The Science of Great Business Marriage: Foundation (Part 1)

This week's post is co-authored by Kevin Condon, an associate of JHA. Please see his bio below.

When one buys or sells a firm, there are a number of key questions to consider. The “science” relies on clear cut questions with quantifiable, or at least unambiguous, answers. The “art” relies on fundamental relational skills like building trust, discernment and cultural sensitivity. Will my practice be better if I add to or join this specific practice with these demographics, this “feel,” this style?

(more…)

The following blog post The Science of Great Business Marriage: Foundation (Part 1) is republished from www.abadvisors.com

Comments

Post a Comment

Popular posts from this blog

Season’s greetings to you this holiday season!

Dear Clients and Friends: Season’s greetings to you this holiday season!            As is our tradition during December, we want to publicly thank our Creator God for His love and faithfulness! The Holiday Season is a very special time for the Jewish and Christian faiths because they share spiritual beliefs rooted in the Torah (the first five books of the Bible) and they both celebrate the experience of faithfulness of the God of Abraham, Isaac, and Jacob. Following is a brief summary of why each celebrates. HANUKKAH           In Hebrew, the word “Hanukkah” means “dedication.” In 168 B.C.E. the Greeks seized the Jews’ holy temple and dedicated it to the worship of Zeus. Some Jews were afraid of the Greek soldiers and obeyed them, but most decided to take back the temple and rededicate it to the worship of God. After three years of fighting, the Jews defeated the Greek army, despite having fewer men and weapons. After rebuilding the Temple they decided to have a large dedication c
Read more

Liminal Dimensions: Completing “Theory U”

Managing our companies provides the most strenuous leadership challenge: though owners must lead by example, they in fact cannot lead others where they themselves have not gone! Your competitive advantage as a firm is to harness the nascent future within your employees. Go beyond respecting to encouraging, celebrating and liberating your employees to bring their full selves to your firm. (more…) Liminal Dimensions: Completing “Theory U” is available on American Business Advisors in Denver
Read more

What Industry Trends Mean for the Future of Your Financial Planning Practice: Blue Ocean Spotlights Tectonic Plate Shifts

At a recent Colorado Financial Planners Association (COFPA) meeting, Sameer Somal, Blue Ocean founder, gave a sobering snapshot of things every financial advisor needs to consider: what’s next for your practice. When an industry like financial planning is undergoing rapid tectonic plate shifts, the impact of those shifts create a tsunami of change to every participant in the industry—not only advisors--especially their clients. I rarely use superlatives like “every” but consider the following profile of the financial advisory space: Average age of a financial advisor is 50+ 10% are 60 and older Of the advisors within two years of retirement age more than half do not have a written succession or contingency plan 75% of advisors have never had a third party valuation of their firm More than 40% of approximately 315,000 advisors will transition their practices over the next 15 years. Where are their successors coming from? (more…) What Industry Trends Mean for the Future of
Read more