4 Tips to Effectively Business Plan for 2021

As we near the end of what has been a year of high turbulence and unanticipated events, preparing for a new year can seem like an uphill battle. While it may be easy to dwell on what did not go right in 2020, this year has presented the finance industry with many silver linings. Firms that have toyed with a virtual workspace now have the wherewithal to conduct business digitally. Stale processes have been exposed and have opened the door to a renewed focus on operations. Furthermore, clients have experienced the many practical ways that they can work with their advisor in a world that is going remote.

Are You Ready to Lead a Practice?

Many advisors venture out on their own in order to grow a vibrant book of business. As the client roster grows, the need to bring on more help to manage clients also grows. But the skills that make you a great financial advisor do not make you a great practice leader. To effectively transition from the role of financial advisor to financial advisor practice leader, you need to develop several key skills.

Priorities For Each Phase of Your Practice

Your practice will go through many stages of development as you start, grow, and eventually leave the business. In order to successfully develop your practice along the way, it’s important to know where to focus your efforts and what your practice should look like in each stage.

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