Work with a Planner
Advisors are good at giving advice, but often fail to appreciate that they can derive great benefit from receiving
advice themselves. Consider working with a business coach, colleague or other practice management professional. With your personal and business objectives set, they can help you:
A. Determine if they are realistic, and
B. Help you create the action plan required to achieve.
Some general principals to consider:
- Ensure that your plan is built by incorporating a series of small steps to transition your practice. It is easier for the changes you want to become habits if you introduce them consistently, slowly, and over time.
- Set realistic and meaningful milestones. Achieving even small goals provides the positive energy required to move to the next step.
- Review your plan regularly. It isn’t uncommon for professionals to review their plan monthly as new information becomes available or your situation changes. Just like updating the wealth plan for a client, your business plan should be reviewed.
- Share your plan with colleagues or trusted business associates. They can hold you accountable to actually implementing the steps.
At the end of the day, it is your practice. It’s a cliché, but if you don’t manage your practice, your practice will start managing you. Take control by carefully evaluating where you are and defining—today—where you want to be. And, don’t wait a full year before making some of those changes.
Craig Swistun is a Vice President with CC&L Private Capital Ltd. and can be contacted at firstname.lastname@example.org. CC&L Private Capital Ltd. is an investment counseling firm that provides traditional and alternative solutions to high net worth individuals, foundations and endowments, first nations and trusts. More information about CC&L Private Capital Ltd. can be found online at http://www.cclgroup.com/cclprivatecapital/about_us.aspx
More from Craig:
Industry commentary: The secret behind building client trust
The Power of Referrals - A Fresh Perspective
The Power of Referrals - Part Two