Money isn’t everything Do you ever wish you had a little bit more money to play with? Or a bit more time? I was presenting to a group of adviser/owners recently and made the statement that “Lack of cash is a blessing, not a curse.” As I expected this caused a fair few comments. It might be hard to believe, but bear with me. There’s a very good reason. The upside of limits The truth is that every single business that succeeds does so while constrained. That almost certainly means … [Read more...] about No Money? No Problem: The good side of business constraints
Sunshine and smart thinking This time of year is the perfect time to take stock of how the first half of the year has gone. Here are a few must-read articles that we shared on FP Advance’s social media this July to help you move your business forward. Take a little time out to give your brain and your business a boost. Don’t Fake It ‘Till You Make It. Do This Instead Ryan Holiday Ryan Holiday says, "What advice do we give most people? Fake it until you make it. Act the part. … [Read more...] about Gauging the Future of Financial Advisory Fees and 4 more must-reads for your business
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 consequences for a client. Most firms I know would like to think that they’ve taken steps to minimise mistakes, by designing good processes, hiring good people etc. However, big mistakes are … [Read more...] about How to Make Mistakes the Right Way
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 survey about the sacrifices business owners make, which found: 50+ hour weeks are the norm for 1 in 2 biz owners 43% have put their own money into the business 1 in 3 say their family has made … [Read more...] about Why You are More Creative Than You Think
Easy does it Ever tried to do some business with a company only to find they make the process unnecessarily difficult? I’m sure you’ve had that experience as both a business owner and in a personal consumer capacity. I was on a website recently trying to purchase something. There was nothing inherently wrong with the website, but it was proving a bit clunky and difficult to use. I quickly lost patience and just went to Amazon and bought it there. The thing is that the goalposts for … [Read more...] about How Easy Is It to Do Business with You?