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.
Every financial advisor has heard-since they got into the business-that the best and fastest way to grow your practice is through referrals. See what sets...
Learn how refocusing your business model help recharge your business’s value.
Focus working with mature clients including what are the characteristics of a sound goals-based investing method, how big is longevity risk, and a reevaluation of...
Oct 26, 2016
This complimentary webcast will cover charitable donations and planning, including some key year‐end tax considerations. We will provide an overview of the benefits of charitable...
Oct 20, 2016
Learn what critical roles document management serves for wealth management firms and their practical operational advice for running a viable business.
Oct 05, 2016
Some broker-dealers have already decided to exit certain lines of business and are sizing up how the rule will impact their IT and compliance budgets....