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The Power of Practice Management Best Practices for Building a Better Advisory Business

ISBN: 9781118121177 | 1118121171
Edition: 1st
Format: Hardcover
Publisher: Bloomberg Press
Pub. Date: 2/4/2013

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A top wealth management advisory expert reveals her firm's 4-quadrant discipline for building best practices The Power of Practice Management is not a book about practice management theory; instead it offers advisors a definitive guide to running a successful, satisfying, and sell-able advisory business. Based on fifteen years of consulting and the development of a proprietary methodology of measuring success, The Power of Practice Management brings best practices proven to work in top advisory firms in the country to every financial advisor. Dispelling the myth that there is one model for success, the book focuses instead on the best practices that build better, more profitable businesses. Running a successful advisory business is about more than how you do one thing, it is about how well you do everything. The many moving parts of a business, and how they work together, play a significant role in success. Working in the trenches with advisors led author Stephanie Bogan to identify four essential business disciplines that comprise the fundamentals required to build a successful business. Moves beyond popular theories of practice management to provide the nuts-and-bolts of industry best practices and how they can be applied to help advisors achieve greater success Covers four business disciplines essential to business success: Business Planning; Human Capital; Business Development; and Operations Optimization Based on author's extensive experience working in business consulting and developing a proprietary methodology for measuring success The Power of Practice Management describes four business disciplines and details what a firm must do and have within each discipline to be successful.

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