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How Big Is Your Market?
Manage episode 433800313 series 3468348
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How Big Is Your Market?
Join our host, Toby Rosen, as we we break down the critical components of market size—Total Addressable Market (TAM), Serviceable Available Market (SAM), and Serviceable Obtainable Market (SOM)—and discuss how these insights can help you make smarter decisions about resource allocation, set achievable growth targets, and uncover new opportunities.
We explore how consistently monitoring market trends and client needs can help identify new opportunities, refine existing practices, and anticipate potential threats. This proactive approach is essential for making informed decisions regarding practice expansion, technology investments, and marketing strategies. In an industry where change is constant, regular market analysis keeps you agile and responsive, ensuring your firm doesn't just survive but thrives.
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Chapters
1. How Big Is Your Market? (00:00:00)
2. Assessing Legal Services Market Size (00:00:05)
3. Continuous Market Analysis for Legal Growth (00:13:35)
118 episodes
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