Ep 344: Scaling To $5B By Going Narrow And Deep Across Multiple Business Segments At Once With Brad Barrett
Financial Advisor Success
00:00
How to Target a 30% Profit Margin at the Firm Level
We try to target a 30% profit margin. It's basically profits versus comp through salary versus gap through like revenue based. I mean, we want that old school model. We partner. And so if you want to go make, you know, another $75,000 next year, go bring on another $10 million. That's a really way with them to create their own business. So it's just there's different revenue models within each of those. As the my practice and particularly grew as the AUM grew as the revenue grew, my support also needed to grow.
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