In today’s episode, Jim and Tyson chat with Alabama bankruptcy lawyer, Ty Shepard! They dive into the journey of entrepreneurship and finding that community of support. If you’ve been thinking about how to navigate the growth and changes of a law firm,  check out this week’s episode.

Ty's practice focuses on helping businesses reorganize their financial and organizational structures inside and outside of bankruptcy. He represents business debtors, creditors, trustees, and other parties in bankruptcy courts. Ty also represents taxpayers before the U.S. Tax Court and federal agencies.

Ty is a former president of the Young Lawyers Section of the Huntsville/Madison County Bar Association, Treasurer of the Huntsville/Madison County Bar Association, a member of the Committee of 100, a graduate of Leadership Huntsville/Madison County - CONNECT Class 16, and a volunteer with the Huntsville Volunteer Lawyers Program and Wills for Heroes.

Ty has taught continuing legal education classes on creditor's rights, general bankruptcy matters, taxation of decedent estates, and Alabama sales and use taxes. He is a member of the American Bar Association Section on Taxation, the Alabama State Bar Sections on Taxation and Commercial Litigation/Bankruptcy, and the American Bankruptcy Institute.

4:02 the team

8:04 like-minded community

13:23 draw down to get a niche

16:04 refining your marketing

19:34 vision

Jim’s Hack: One of the first times talking about how my wife and I’s personalities were different was when I read a book called, Men Are From Mars, Women Are From Venus. It gave us a language to talk about without blaming each other. Today, all people who work for us complete a Kolbe A Index test.

Ty’s Tip: We all get caught up in the comparison game. By making yourself a price leader in your market, you can stand out from the crowd. If there’s one thing you can do it’s raise prices. If there’s any way you can do it, pass those costs along.

Tyson’s Tip: Go through your phone and declutter. Delete all those apps you don’t use. If you haven’t used it in the last 3 months, you’re probably not going to use it in the next 3 months, so get rid of them.

Watch the podcast here.

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