Financial Advisors: whether you know it or not, you already exist in a billable hours world. And in fact, you always have. Historically, you may not have calculated your income on a billable hours basis, but ultimately, the success of your advice business has always come down to what you make per hour. The equation is simple: how much your advice makes you per year / how many hours a year you work. So, if you work 200 days per year, 8 hours a day (I know, most of you don't work these part-time hours, but go with me on this), you have 1,600 billable hours per year. If you make $480,000 in revenue, with $240,000 in costs (other than your wages), leaving you with $240,000 profit, you are billin
NEWS & UPDATES
Picture this: You have been given a new job. That job has processes for which you are responsible. How do you learn what you need to do down to the finest detail? “Go to the Document Management System” (DMS), your colleagues intone. “It is our business bible – the font of all knowledge”. Now, to be fair, I have never come across a DMS that has everything you will ever need to know already in it. However, I’m going to assume that your DMS is somehow magically completely up to date, and that everything you need to know is in there somewhere. But how do you find what you are looking for? You’d ask the previous person responsible – but they became a movie cliché last week as they were walked fro