/ by Don Connelly / Best Practices / 0 comments
It’s natural to strive to grow your business, but too rapid a growth can bring with it a host of problems. By taking on too many clients and ‘running before you can walk’ you might damage your practice in the long run.
“The fuel of persistence is patience, the ability to tolerate delays while persisting.”
Elite advisors all share an important trait – that of patience. It doesn’t matter how good you are at your job. If you don’t see that success requires time and effort, you will remain at a mediocre level.
Here are five consequences of attempting to grow your practice too fast.
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Essential Tips for Financial Advisors to Avoid Burnout
/ by Don Connelly / Best Practices / 0 comments
It can happen to the best of us if we don’t see it coming. Few professions result in a higher burnout rate than the financial advisory business. The convergence of high-stress client interactions, economic uncertainty, performance pressures, regulatory demands, and the sheer emotional toll of the work puts financial advisors at a higher risk of chronic exhaustion and detachment that can derail their careers and personal well-being.
For advisors, managing stress is essential for maintaining a healthy balance, which is crucial for sustainable success. Here are seven actionable strategies to help you prevent burnout while staying passionate about your work:
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5 Risks You Run If You Grow Your Practice Too Fast
/ by Don Connelly / Best Practices / 0 comments
It’s natural to strive to grow your business, but too rapid a growth can bring with it a host of problems. By taking on too many clients and ‘running before you can walk’ you might damage your practice in the long run.
“The fuel of persistence is patience, the ability to tolerate delays while persisting.”
Elite advisors all share an important trait – that of patience. It doesn’t matter how good you are at your job. If you don’t see that success requires time and effort, you will remain at a mediocre level.
Here are five consequences of attempting to grow your practice too fast.
Read more
What’s The Greatest Cause of Burnout among Financial Advisors
/ by Don Connelly / Best Practices / 0 comments
Here’s a question I received from Ricardo in Portugal. He’s writing about burnout with an interesting question.
What’s the greatest cause of burnout among advisors in the United States?
I think that actually is very easy to answer. Whether it’s Los Angeles or Lisbon, it doesn’t really matter.
Listen to the audio or read the transcript below to learn what Don thinks the greatest cause of burnout among Financial Advisors is.
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