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It’s commonplace for advisors to leap into exploration mode with out first slowing down and gaining readability on what they’re making an attempt to resolve for.
But the issue is that these advisors typically come away extra confused than knowledgeable.
That’s, diving into figuring out options with out a clear understanding of the issue sends most off on a lower than strategic wild goose chase.
So what’s it that advisors want to concentrate on earlier than taking conferences or calls?
What questions do it is advisable reply by yourself?
And how are you going to finally be extra strategic within the course of?
The primary of a particular two-part collection on the due diligence course of dives into what it is advisable ask your self earlier than even contemplating a transfer, together with:
- Figuring out your why—and what.
- Realizing what you actually love about your present agency—and what limits or frustrates you.
- Getting companions aligned on what’s greatest for the enterprise—and reconcile any variations.
- Understanding the true worth of a transition deal—and the way vital it’s to you.
- Establishing whether or not you need to be an worker or a enterprise proprietor—and the way a lot freedom is best for you.
- Acknowledging your considerations about making a transfer—and if portability could be a problem.
It’s about gaining a transparent understanding of your objectives to assist be sure that the due diligence course of is significant and accretive—whereas broadening your consciousness of an increasing panorama and the way the choices obtainable can probably profit you and your purchasers.
Even if you happen to aren’t contemplating change, this episode will assist to make clear your ideas about your objectives and imaginative and prescient for the long run.
Obtain the Strategic Due Diligence Roadmap
Obtain a transcript of this episode…
Take heed to extra episodes of Mindy Diamond on Independence: A Podcast for Monetary Advisors Contemplating Change
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