HBS Arthur Rock Center for Entrepreneurship’s Post

How do you know when your financial firm is big enough? What if you could optimize your firm for your happiness, the owner? How would it feel to build a lifestyle practice that generously supports your family and still gives you a life outside of work? A new wave of advisors is emerging. 💪 These advisors are talented, care massively about the impact they make on clients, AND… They want to build a lifestyle practice and be proud of it. Now, that sentence has two important parts: 1- A lifestyle practice. 2- Be proud of it. 💥 Here’s how I describe a lifestyle practice: You have a clear vision of what you want to earn, and that number gives you and your family a comfortable living. 💥 For me, when I set the vision for my firm, that was 100 clients with $1 million in assets or more each. This clarity gave me a vision of what to build and when to know I had done ENOUGH. In business, you and I grapple with a persistent challenge… the monster of MORE. There's always something more to tackle, create, or accomplish! But what if you knew what enough was? Imagine having a concrete grasp of the financial resources needed to build an extraordinary firm, take care of your family, and still have time to explore interests beyond your career. That’s what we'll be talking about in our one-time workshop in June! 📈 How to Build a Profitable Lifestyle Practice and Be Proud of It 🗓️ Thursday, June 20, 2024, at 11:00 a.m. Eastern (New York) Many advisors want to build meaningful and profitable firms without compromising their lives. I’ll admit, it’s a hard code to crack, but I’ve done it, and other advisors have, too. ➡ ➡ ➡ Start your free trial and get access to our workshop about how to know what “enough” is in your firm. We talk to our clients about this topic, but rarely ourselves as advisors. https://lnkd.in/dAde4zvE (Even if you can’t attend live, go ahead and sign up anyway. We’ll send you the replay afterward). Here's to freedom!

WE SHOULD ALL HAVE A PERSONAL BOARD OF ADVISORS 📝 Similar to a company's board of directors/ trustees, a Personal Board of Advisors is having a team of trusted individuals to guide you through life and work. They help you set and achieve your goals by offering ideas and supporting you. They keep you accountable with regular check-ins and feedback. By choosing advisors for your life, you are at an advantage for better problem-solving outcomes. They also provide guidance, support your personal growth by suggesting new challenges, and helping you manage your crises with calm advice. To build your board, identify areas where you need help and seek knowledgeable individuals, maintaining regular communication for continuous support. This team can be crucial to your personal and professional success. Everyone should have A PERSONAL BOARD OF ADVISORS. You are not meant to go through life alone! #PersonalDevelopment #personalgrowth

Why is it you don’t follow your own advice 🤔 This has been bugging me for sometime now. I’m a strategist - but strategy only works if we are really clear about what we want. I work with clients to help them get really specific about what they want BUT can I do that for myself, absolutely not! I think it’s because my emotions and thoughts get involved. Well I know it is. What if I don’t like the answer? Safer not to go their then? I can go into a client’s business and see all the things that are right in front of them, why ? Skill, knowledge, experience etc etc but impartiality is a major contributor to this. Being impartial allows me to take a rational view, with no preconceived ideas, no history, no emotional attachment and see what’s going on in their business at a point in time. But when it comes to myself I can’t delete everything that has got me to this moment, seemingly irrelevant information clouds my judgement preventing me taking my own advice and failing to hold myself accountable. It took an outsider to help me see what was right in front of me all along. If I am honest, I am still in disbelief at what happened last week. Thank you to the ladies that helped me take my own medicine and get really clear on what I want to achieve and what the starting point is. Now I can map out my strategy for next year. Are you ready to do the same? #entrepreneurlife #womeninbusiness #businessstrategy #businessgrowth #takeaction #makeaplan #yorkshirebusiness #northeastbusiness

𝐀𝐫𝐞 𝐲𝐨𝐮𝐫 𝐯𝐚𝐥𝐮𝐞𝐬 𝐭𝐡𝐞 𝐤𝐞𝐲 𝐭𝐨 𝐲𝐨𝐮𝐫 𝐥𝐨𝐧𝐠 𝐭𝐞𝐫𝐦 𝐬𝐮𝐫𝐯𝐢𝐯𝐚𝐥? In the Global Family Business Think Tank report published by Family Business United earlier this year, 97% of respondents said they thought that family firms with clearly defined purpose and values are more likely to survive as successful family firms than those without them. We'd go one step further and say that it’s not just about having clearly defined purpose and values. It’s more about 𝐰𝐡𝐚𝐭 𝐲𝐨𝐮 𝐝𝐨 𝐰𝐢𝐭𝐡 𝐭𝐡𝐨𝐬𝐞 𝐯𝐚𝐥𝐮𝐞𝐬 and how you 𝐞𝐧𝐬𝐮𝐫𝐞 𝐭𝐡𝐞𝐲 𝐚𝐫𝐞 𝐫𝐞𝐟𝐥𝐞𝐜𝐭𝐞𝐝 𝐞𝐯𝐞𝐫𝐲 𝐝𝐚𝐲 𝐛𝐲 𝐞𝐯𝐞𝐫𝐲𝐛𝐨𝐝𝐲 in the culture of your business. In Bev Mitchell's own words: "𝘛𝘰 𝘮𝘦, 𝘮𝘺 𝘤𝘰𝘮𝘱𝘢𝘯𝘺 𝘷𝘢𝘭𝘶𝘦𝘴 𝘢𝘳𝘦 𝘴𝘰 𝘮𝘶𝘤𝘩 𝘮𝘰𝘳𝘦 𝘵𝘩𝘢𝘯 𝘫𝘶𝘴𝘵 𝘸𝘰𝘳𝘥𝘴 𝘰𝘯 𝘮𝘺 𝘸𝘦𝘣𝘴𝘪𝘵𝘦. 𝘐 𝘭𝘪𝘷𝘦 𝘣𝘺 𝘵𝘩𝘦𝘮 𝘦𝘷𝘦𝘳𝘺 𝘥𝘢𝘺 𝘢𝘯𝘥 𝘵𝘩𝘦𝘺 𝘪𝘯𝘧𝘰𝘳𝘮 𝘦𝘷𝘦𝘳𝘺 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴 𝘥𝘦𝘤𝘪𝘴𝘪𝘰𝘯 𝘐 𝘮𝘢𝘬𝘦 𝘢𝘯𝘥 𝘵𝘩𝘦 𝘸𝘢𝘺 𝘐 𝘸𝘰𝘳𝘬 𝘸𝘪𝘵𝘩 𝘮𝘺 𝘤𝘭𝘪𝘦𝘯𝘵𝘴, 𝘴𝘶𝘱𝘱𝘭𝘪𝘦𝘳𝘴, 𝘢𝘯𝘥 𝘱𝘢𝘳𝘵𝘯𝘦𝘳𝘴. 𝘉𝘶𝘵 𝘐 𝘢𝘭𝘴𝘰 𝘳𝘦𝘤𝘰𝘨𝘯𝘪𝘴𝘦 𝘵𝘩𝘢𝘵 𝘵𝘩𝘦𝘴𝘦 𝘷𝘢𝘭𝘶𝘦𝘴 𝘮𝘢𝘺 𝘤𝘩𝘢𝘯𝘨𝘦 𝘰𝘷𝘦𝘳 𝘵𝘪𝘮𝘦 𝘢𝘴 𝘐 𝘦𝘷𝘰𝘭𝘷𝘦, 𝘵𝘩𝘦 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴 𝘦𝘷𝘰𝘭𝘷𝘦𝘴 𝘢𝘯𝘥 𝘢𝘴 𝘮𝘺 𝘤𝘭𝘪𝘦𝘯𝘵𝘴 𝘦𝘷𝘰𝘭𝘷𝘦. 𝘏𝘢𝘷𝘪𝘯𝘨 𝘢 𝘴𝘦𝘵 𝘰𝘧 𝘷𝘢𝘭𝘶𝘦𝘴 𝘪𝘴, 𝘪𝘯 𝘮𝘺 𝘰𝘱𝘪𝘯𝘪𝘰𝘯, 𝘤𝘳𝘶𝘤𝘪𝘢𝘭 𝘧𝘰𝘳 𝘢𝘯𝘺 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴 𝘣𝘶𝘵 𝘵𝘩𝘢𝘵 𝘥𝘰𝘦𝘴𝘯’𝘵 𝘮𝘦𝘢𝘯 𝘵𝘩𝘦𝘺 𝘢𝘳𝘦 𝘢 𝘱𝘳𝘦𝘤𝘪𝘰𝘶𝘴 𝘫𝘦𝘸𝘦𝘭 𝘵𝘰 𝘣𝘦 𝘩𝘦𝘭𝘥 𝘪𝘯 𝘩𝘪𝘨𝘩 𝘦𝘴𝘵𝘦𝘦𝘮 𝘣𝘶𝘵 𝘯𝘦𝘷𝘦𝘳 𝘵𝘰 𝘣𝘦 𝘵𝘰𝘶𝘤𝘩𝘦𝘥." 𝐖𝐡𝐞𝐧 𝐰𝐚𝐬 𝐭𝐡𝐞 𝐥𝐚𝐬𝐭 𝐭𝐢𝐦𝐞 𝐲𝐨𝐮 𝐫𝐞𝐯𝐢𝐞𝐰𝐞𝐝 𝐲𝐨𝐮𝐫 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐯𝐚𝐥𝐮𝐞𝐬 𝐚𝐧𝐝 𝐚𝐬𝐤𝐞𝐝 𝐢𝐟 𝐭𝐡𝐞𝐲 𝐚𝐫𝐞 𝐬𝐭𝐢𝐥𝐥 𝐫𝐞𝐥𝐞𝐯𝐚𝐧𝐭 𝐭𝐨 𝐭𝐡𝐞 𝐤𝐢𝐧𝐝 𝐨𝐟 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐲𝐨𝐮 𝐰𝐚𝐧𝐭 𝐭𝐨 𝐛𝐞? If you’re already working on leveraging your values and culture, then we wish you every success. If you know you need to do more but are not sure where to start or you know you are going to need some help, Bev would be delighted to have a conversation with you to point you in the right direction. #values #purpose #culture #employeeengagement #familybusiness #familybusinesses #seniorleadershipcoaching #coaching

You lost it. They broke down in tears. You said what you said. It’s done. You meant it. Sort of. But you’re still heated. The situation sucks, They should have known. But they didn’t, And here you are. That was yesterday. Literally. Today, this morning, it’s your move. What’s next? This is where a coach (like me) helps. Before you hit the office. If you choose, today will be different. And maybe you’ll repair what’s been broken. Maybe you'll apologize (sincerely). Maybe you’ll build them back up. Maybe your frustration will turn to motivation. Business ownership is tough. You don't need to be perfect. It's how you recover, And how you grow. P.S. Some of my clients are reading this now and are thinking “He’s telling my story.” Truth is, it’s not just you. But you (like others) chose to talk it through. You’re growing. Keep it up. P.P.S. I'm Eric Schultz. I'm one of the founding partners at Journey Alliance . We offer a unique approach to supporting business owners and their teams. It's a mix between coaching and consulting. We've been in your shoes. And I don't normally wear my hat backwards, but it seemed like a good idea for some reason in this picture. I'm still trying to figure the selfie thing out. #takearealvacation

𝐂𝐨𝐧𝐠𝐫𝐚𝐭𝐮𝐥𝐚𝐭𝐢𝐨𝐧𝐬 𝐟𝐨𝐫 𝐬𝐭𝐚𝐫𝐭𝐢𝐧𝐠 𝐲𝐨𝐮𝐫 𝐨𝐰𝐧 𝐜𝐨𝐧𝐬𝐮𝐥𝐭𝐢𝐧𝐠 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬! Seriously, this is one of the most common decisions when senior executives leave their corporate role..... 𝑌𝑜𝑢 𝑘𝑛𝑜𝑤 𝑡ℎ𝑎𝑡 𝑡ℎ𝑒 𝑑𝑒𝑐𝑖𝑠𝑖𝑜𝑛 𝑤𝑎𝑠 𝑛𝑜𝑡 𝑒𝑎𝑠𝑦! → You are leaving the known comfort zone   → You have no guarantee for an income by end of the month    → You have an enormous industry knowledge and experience → You are so far without a clear concept to whom you sell and exactly what                                                                → Clients aren't knocking on your door → You're starting to question your decision Don't worry, you didn't make a mistake. That’s just like when I was starting my entrepreneurial journey: → I left corporate life 10 years ago → I started my business back in Europe after 20 years abroad → I analyzed 10+ different reasonable business concepts  → I went through every fight with myself imaginable                             → I've been exactly where you are right now 𝐼 𝑑𝑒𝑓𝑒𝑛𝑑𝑒𝑑 𝑚𝑦 𝑑𝑟𝑒𝑎𝑚 𝑎𝑔𝑎𝑖𝑛𝑠𝑡 𝑎𝑙𝑙 𝑡ℎ𝑎𝑡 𝑑𝑒𝑚𝑜𝑛𝑠𝑡𝑟𝑎𝑡𝑒𝑑 𝑑𝑜𝑢𝑏𝑡𝑠 𝑎𝑛𝑑 𝑛𝑒𝑣𝑒𝑟 𝑡𝑟𝑖𝑒𝑑 𝑖𝑡 𝑜𝑛 𝑡ℎ𝑒𝑖𝑟 𝑜𝑤𝑛. What happened 10 years after? → I started as a solopreneur focused on Consulting & Executive Search        → I started a company to offer my business concept to executives like you  → I co-founded a SaaS platform → I became CEO of my life, decide with what, whom and where I work → I receive positive feedback from those that most questioned my decision 𝐇𝐞𝐫𝐞 𝐢𝐬 𝐭𝐡𝐞 𝐌𝐢𝐥𝐥𝐢𝐨𝐧 𝐃𝐨𝐥𝐥𝐚𝐫 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧: 𝐇𝐨𝐰 𝐝𝐨 𝐲𝐨𝐮 𝐦𝐚𝐤𝐞 𝐢𝐭, 𝐭𝐨𝐨? 𝐶𝑜𝑛𝑠𝑖𝑑𝑒𝑟 𝑤ℎ𝑎𝑡 𝑤𝑜𝑟𝑘𝑒𝑑 𝑓𝑜𝑟 𝑚𝑒. → Identify your options and long-term expectations → Create a score card, be crystal clear and honest with yourself   → Focus on one option, study whatever you can find to boost ramp up  → Analyze the benefits doing it on your own in slow motion → Analyze the benefits doing it as part of a network taking the fast track                                                             → Get started, accept all the learnings on your way and make it a success Be assured, that if I could do it, you can do it too! And I wouldn't change a thing. It was not an easy start. 𝐈 𝐬𝐭𝐚𝐫𝐭𝐞𝐝 𝐰𝐢𝐭𝐡 “𝟎” 𝐋𝐢𝐧𝐤𝐞𝐝𝐈𝐧 𝐜𝐨𝐧𝐧𝐞𝐜𝐭𝐢𝐨𝐧𝐬. Today I am connected to approx. 12,000 industry experts and business leaders. 𝑆𝑜, 𝑤ℎ𝑎𝑡 𝑎𝑟𝑒 𝑦𝑜𝑢𝑟 𝑚𝑎𝑖𝑛 𝑐𝑜𝑛𝑐𝑒𝑟𝑛𝑠 𝑔𝑒𝑡𝑡𝑖𝑛𝑔 𝑦𝑜𝑢𝑟 𝑐𝑜𝑛𝑠𝑢𝑙𝑡𝑖𝑛𝑔 𝑜𝑟 𝑐𝑜𝑎𝑐ℎ𝑖𝑛𝑔 𝑏𝑢𝑠𝑖𝑛𝑒𝑠𝑠 𝑠𝑡𝑎𝑟𝑡𝑒𝑑 𝑟𝑖𝑔ℎ𝑡 𝑛𝑜𝑤?

📝 Building Your Personal Board of Advisors 📝 In life, we all encounter complex challenges and important decisions that require guidance and support. Having a personal board of advisors can be an invaluable asset to navigate through these situations. Much like a company's board of directors, your personal board is a group of trusted individuals with diverse expertise, who provide valuable insights and perspectives. Go through the carousal for some key points to consider when assembling your own personal board of advisors Having a personal board of advisors can be a powerful tool for personal and professional growth. Embrace the diversity of perspectives and experience they bring, and let their collective wisdom guide you towards success. Remember, you don't have to navigate life's challenges alone - build your personal board and flourish together! 🌟 #PersonalAdvisors #LifelongLearning #growthanddevelopment #Aviconnects on +97474446661 and catch Avinash Deshpande on coachad.online

Here’s to another action packed week of.. Fun Pleasure Play Joy Growth Excitement Exploration Letting go Winging it Trusting the process Unlearning Becoming Experimenting Failing Laughter And acceptance. Thanks to the wonderful Zoe Walters for including me on her recommendations list today. It’s only 12:26 in the UK and I think I’ve experienced most of the things on my list above 👆 If you could choose one thing to focus on to bring more of it into your life this weekend, which one would you choose and why? Not sure where to start? Close your eyes 👀 and ask yourself the question.. What does my heart desire this week? (You have all the answers btw) My role as your coach has is to help you discover them and believe in yourself enough to make shit happen.. Every.damn.day. I have 4 spaces available for my 1:1 Confidence (rocket up your bum) Super Boost Sessions this week. One of them has your name on. Message me for details and get ready to turn your doubts into your dreams ✨ #confidencecoach #rocketfuel #superboost #youareworthy #yiudeserveit

Today, I want to share a story that might make you go, "are you crazy?" but I promise there is a very valuable lesson here. At the time of this photo, NGNG was grossing about $750,000 a year, a significant achievement for a first-time, female-owned, online service-based company albeit. However, even in the midst of this success, I was facing a plateau. My glass ceiling. My strategy was simple yet profound: build strong relationships with strategic partners who believe in me, and want to refer their network to me on a consistent basis. One such partner was Carolin, a remarkable woman with a multi-million dollar, thriving coaching business. Carolin invited me to speak at her annual conference in Las Vegas. I was thrilled, and I saw this as an opportunity for further growth. I invested heavily in preparations – taking my team and setting up a booth. I was going to offer a free website audit to every single attendee. Everything was set for a breakthrough, or so I thought... The morning of the event, as I walked into the room, I felt a sinking feeling deep within me. It was a gut instinct, a whisper telling me that I didn't belong there. In that moment, I knew to trust my intuition. Even though it made no sense to me logically, the feeling was too strong to ignore. I had to leave - immediately - before the event even began. Carolin was gracious and understanding. I walked away from the event, the speech, and all of the potential return from offering those audits. A few hours later, my 10mo old baby, mom and I were on a plane back to Denver, and the event was shut down due to the Las Vegas shooting. My mind still reels at the proximity and timing of it all. This experience taught me a valuable lesson – to continue to trust my gut instinct. In life, there are moments when we sense that we're headed in the wrong direction, and we must heed the call. Looking back, I'm thankful for making that choice. But it didn't stop there. This experience prompted me to honestly evaluate my business. I realized I had built a company where I was at the center of everything. I needed to make a change. I slowed down, focused on my strengths, and redefined my core values. I chose to scale differently, even if it meant letting go of some clients and raising prices. I share this story to emphasize that growth is not always linear. We go through valleys and plateaus, but these experiences shape us.

How do professionals become great? You get a coach. Does everybody need a coach? It's ultimately your choice. But if you want to be excellent at something, you owe it to yourself to get one. I came across this Ted Talk by Atul Gawande yesterday. I'll put the link in the comments for you so you can listen. There's multiple reasons for why you should have a coach. One of the biggest one's for me is that they'll challenge you. They'll get you to do things that you didn't think you could do. They'll make you create good habits, and lose the bad one's. They'll tell you things that you need to hear to succeed. I personally never thought I would need a coach. But in 2018 I was at a point in my career and life where I wanted more. And I needed someone to help me get there. For me that coach is Joe Lukacs. This video solidifies what a good coach can do for you. One of the most profound things that Atul says in this video is that, "it's not how good you are now, it's about how good you're gonna be that really matters". Like coach Joe said in our November planning meeting: "You don't grow by working harder and longer. You grow by thinking bigger". This video is about 17 minutes long. It's worth your time to listen. P.S. Would love to know what you thought of it. Ready to have your discovery meeting? Click book an appointment above and let's get on the calendar. --------------------------------------------------------------------------------- Most advisors start with a product to sell. We start with a person to serve. 💞 I'm a personal CFO of successful entrepreneurial attorneys and business owners. Your gonna love the way we work. We just know it. #franklyspeaking #financialplanning #protection #wealthbuilding #MPG #insureyourlovemonth #attorneys #lawfirmsuccess