delegate to grow your business Archives - Don Connelly & Associates

Are You Working in Your Business or on Your Business? The Key to Growth Is Delegation

March 13, 2023 / by Don Connelly / Best Practices / 0 comments

Growing a successful financial advisory practice is one of the most challenging endeavors anyone can choose to undertake. The road to success is riddled with the many mistakes financial advisors make along the way, such as not prospecting consistently, not marketing themselves, or failing to provide their clients with an exceptional experience. These and other mistakes are symptomatic of a much bigger mistake many advisors make: spending too much time working in their business and not enough time working on the business.

Advice for New Financial Advisors – 8 Things Veteran Advisors Wish They Knew When They First Started Out

April 20, 2020 / by Don Connelly / Best Practices / 0 comments

“Experience is the best teacher. But only a fool learns by no other.”

This is a slight misquotation of Benjamin Franklin. But the idea is sound: We all can and should learn from the mistakes and experiences of those who came before us.

And advisors are certainly making mistakes! Somewhere between 70 and 90 percent of financial advisor trainees are out of the business by their fourth year. And too many of those who survive aren’t thriving.

So we asked some veteran financial advisors what they wished they knew when they first started out in this business, or what they would do differently if they could start over. There was a lot of variation in the details, but most of them had these themes in common.

11 Must-Have First-Year Financial Advisor Goals

March 23, 2020 / by Don Connelly / Best Practices / 0 comments

It’s tough making it through your first year in the financial advisor business. It’s going to be even tougher without some specific goals to give you focus. If you set goals though, you’ll have some framework for deciding how to manage your time and money.

Your first=year financial advisor goals should be as specific as possible – so you know when you’ve achieved them. And write them down: People who write down their goals are 33% more successful at attaining them than people who keep their goals in their heads.

Here are some of the most important objectives for your first year as a financial advisor.

4 Tasks You Should Not Delegate if You Want to Grow Your Business

May 6, 2019 / by Don Connelly / Best Practices / 0 comments

In a previous post we looked at how delegating routine or specialized business tasks can help clear the way for you to focus on the important aspects of your business. In this post we’ll look at tasks that unfailingly require your personal input – here are four things that should never be taken for granted.

4 Tasks You Can Delegate to Grow Your Business

April 1, 2019 / by Don Connelly / Best Practices / 0 comments

To grow your business, you need to focus on what’s important and this generally means prospecting and meeting with clients. There will be a host of routine tasks that don’t require your continual, personal, input. Hopefully, you work with an assistant.

Identify your non-revenue generating activities – as well as activities that lie outside your core competencies – and delegate them. In this post we’ll look at 4 tasks you can and should be outsourcing – leaving you free to take on key areas of your business.