THOUGHT LEADERSHIP: Profit is a Six-Letter Word
Recently, we explored the concepts of simplicity and efficiency in managing a financial advisory/planning practice. With those lessons learned – or constantly being learned, as growth is a process – the focus now turns to profitability.
While some financial advisors get into the business purely for the rush of being a “hunter” finding new opportunities, many of the best financial professionals choose the career path because they want to help people. People who help people for a living often do not think about profitability as a primary objective.