Four Phases of a Financial Advisors Business (Revisited) Podcast

If you are interested in our coaching services, and want to take your business and life to the next level, please complete a Personal Assessment. Once completed, we will call you to schedule a 45 minute consultation to discuss your business and your goals.

Personal Assessment

Check out the video podcast version of this episode on our YouTube Channel

If you want to learn more about the principles that are the core of how we help Financial Advisors get results, buy the book, The Journey, Evolution Of A Financial Advisor You can purchase it on Amazon. Great read written by Coach Ken.

Summary

In this episode of the Getting Results, Inc. podcast, Coach Gino, Coach Ken, and Coach Lauren discuss the four phases of a financial advisor’s business: Survival, Thrival, Mastery, and Purpose. They explain the characteristics and challenges of each phase and provide insights on how financial advisors can navigate through them. The conversation emphasizes the importance of adapting and evolving as the business grows and the need to set goals and make changes at each stage. The hosts also highlight the significance of discernment and aligning the business with the desired lifestyle in order to thrive. The coaches emphasize the importance of clarity, design, and seeking help from coaches to navigate these phases.

Takeaways

Financial advisors go through four phases in their business: Survival, Thrival, Mastery, and Purpose.

Survival is the initial phase where advisors are focused on gathering clients and resources to make it in the business.

Thrival is the phase where advisors start to thrive and have the ability to choose their clients and design their business to support their desired lifestyle.

Plateaus are often a signal that it’s time to make changes and move to the next phase.

Discernment and aligning the business with the desired lifestyle are key elements of thriving in each phase.

Survival is about paying the bills and building a foundation.

Mastery is about delegating tasks and building a strong team.

Purpose is driven by a deeper sense of fulfillment and making a positive impact.

Clarity, design, and seeking help from coaches are important in navigating these phases.

Sound Bites

“The parallel between graduations and the phases of a financial advisor’s business.”

“We have a challenge to continue to grow the business because we have to spend so much time managing the business we’ve already created.”

“In mastery, oftentimes this really is about building a very strong, highly proficient team around you where roles are extremely clear.”

Chapters

00:00 Introduction and Overview

03:11 Survival Phase: Gathering Clients and Resources

11:26 Thrival Phase: Designing the Business for Desired Lifestyle

15:27 Mastery Phase: Hone Skills and Achieve Goals

18:06 Purpose Phase: Success and Fulfillment

18:20 Survival: Paying the Bills and Building a Foundation

19:35 Thrival: Growing the Business and Finding Balance

25:45 Mastery: Delegating Tasks and Building a Team

29:28 Purpose: Fulfillment and Making an Impact

Tune in today to learn more about The Four Phases of a Financial Advisors business and how it will give you the Slight Edge in your business.