Stuck at a Plateau? Stop Adding, Start Cutting. With Kristin Andree

Yeah, that's a great point.

My mind goes towards like, how do I. pun intended, optimize my time, my capital, my resources.

And I think that it comes down to beginning with pinpointing some of the mistakes that I've made or that many others make that I'm trying to avoid.

Are you seeing any specific big mistakes that advisors are making today that, that are you know, that maybe they weren't making years ago, or there's just things that stand out in today's environment.

There are a couple of things.

One it's information overload.

I see that the biggest thing for me, if it, if it's somebody in one of our edge group calls or private clients, somebody will come back and the kind of the thing that I just get sick to my stomach.

So like, Oh, I went, I met with my study group and somebody said this, and they said, I have to do this.

And I'm like, Oh, Great idea doesn't fit you and your practice and your market.

So, you know, it's the ideas are plenty.

So I think it's it's information overload is mistake one.

If you don't have somebody to help you sort through the information, make sure it fits you, your style, your market, and then.

hold you to it from a implementation and execution standpoint, that's the mistake I see people make because the information's out there.

I mean, an advisor could literally go into chat GPT and say, how can I grow my practice? And you'd get a million answers.

So the mistake I see them making is like, take the information, but have somebody that can help you sift through it and make sure it fits you.

That's probably the biggest one I'm seeing.

Go

ahead, say the last statement.

The second mistake is they're trying to be all things to all people.

They have not defined their niche market enough, clearly enough.

So let's dive into that, but hold that because I do want to talk a little bit more about that.

It is interesting.

You know, there's a saying like salespeople are the easiest people to sell to once you get their ear.

I say that to say you're in these advisors are in their study group.

Look, we have to be able to sell ourselves, our business, our products, our services, all of that before we ever really have the ability to to execute and implement our wealth of knowledge.

Yeah, that's a great point.

My mind goes towards like, how do I. pun intended, optimize my time, my capital, my resources.

And I think that it comes down to beginning with pinpointing some of the mistakes that I've made or that many others make that I'm trying to avoid.

Are you seeing any specific big mistakes that advisors are making today that, that are you know, that maybe they weren't making years ago, or there's just things that stand out in today's environment.

There are a couple of things.

One it's information overload.

I see that the biggest thing for me, if it, if it's somebody in one of our edge group calls or private clients, somebody will come back and the kind of the thing that I just get sick to my stomach.

So like, Oh, I went, I met with my study group and somebody said this, and they said, I have to do this.

And I'm like, Oh, Great idea doesn't fit you and your practice and your market.

So, you know, it's the ideas are plenty.

So I think it's it's information overload is mistake one.

If you don't have somebody to help you sort through the information, make sure it fits you, your style, your market, and then.

hold you to it from a implementation and execution standpoint, that's the mistake I see people make because the information's out there.

I mean, an advisor could literally go into chat GPT and say, how can I grow my practice? And you'd get a million answers.

So the mistake I see them making is like, take the information, but have somebody that can help you sift through it and make sure it fits you.

That's probably the biggest one I'm seeing.

Go

ahead, say the last statement.

The second mistake is they're trying to be all things to all people.

They have not defined their niche market enough, clearly enough.

So let's dive into that, but hold that because I do want to talk a little bit more about that.

It is interesting.

You know, there's a saying like salespeople are the easiest people to sell to once you get their ear.

I say that to say you're in these advisors are in their study group.

Look, we have to be able to sell ourselves, our business, our products, our services, all of that before we ever really have the ability to to execute and implement our wealth of knowledge.