Prepare to be wrong How do you deal with mistakes in your business? I mean the really big mistakes that probably have serious consequences for the business. For example, a mis-click that buys the wrong investment for a client, costing them money. Or a mistake that has significant negative tax …
Compliance defiance Anyone who has worked with me will know that I don’t like seeing firms getting bogged down in compliance issues. Occasionally I’ve made the odd sensationalist comment in this space, but I assure you I’m not anti-compliance. However, I am anti buying into every rule and edict put …
The keys to the kingdom Retaining clients is one of the keys to success in running a Financial Planning business. And the key to retaining clients is to retain key employees. So keeping a happy productive team together, and growing it over time is a major issue for Financial Planning …
Get with the plan In my experience some of the world’s best Financial Planning firms are based in the United States. Bob Veres of Inside Information says, “There are a handful of wealth-management firms that are informally competing to be the best managed firm in our profession, and Roy Ballentine’s …
Taking care of business Running your own business is not a job. There’s no guaranteed income. You don’t get selected to be a business owner. And it can be tough. I saw this data in a recent email from Gazelles strategic planning guru Verne Harnish: “TSheets by Quickbooks commissioned a …