1. Strategic Vision. The strategic vision defines your ideal world. It is a statement that articulates your lifetime goals, deepest ambitions, beliefs and values. The strategic vision clearly spells out the business that you want to create and the life that you want to live. An example of a strategic vision might be: To empower my clients (and prospective clients) to reduce and eliminate their fears regarding their financial future.
2. Assess and Evaluate. With a clear strategic vision, the stage is set to lay out your business plan. Begin by assessing what worked and what didn’t in 2012. Include all of your achievements and successes. Consider in what areas you’d like to improve.
Along these lines, ClientWise has developed the Benchmark Assessment Report™(BAR™). The BAR™ allows the advisor to compare their practice to other practices across the nation across all seven areas of practice management outlined in the Professional Advisory Model™. The BAR™ produces a 45-50 page report, that an advisor or team covers with a ClientWise ICF Certified coach to produce a strategic plan for the next several months.
3. Goal-Setting 2016. With a review of the past year as data points, work on your goals for 2016. Be specific, but don’t be afraid to think big. Also, when you set your goals for next year, incorporate milestones that point you in your right direction, e.g. quarterly or mid-year goals.
5. Build Momentum. To start the year off with a bang, identify what must first be done in 2013. Plan your “absolute must-do’s” for the first quarter of 2013.
To help you build your 2013 finaancial advisor business plan, we also suggest that you consider these ClientWise Planning tools: