Rise to the top Why do you strive to be better in your business? What is it that drives you?Seth Godin, author, entrepreneur and agent of change, said in a blog titled The Top 5%: “In every field, extraordinary benefits go to those seen as being in the top five percent. One out of 20. Sure, the biggest prizes go to the once-in-a-generation superstar. But that’s largely out of reach. It turns out, though, that if you’re thoughtful and diligent, the top 5% is attainable.” Don’t get me wrong, if … [Read more...] about Are You a Top 5% Financial Planning Firm? You Can Be
Who, not how An industry executive friend of mine has moved into a role managing a much larger team of people. The executive coach he’s working with suggested that whenever he faced an issue to resolve, he ask himself the question, “Who, not how.” The coach’s point was that when you’re the leader you don’t jump in and just do it yourself. This is the key to transitioning effectively from being a doer, to the role of leader.Peter Diamandis, serial entrepreneur and founder of the X-Prize … [Read more...] about Think Who, Not How: A better way to grow your business
Starting fresh Change is inevitable as a new year arrives, but that doesn’t have to mean change for the worse. In fact, if we move with the times, this could well be your best year so far. Here are a few articles I have found useful this month to push that New Year energy in a positive direction for 2019. Let’s start as we mean to go on. 3 Reasons Why the Financial Advisor Market Size Isn’t Actually Shrinking Michael Kitces Ever since I joined the Australian Financial Services industry in … [Read more...] about Why the Financial Advisor Market Isn’t Shrinking, and 4 more must-reads for your business
Eyes on the prize It’s accepted wisdom that setting goals is important. Yet, for most clients I work with, I’ve seen a range of different approaches fail. Let me give you some insight into what works best. The three types of goal There are different types of goals. Who knew? The BHAG First of all there’s your Big Hairy Audacious Goal (BHAG). The 10 or 15 years out version that needs to be a big stretch. By definition this one needs to be about 20% believable. Just to be … [Read more...] about Are Your Big Goals Big Enough?
Tell your team Great businesses know that an engaged team is a key part of achieving their goals, and the best way to create a truly engaged team is to communicate relentlessly with them about what’s important. Almost every firm I know could be a little better at this type of communication. At FP Advance we recommend a quarterly State of the Nation update, held with everyone in your organisation. Typically that will be a meeting of a couple of hours covering a range of areas. Here’s … [Read more...] about A Happy Team Knows the Score