18 Ways RIAs Can Get Unstuck & Grow
It’s time to sing a better song Planning and taking consistent action toward what you’ve planned often makes the difference between success and failure—growth and stagnation. But many people won’t plan, don’t plan, and create dozens of excuses instead. Right? You see this in your retail or institutional clients. I see it in in my advisor clients, too! Clients who get to the point where they’re ready to sit down and plan change the tune they sing. Something happens in their lives or to someone they love and they decide to kick excuses to the curb and develop a no-excuses mentality. They stop reliving the negative and move forward. They sing a new song of victory! 18 Notes RIA-CEOs Use To Sing a Better Song In a nutshell: plan, execute, measure, and adjust when necessary. Below are my “notes” for creating a better song. 1.--Speak the truth, especially about your personal and professional visions. 2.--Be ready for a new level of your destiny. 3.--Be open to new ideas as well as executing ideas differently. 4.--Change your mindset from being an advisor with a practice to being a CEO running a business. 5.--Get rid of the excuses that are holding you back by finding and trying on A, B and C solutions. 6.--Give yourself quality time to learn, read and have fun. 7.--Keep an Activity Audit for 3 months (list of each task/projects of where your time is spent). 8.--Assess your firm, target market, and pricing.