What You'll Learn In Today's Episode:

• Delivering value is subjective, but the objective measurement of value is when clients are willing to pay a premium fee for your services.
• A healthy profit margin is important for professional development and to weather times of volatility.
• When making a practice profitable, consider your expenses and be disciplined in making financial decisions.
• When hiring, consider your hiring plan and set benchmarks for bringing on new employees.
• Estate planning is crucial for clients and can be a valuable service to offer as a financial advisor.
• Building a strong team requires finding people whose values align with yours and providing thorough onboarding and training.

In this episode, we’re recapping the critical aspects of maximizing profitability with insights on making your practice not only sustainable but truly profitable. Discover the often overlooked importance of estate planning and how it contributes to the longevity of your success. Dive into the intricacies of hiring and team building, understanding the pivotal role a strong team plays in your business growth.