Manage Your Practice
Collect your thoughts. Learn how other owners address their practice management challenges.
All Articles
What Makes a Firm Great?
From Financial Planning
Added on March 2014 in Manage Your Practice
1 visitor like this article | Viewed 5302 times | 0 comment
Summary: Goal setting can have a significant impact on your firm's future organization and success. Yet traditional, rational economic theory suggests goals should focus on relatively short-term strategies - specifically, those related to expanding your business in order to make more money. This concept is deeply ingrained in our capitalist system. Business goals that are too narrowly focused, however, or have too short a time frame can create impediments to becoming a great company. How should companies change their decision-making process to propel them to enduring success? Savant Capial Management has some suggestions.
You have found your first CPA partner … Now what?
From InvestmentNews
Added on March 2014 in Manage Your Practice
1 visitor like this article | Viewed 5365 times | 0 comment
Summary: Now that you've made the decision to form a revenue-sharing relationship with an accountant, attorney, a P&C firm, or a bank/credit union professional partner, you are undoubtedly thinking about the first steps you should take in establishing this new relationship.
Don't Waste Time on Unfocused Marketing
From Financial Advisor IQ
Added on February 2014 in Manage Your Practice
1 visitor like this article | Viewed 5420 times | 0 comment
Summary: Marketing is a necessity for financial advisors, no matter how big your brand is or how much you manage, according to Beverly Flaxington, a practice-management coach in Medfield, Mass. The reason? “Because everybody Googles,” says Flaxington. “Before anyone calls you, they do a search, and if you’re an advisor who’s not getting found in Google searches, if you don’t have a functional and updated website, if you’re not seen online being quoted in articles, then people will wonder what’s wrong with you.”
Cheaper Ways to Lure Young Advisors
From Financial Planning
Added on February 2014 in Manage Your Practice
1 visitor like this article | Viewed 5429 times | 0 comment
Summary: Advisors grappling with hiring costs can take heart: Wooing and retaining young advisors goes beyond cash compensation, industry experts say. Younger workers are motivated by a variety of other factors, many of which require less upfront cash outlay. Consider including some of these benefits in your recruiting pitch.
5 Things You Must Do to Keep Your Best People
From Inc
Added on February 2014 in Manage Your Practice
1 visitor like this article | Viewed 5929 times | 0 comment
Summary: No matter how carefully you hire, inevitably your employees will differ in important ways. Some will be good-humored, intelligent, have a strong work ethic, and always be eager for new challenges. Others will be less so, or worse. You want to do everything you can to keep the first group, because they are critically important to the company's success. Here are five things you should do to retain your top performers.
