If your business is under pressure right now, you need to do something. Greg Brenneman, the number 1 turnaround guru in the world, has a simple playbook for managing in uncertain times. (FYI - I’ve linked to a full presentation from Greg at the end of this article, but have adapted some of his material for owner-operated financial planning firms). You Need A Plan If you are trying to turn things around in your business right now, you need a plan. I’m not talking a full Business … [Read more...] about Under pressure right now? Here’s what you need to do
Planning for Success
In business, it’s all about the results. We live in a world where the outcome is what people want to know. Nothing matters more. Except that when you really start to look at what matters it seems there are plenty of other contenders for the crown: 1. Being a trusted member of your community Well ok, maybe being a trusted member of your community matters more. If you give poor advice or sell financial products that aren’t going to give clients the long-term financial security … [Read more...] about What’s your version of success?
Have you got 2020 vision, or do you need to go to Specsavers? 2020 is going to be a huge year for all of us in the Financial Planning community. Change is accelerating at an accelerating rate. It’s scary and exciting all at the same time. Here are three themes that I expect to be huge in 2020. 1. Vision If you haven’t got a clear vision of where you want to be, and where you want to play in the future financial services world, it’s going to get tough. Clarity of vision … [Read more...] about Do you have 2020 vision?
Financial Planning firms that understand their numbers outperform those that don’t. Why? Because they can pinpoint where the issues are and fix them. They spend their time working on the right issues. Let’s Consider Profitability Are you making as much as you could or should? It’s a question every business owner asks themselves periodically. To answer that question you need to know that there are two profitability numbers to focus on; Gross Profit and … [Read more...] about Financial Planning by numbers
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