Surround yourself
High quality people will get you high quality results. If full time costs too much, get some part-time experts.
Outsource
- Turn a fixed into a variable cost to incur only when fee income is generated; paraplanning is a good example
- Add skills such as professional business management
- Keep your team focussed on client meetings and technical competence.
Some easy tasks to hand out
- Regulatory compliance
- Investment management
- People management
- Business management
- Accounting and legal services
- Paraplanning
- Admin and IT
- Design and marketing
- Client research
- Office space
We know who to ask, they help us too.