The world is getting more complicated and if you don’t have a process to stay up-to-date in our industry, then you can kiss the added zero goodbye. Develop a reading plan to stay current by picking a few choice periodicals and online sources that cover key industry news and information. Good candidates include The Wall Street Journal, Financial Planning Magazine, Investment News and The Economist. Also, attend one or two industry events each year, join a coaching or networking organization to stay well-versed in running a business, visit your competitors (in a different state) and swap ideas and finally, start a mastermind group of successful entrepreneurs in your area. By being a continuous learner, you can proactively grow your business instead of reactively trying to save it when times change.
Making the leap from seven to eight figures is not easy. But if you want to make it even remotely possible, focus on these five key activities and then work tirelessly to make it happen!
Steve Sanduski, CFP®, is the Managing Partner of Peak Advisor Alliance, a financial advisor coaching and practice management resources organization. He is also a New York Times bestselling author and co-author of, Tested in the Trenches: A 9 Step Plan for Building and Sustaining a Million-Dollar Financial Services Practice. To learn more, visit, http://www.peakadvisoralliance.com/ and http://www.truewealthcommunity.com/.