Ep 302: Structuring Your Ideal Week To Become A Highly-Leveraged Individual Advisor With Libby Greiwe
Oct 11, 2022
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Libby Greiwe, owner of The Efficient Advisor, shares her system for running a successful advisory business in less time and with less stress. She talks about right-sizing client load, creating a model week for productivity, streamlining processes, and providing a great client experience. The importance of finding support within advisor communities and defining personal success is emphasized.
Creating a structured schedule maximizes time and energy efficiency.
Building a team and delegating responsibilities increases scalability and frees up time.
Aligning business and personal values leads to a fulfilling practice and personal life.
Narrowing focus and implementing simple systems improves efficiency.
Providing personalized and valuable client experiences creates an indispensable advisory team.
Deep dives
Defining Success and Prioritizing Presence
Libby redefines her personal definition of success, focusing on being fully present at work and at home. She aims to achieve a balance between her professional and personal life, ensuring that she is completely engaged in each area.
Implementing a Model Week for Efficiency
Libby creates a model week, a structured schedule that optimizes her time and energy. She assigns specific blocks of time for different tasks, ensuring that she is utilizing her time effectively and reducing wasted effort. This allows her to work smarter, not harder, and increases her efficiency.
Hiring and Building a Team
Recognizing the need for support, Libby hires team members to help implement her vision. She develops an organizational chart and defines roles based on the tasks that are teachable and templatable. By delegating certain responsibilities and building a team, she frees up more time for herself and increases the scalability of her practice.
Creating a Client Experience
Libby focuses on creating a specific client experience and making it a priority in her practice. She ensures that every interaction with clients aligns with her desired experience, which becomes the guiding North Star for decision-making and practice growth.
Balancing Contentment and Growth
Libby finds a balance between contentment and growth by redefining success and setting realistic goals. She strives for continuous improvement while also prioritizing a fulfilling personal life. By aligning her business and personal values, she creates a practice that provides both professional satisfaction and a full life outside of work.
Narrowing down the focus and eliminating non-essential tasks
The speaker emphasizes the importance of narrowing down the focus and eliminating non-essential tasks to work better and more efficiently. This involves identifying what is important to clients and what can be cut out, as well as implementing simple systems and processes within the business.
Choosing a niche and focusing expertise
The speaker discusses the process of choosing a niche and focusing expertise in order to better serve clients. This involves deepening knowledge in a specific area and creating templates and systems that cater specifically to that niche.
Providing a personalized and valuable client experience
The speaker emphasizes the importance of providing a personalized and valuable client experience. This involves adding concierge-level services, facilitating processes, and proactively addressing client needs, ultimately creating an indispensable advisory team.
Streamlining and organizing business operations
The speaker highlights the significance of streamlining and organizing business operations to increase efficiency and effectiveness. This includes eliminating non-value-added activities, creating quarterly themes and rotating meeting structures, and delivering information in a timely and meaningful manner.
Libby Greiwe is the owner of The Efficient Advisor, a financial advisor coaching and consulting firm based out of Ohio that focuses on helping advisors run their businesses in less time and with less stress. She does this by coaching advisors on the efficiency system that she developed by living through it herself, having grown to a $1 million revenue practice that she was able to support with a lean team and working only 25 hours per week as a busy mom.
Listen in as Libby shares how she developed the system that she now coaches other advisors on, as well as how she was able to systematize the client experience. You'll learn why she decided to sell her firm and retire at the age of 37, how she was able to right-size her client load based on how much time and energy she spent with each client, and why it’s important for advisors to find support in like-minded communities and work toward their own personal vision of success.
