Profitability is critical to any business because it funds future growth, and productivity of your people is a key driver of profitability. Productivity can be devastated by high employee turnover: just as you'll know you've achieved critical mass when the departure of an employee or significant client doesn't send the business into a tailspin, the inability to absorb extra work in the short term--because there is no staff redundancy--reveals that a business is not at critical mass. For this firm, every vacation taken by an employee and every staff departure casts the business into turmoil. To resolve productivity issues, decide how big you have to be in order to minimize disruption if certain people are not present or available.
ThinkAdvisor's TechCenter is an educational resource designed to give you a competitive edge by keeping you abreast of new tech innovations and need-to-know information that can be applied to your business.
Consider the benefits of converting to a fee-based model, along with comparing it to a commission structure.
We've developed strategic and tactical workflows to help you get easy, flexible workflows to help you through most scenarios.
Let’s take a closer look at those risks and the potential impact they may have on a firm.
Dec 13, 2016
Join this complimentary webcast that will provide a deeper appreciation for these client segments and their needs, and show how advisors can offer protection and...
Dec 08, 2016
Join this complimentary webcast to hear best practices and next steps for operating effectively in the face of fiduciary regulations.
Nov 30, 2016
Join this complimentary webcast that will provide cybersecurity tips for compliantly protecting firm & client data.