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In any firm, practice managers are vital to ensuring business success. Without them, deadlines may not be met, quality may suffer, and business growth may slow down. Yet very few of them come to this role as experienced leaders who are excellent at walking a tightrope as they attempt to balance many plates of various responsibilities and points of view across the organisation.

Is there a better way to create a successful financial planning business? The simple answer is yes, use OKRs. Airbnb, Google, Intel, LinkedIn, Twitter, and Uber all use objectives and key results (OKRs) to drive their success. You can too. The good news for financial planning businesses is that OKRs can be easily adopted, regardless of the size of the business, without adding significant new costs or overheads. OKRs were developed in the seventies by Professor Andy Grove at I

We want to help firms build great businesses and sustain them. Being future proof is a critical part of that. Over the last months we focused a lot of our blogs on the topics of people and processes but to build future proof businesses firms need to do a lot more. We see the following areas as critical for success.

Our last blog focused on helping you work out your capacity for work using a simple calculator. This time, we are taking a deeper dive into understanding how your client numbers and other factors affect your capacity.

Do you ever feel like there isn’t enough time to get all your priorities done? It’s possible that it’s simply down to the fact that you haven’t got sufficient capacity to deal with all that you set out to do. I’m afraid that time isn’t elastic and we have a finite number of minutes, hours, days, months, and years to play with.

‘Lack of engagement from the team’ is an issue that comes up frequently and there may be a good reason why! Afterall, how often do you truly enable and empower your employees to be part of the ‘decision making’? How often do you create opportunities for solutions to be generated as part of a truly collaborative process? How often do you ask for feedback and take it onboard?

Great entrepreneurs and innovators tend to have an infinite capacity for generating ideas, but implementation is typically overlooked by them. It’s important to remember that any idea is only as good as its implementation and poor execution can kill the best of them.