Managing Your Practice 2024 Wrapped: Practice Management Trends That Shaped the Year
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Dec 19, 2024 Guests Steven Demand, Dale Scaly, Cameron Logar, and Mark Colasso share their expertise in practice management trends that defined 2024. They dive into the significance of strategic planning and organizational efficiency while managing talent. The discussion highlights the evolving role of AI, illustrating how it complements human touch in advisory firms. They also explore effective compensation structures to retain top talent and emphasize crafting detailed client profiles for enhanced engagement. Insights on client advisory boards reveal their impact on growth strategies.
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Strategic Planning Is Key
- Create a strategic plan and write it down.
- Socialize the plan and create accountability within your business.
Mission, Vision, and Values
- Define your mission, vision, and values as guideposts.
- These guideposts inform decision-making and shape your approach.
Defining Values
- Engage the whole team when defining company values.
- Collective input ensures values resonate across the organization.
