As you begin your long-term strategic planning process, you might set aside a few hours to explore what you’d like for your practice. Why did you become a financial professional in the first place, and what did you hope to achieve? If you could change anything about your day-to-day work life, what would it be? Based on this exploration you might draw up a mission statement or a list of core values.
Also, think about your vision for your practice over the next three, five or 10 years – or longer, depending on where you are in your career.
- How much money do you want to earn?
- What size client base would you like to serve?
- Is there a particular market niche that interests you?
- What kinds of products and services would you like to specialize in?
- What parts of the business would you like to focus on yourself, and which would you prefer to offload?