A valuable article by Brett Davidson highlighting the importance of process.
In our experience lack of process hinders financial advice firms from moving forward, though many feel that process puts constraints on leveraging new opportunities.
Yet on the other side of the coin, business owners have told us that as soon as they introduced internal processes, they were actually able to 'loosen the reigns', knowing that agreed processes would support individual initiatives.
Brett is one of the good guys and well worth investing time and money with.
There’s an unseen enemy lurking within your business. It’s a lack of defined processes. Having strong systems and processes (and the two are inextricably linked, in my view) is the first step in achieving profitability and quality of life. As any business owner knows, you need time and money; one without the other is no good.