The Perfect RIA
From BHAGs to Bad Hires: The Hard Truths About Goals, Processes, and Intuition
Sep 13, 2024
Matt, an expert on advisor success, and Micah, a proponent of hard work, delve into what separates thriving advisors from those who flounder. They emphasize the necessity of a rigorous process in reaching ambitious goals. Simply wishing for success doesn't cut it; consistent effort is key. Later, Jamie discusses the invaluable role of intuition in hiring, linking it to decision-making strategies. She urges listeners to trust their instincts when assessing team fit, warning that ignoring those gut feelings can lead to conflict.
07:50
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Quick takeaways
- Successful financial advisors differentiate between real goals requiring consistent effort and mere fantasies, leading to tangible progress.
- Effective team management hinges on rigorous hiring practices and evaluating toxic employees to maintain a productive workplace environment.
Deep dives
The Importance of Setting Genuine Goals
Successful advisors distinguish between setting legitimate goals and engaging in mere fantasy. A true goal involves actively working towards it each week, requiring effort that often includes uncomfortable tasks. Advisors who succeed tend to have integrity and recognize their weaknesses, using setbacks as learning experiences. Additionally, maintaining a measurable and trackable business plan is crucial, as advisors should dedicate time each week to evaluate their progress and address any deficiencies.
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