The Efficient Advisor: Tactical Business Advice for Financial Planners

189: Avoiding Advisor Burnout and Functioning at Your Highest Level with Guest Spencer Sherman

May 7, 2024

Guest Spencer Sherman shares insights on avoiding advisor burnout and functioning at your highest level. Topics include finding your flow state, mindfulness exercises, turning off your to-do list mindset, creating space for clients, balancing success and 'enough', managing tasks using the Pomodoro technique, and enhancing productivity through mindfulness and focused work.

44:24

Episode guests

Spencer Sherman

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Mindfulness and emotional intelligence are crucial for advisors to create a conducive environment for clients.

Utilizing the Pomodoro technique and aligning personal values with business goals can mitigate stress.

Balancing contentment with ambition leads to sustainable business growth and client impact.

Deep dives

The Challenge of Burnout in Business

As businesses grow, the risk of getting caught up in a whirlwind of tasks and to-do lists increases, leading to a feeling of overwhelm. Advisors often reach a point where they have financial stability and team support but still lack the peace and calm they imagined. Burnout is a real issue, and strategies like automation and delegation can help, but mindset plays a significant role. Spencer Sherman and the host discuss burnout, achieving a flow state, shifting away from a to-do list mentality, and finding balance between success and contentment. Practical advice is shared to enhance listening skills and overall performance.

Introduction

4min

Rediscovering Passion and Mindful Advisorship

18min

Optimizing Client Relationships and Efficiency through Flow State Recognition

3min

Finding the Sweet Spot of 'Enough' in Financial Advisory

12min

Enhancing Business Efficiency and Meeting Objectives

2min

Improving Productivity and Combating Burnout Through Mindfulness and Focused Work

5min

Burnout is real! We all know this business can be a complete and total hamster wheel…showing up, doing the thing, and living in the tornado of your to-do list. 🌪️

In today’s episode, Libby shines the light on burnout as she talks with guest Spencer Sherman. Together, Libby and Spencer tackle some important topics, including:

Finding your flow state
Mindfulness exercises to cultivate a less reactive mind
Turning off your “to do list” mindset
Allowing more space for your clients in meetings
Finding balance between success and enough

If you’re looking to lighten the load and have more margin in your life, tune in to this week’s episode for some practical and tactical advice that will enhance your own performance and happiness. Let’s go! 🚀

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LINKS FROM THIS EPISODE

Connect with Spencer on LinkedIn Here

Learn More About the Retirement Tax Services Summit Here!

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Join the Group Coaching & Mastermind HERE!

Download the Family Tree Template Here

Enroll in The Perfect RIA Masterclass Here

Connect with Libby on LinkedIn Here!

Successful businesses don’t get built alone. You need community! You need collaboration! Join us in The Efficient Advisor Community on Facebook.

Check out more FREE resources and our FREE video library at http://www.theefficientadvisor.com

Looking for all the resources from this episode? Check out this episode’s webpage for show notes, transcripts, downloads and more!

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