Getting the most out of staff
When you have other staff members in your business, you want to make sure they’re the right people to help your operation thrive. Crawford McGill, CFP, AAMS, a five-year MDRT...
Tag Archives: practice management
2 reasons to outsource your compliance
In 2011, Marc Berube bought another practice, and suddenly the 18-year MDRT member from Laval, Quebec, Canada, had twice as many advisors to manage. He needed help overseeing compliance work,...
4 steps to take when creating an app
Like many highly impactful endeavors, the mission started small. Gareth Alexander, Dip PFS, BSc(Hons), simply needed to expose clients to a new branded portal where they could schedule appointments and view...
An easy way to make clients feel special
When a prospect or client walks into the office for a meeting with Walton W. Rogers, ChFC, CLU, the first thing they see is a laminated sign in the lobby...
A really, really, really early client meeting
Earlier in my career, and to some extent still today, we did a lot of target marketing in different industries. One of those groups we courted was in the waste...
The first three C’s of leadership
What are the key characteristics of a leader you admire and who inspires you? The answers from around the world are highly consistent and constitute what I call the Seven...
How to succeed as a small business owner
“The mere thought of a salary, I don’t understand it,” said Eszylfie Taylor. “I’m like, what do you mean you want to get paid on the first and the fifteenth”...
Finding creative ways to stand out to your clients
I’m sure you’re quite familiar with the logo of the Ritz-Carlton Hotel — the lion facing the side with his tongue out. I imagine the board of directors spent a...
6 ways to increase the value of your business before you consider selling
The best time to consider increasing the value of your business is long before you’re ever ready to sell it. “Starting early is the best thing you can do,” said Brian...
Buying a new book of business every year
It’s not unusual for advisors to buy books of business from other advisors. It’s less common, however, for an advisor to average at least one business purchase per year. Yet Alain Poirier has been...
4 things to consider when starting a study group
If you want to either start or become a member of a study group, here are some things to keep in mind: 1. Identify a common thread to find potential members. It...
Troubleshooting meetings before you get started
One-on-one meetings rarely go from nonexistent or dysfunctional to perfect overnight. For that reason, managers should prepare to overcome a variety of obstacles. Obstacle 1: Employees question the new meeting. Solution: Reduce the surprise...
2 essential strategies for overcoming obstacles
We all know life throws obstacles at us. We either choose to absorb ourselves in them and become nonproductive, or we can choose to figure out ways to overcome them. We...
Find and keep clients by being 1% better
To stand out from the crowd of other financial professionals in your area, you don’t need to drastically overhaul everything in your practice overnight. That’s overwhelming and likely not practical....
Why I decided to outsource my staff
As we’ve changed our business plan to an RIA model, I’ve realized that I don’t want to build a huge practice. I don’t want to have to staff this and...
