Weight and see James Clear, master of all things habit, wrote a fantastic piece late last year called This is the Greatest Weightlifting Lesson I’ve Learned. If you are training for anything there is some great advice here. However, I think there are some principles that apply to your business for 2019 as well. Lesson 1: The difference between progress and achievement James says, “I think embracing slow and easy gains is one of the most important lessons I’ve learned. Here’s the … [Read more...] about Business Lessons from the Gym
Financial Times They are A-Changin’: Rise of the Robos
Under pressure Every so often the industry conversation returns to the threat of margin compression; fancy language for the fact that maybe you won’t be able to charge so much in the future. For Financial Planning businesses, the 1% p.a. fee model has been the bedrock. What if that comes under pressure? I’ll be honest, I’m torn on this issue. There’s lots of talk about margin compression, but I’m not yet seeing it. It’s still industry chatter, not consumer driven. However, I can see … [Read more...] about Financial Times They are A-Changin’: Rise of the Robos
5 Things to Focus on for 2019
Start afresh Whatever you do this year, don’t just start where you left off last year. In the first week or two of your return, you’ve got an opportunity to review and reset. Hopefully you’re feeling rested and refreshed after some time off; the perfect time to look at how things are going. 1. Get clear - why are you doing this? With a fresh mind, the perfect questions to be asking yourself right now are around what you are really trying to build. It goes without saying you have to earn … [Read more...] about 5 Things to Focus on for 2019
Setting Your Fees, The Truth about Hard Work, and How to Beat Big Business: Our 3 Most Popular 2018 Articles
We’ve reached the end of 2018 and you definitely deserve a break after the hard work you’ve put into your business this year. Here at FP Advance we’ve hit on some major topics to inspire, challenge and support you in growing your business this year. These three really got people talking, so we thought we’d share them again in case you missed them first time round. Have a relaxing Christmas break and here’s to great things in 2019. Are You Outrageously Expensive or Too … [Read more...] about Setting Your Fees, The Truth about Hard Work, and How to Beat Big Business: Our 3 Most Popular 2018 Articles
Five Forces that Will Shape Financial Planning in 2019
2018: The Year of Looking to the Future Wow. What a year. If you’re like me you’ve been head down from September to now. The last three and a half months after the summer break have been a sprint to the end of the year. Here are five observations from 2018: 1. Succession or Sale is looming larger To be honest, the average age of advisers has been 55 ever since I joined the industry in Australia in January 1991. I’m not sure how that works mathematically, but hey, maths was never … [Read more...] about Five Forces that Will Shape Financial Planning in 2019