3min chapter

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Sustaining A Profitable Advisory Business That Allows You To Explore New Endeavors: Kitces & Carl Ep 117

Kitces and Carl - Real Talk for Real Financial Advisors

CHAPTER

The Challenges of Running a Passive Business

I think it's a pest slightly pessimistic view of the kind of advisors you could hire that would be happy running a business, not creating a new one. And with a team of four and you heard was Diamond team, where we started, it's not like we have this massive pressure on growth. We've got to grow enough to keep you the pie continuing to grow so that the profit sharing is valuable to you. Except how it continues growing, at some point you're going to break the diamond.

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