When your team members have outgrown the salaries they started with as they start to bring in assets and new clients, the challenge for you, as a leader, is to compensate them in a fair way with no perverse incentives — especially when you have a team with varying roles and levels of experience. Here is a model that can help you motivate team members and...
Many goal-oriented achievers tend to overcommit — and thus abandon their personal needs, such as health, family, friends, and fun. And because they are stretched so thin, they can’t give their best selves to those they promised to spend time with, whether it’s their clients or loved ones. Their professional calendar is often the culprit.
The first time I realized I needed a different kind of help in my advisory business was when I had to fork out $4,000 from my own pocket as young partner. A trade didn’t get executed because my scribbled client meeting notes sat in my stack of to-dos while the market took off. What happened?
Ask yourself two critical questions for next year’s strategic plan, as you put in your finishing touches: How will you measure your success? How will you activate your goals and hit the ground running? Use our framework to guide your process.
Albert Einstein famously said, “We cannot solve our problems with the same thinking we used when we created them.” If we want to get to our next level, we have to change our behavior. Yet, our brain is lazy and naturally efficient — and we unintentionally allow it to be our greatest obstacle.
By providing you with direction, motivation and boundaries, strategic planning allows you to live with intention – to navigate the whitewaters of life with your oars, rather than be thrown about by the vicissitudes that life hands you. Your professional life should be supported by an intentionally led personal life — the essential fuel for success.
When every day your priority is to call and meet with clients, strategic creative thinking is not going to happen. An effective Qii day frees you up — guilt-free — to focus on the big-picture items that are essential to your business. Here are our favorite Qii priorities.
Recently on the blog, we talked about the seeds of a strategic plan, which includes establishing a shared vision for your firm and team, as well as a mission that brings your vision to fruition. Now it’s time to create the structure of your plan — which is sometimes easier said than done.