Is your back office working as efficiently as it could? This week I take a look at some of the common symptoms of back office inefficiency issues and offer a simple strategy to overcome it. The topic of back office efficiency has been in my sights of late; it always …
Displaying 447 Posts categorized under Forward Thinking
Addressing Owner Dependency
The Curse Of The High-Producing Owner In most advice businesses the Owner/Adviser is the best producer in the organisation. This can be both a blessing and a curse, and creates a degree of owner dependency. The Blessing It’s a blessing because all businesses that work have a rainmaker, who is …
Setting Your Business Vision
Everyone knows the benefit of having a clear business vision and strategy! Or do they? The benefits of a clear strategy It’s imperative for all firms to have a clear business vision and to effectively communicate that vision to their employees. Without a clear business vision, there are bound to …
Adviser, Know Thy Market: The Secret To Business Success
Know Thy Market; Don’t Be A Generalist I’ve written about this extensively, but it’s worth repeating. You have to know: Who you work with What they want How to deliver it to them Most financial planning firms are still too generalist in nature. Why? I believe it’s because they’re scared to …
Understanding Your Finances: Overhead Percentage
Last week we looked at gross profit margin. This week we’re looking at overhead percentage and how both these figures determine your eventual net profit. More importantly, you’ll see how you can use these figures to highlight key issues in your business and save months, or even years of time …