The two biggest time wasters for most financial planners are:
- They don’t plan their day
- They are disorganized physically, mentally, emotionally, and with their time
The two things that can be done to put a stop to these time wasters:
- Plan your day
- Be more organized
Sound oversimplified? Maybe, but without fixing these issues, your productivity and overall revenue can become stifled. Perhaps you’re experiencing the impact. Are you always stressed and/or feel over committed? Do you struggle to spend enough time with those you love or properly take care of your health? Does your practice feel like you’ve flat-lined and can’t move forward?
Sounds like you’ve got poor time management.
Simply put, time is money. To financial advisors, poor time management can get expensive really fast. It will show up in the bottom line as well as in the quality of your relationships.
Look at it this way: If you spend an average of just five minutes of every hour of an eight-hour day looking for things, that adds up to over four weeks per year (166+ hours).
5 minutes x 8 (hours/day) = 40 minutes a day
40 minutes a day x 5 days/week x 50 weeks/ year / 60 minutes in an hour = 166+ hours/year!
That’s over 4 weeks a year!!!!
Take your average hourly value and multiply it by 166 hours per year. That’s a lot of money out of your practice!
Can you afford to be disorganized with your space and time? I didn’t think so. Schedule the time to declutter and plan your day and soon you’ll be inspired to continue because you’ll feel like a huge weight has been lifted off your shoulders! Your productivity will improve too as well as your bottom line.
Need some help? At Productivity Uncorked, we work with financial advisors around the country who struggle with one or both of these issues (among others). Check out our website at www.ProductivityUncorked.com to explore our services and the value we bring to our clients.