Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Industry Spotlight > RIAs

What a Difference a Week Makes

Your article was successfully shared with the contacts you provided.

In my last blog I wrote about the feeling of being overwhelmed by all of the tasks set before me. As we all know, if there’s one thing that’s constant, it’s change. What a difference a week can make. You see, even though I still have to wear a lot of different hats, I can now see light at the end of the tunnel. Since my last posting, a new path has opened before me. A path of opportunity and it came along at just the right time. Let me explain.

A little over a year ago I met a new friend who introduced himself to me as a business consultant. Let me provide you with some background. He is a graduate of Cornell and taught at Harvard for a period of time. He has worked in the Carter White House, served under Reagan for both terms, and also the first Bush presidency. Over the years, he has had the opportunity to meet with some of the most influential people in the country. The work he was empowered to do was, in part, as a consultant on a variety of issues. He was planning to help with me a few months ago but circumstances beyond our control prevented this. Now that the path is clear, he is back in the picture and I am excited about the prospect.

Here is one way he will be able to help me. Over the past 20+ years, I have gathered a good deal of knowledge about this industry we call financial services. I have read books, attended seminars, attained designations, and diligently applied myself to my vocation. I have a compiled a lot of ideas, some of which I have implemented but many of which are still ideas or at least, in the very early stages of development. Though I possess some degree of knowledge and experience, I find with all of these moving parts, it has been a challenge bringing everything together into a cohesive plan. I was aware that I needed to create a strategic business plan but I also knew I didn’t possess the knowledge required and would have to spend time learning what to do. Of course I could buy software, some perhaps with a wizard to walk me through the process, but I didn’t know which one to buy or even if it would be any good. The bottom line, I thought I was just too busy to do it. With his assistance and guidance, we are going to craft a mission statement and a strategic business plan.

I am optimistic about what this will bring. I’ll keep you posted.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.