It’s been quite a year, and most people would agree that it’s time to bring on Christmas and 2021.
And we are close. It’s a relief to see that in Australia, we seem to have the pandemic situation under control, whereas the UK and US are still grappling with how to contain it. Our financial recovery will be long and slow, as evidenced with the NSW budget this week, which estimates it will be 5 years before we are back in black.
For advisers, it’s also been a long, hard road - from the Royal Commission and taking exams to working with clients who have been hard hit by a pandemic. I have heard from many advisers that they are working long hours and there is no end to that in sight.
With that in mind, I thought it timely to remind advisers to set aside time to work on their own business. When I started No More Practice over 10 years ago, the idea was to show practice owners positioning their businesses for sale. Today, it’s not so much about selling as it is reshaping and creating a new, leaner business model of advice that can serve clients, stay compliant and still make money.
With this in mind, it's time to think about your own business moving forward into 2021, including;
There are many challenges ahead for us all. Just don’t forget to put yourself and your business success at the heart of your mission - otherwise you won’t be able to help everyone else.
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