and secure the benefits you’re entitled to.

Source: GermanPensionRefund.com

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