“Please, please let your team make mistakes.” That was the plea from a leading US consultant at a recent conference I attended. One of the keys to building a business that can continue to grow and perform in the long-term is creating future leaders, and it’s something that many business owners are struggling with. When you reach the latter stages of your career you can feel like you’ve arrived. That is, finally, after all these years, you know your stuff and the business is going … [Read more...] about Mistakes are a win, win situation
Uber, the American multinational ride-sharing company, grew from 400 team members to 14,000, in only 7 years. Just before he was fired by the Uber board, Travis Kalanick was facing major personal issues: “His mother had died in a boating accident that also left his father seriously injured.”1 He also faced a well-documented list of issues within Uber that were under serious public scrutiny. Apparently, while at his Dad’s hospital bedside, he penned a letter to Uber … [Read more...] about Lessons from a fallen CEO
Autumn has definitely arrived in all its splendour. While you’re breaking out the winter coats for the change in the weather, it might be time to think about making some changes to how you do business too. This October was packed with great must-read business articles that we shared on FP Advance social media. Here are five that really got me thinking, just in case you missed them. Happy Halloween and enjoy these great reads. Adviser Talk – Jon Pittham & Brett Davidson Jon … [Read more...] about Brett chats all things marketing and 4 must-reads for your business
A recent 2018 adviser survey by Schwab in the US noted that the top 20% of firms were growing at almost 15% pa (ok, it was 14.3% pa), and the remaining 80% were averaging 3.7% pa.1 If you grow at 15% pa you double the size of your business every 5 years. If you grow at 3.7% pa it takes nearly 20 years to double in size. It’s a dramatic statistic. Think of your current level of annual revenue and double it. That’s what you could be doing in 5 years. Double it again, and that’s … [Read more...] about What’s Different About The Best Firms?
Amyr Rocha-Limais one of the next generation of Financial Planners taking the profession forward. He’s also a vital part of the succession plan at Holland Hahn and Wills, a leading financial planning firm that I’ve worked with for a few years, based in Kingston upon Thames. I asked him 10 Questions so he could share some of his youthful wisdom with the FP Advance community. 1. How did you get into financial services? A friend of mine ran the coffee shop at Axa Wealth’s … [Read more...] about Advice from a Next Gen planner Sushi and Snoop Dog – Amyr Rocha-Lima’s Ten of the Best”