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rainier.reyes's avatar
rainier.reyes
Icon for Advisely Team rankAdvisely Team
28 days ago

Have you seen episode 1 of the Growth Masterclass?

Have you tuned in to episode 1 of our new Advisely Growth Masterclass series?

If not, I highly encourage you to check out the first episode here.

In the episode, the team at Twomeys embarks on a transformational journey to scale up as they prepare to take on more clients. Principal MatthewComan sits down with rod at Business Health to uncover the health of the business and the foundations needed to realise their ambitious plans.

This is a live thread to discuss all things relating to episode 1, so we would love to know:

Can't wait to hear your thoughts!

practice management
  • mat.tenison3's avatar
    mat.tenison3
    Icon for Advisely Board rankAdvisely Board
    15 days ago

    Hi guys, thank you for sharing this journey you've started on as it already has me questioning parts of my own business and thinking about things to consider. I think all advisers should be watching these if they haven't reviewed their processes recently. It's great to hear different experts on each area. We've updated our pricing several times in the last couple of years, however it's already got me thinking about other ways of doing it and how to price. It's also great to see Jessica running through some real examples on what xplan threads and tasks can do. I'm only 3 episodes in but look forward to seeing the remaining.

    • rainier.reyes's avatar
      rainier.reyes
      Icon for Advisely Team rankAdvisely Team
      15 days ago

      Thanks for your thoughts, mat.tenison3 ! It's so great to hear that the pricing piece has given you ideas—it's definitely a conversation that should be happening in the industry more often and more openly, too. I can imagine it's especially helpful for practices looking to grow as is the case for Twomeys and even your own practice!

      Keep your eyes peeled for next Thursday (31 Oct) when we release episodes 4-7 😉

  • mat.tenison3's avatar
    mat.tenison3
    Icon for Advisely Board rankAdvisely Board
    15 days ago

    Hi rainier.reyes , I also like the idea of mapping out the process and working out what parts of the process will be individual to the adviser or standardised across the business. This is especially important for us, having a Professional Year and it's something we've been talking about recently!

    • Tangelo's avatar
      Tangelo
      Icon for Advisely Partner rankAdvisely Partner
      14 days ago

      mat.tenison3 great idea! When we develop process maps we tend to focus on displaying swim-lanes for each role.  This approach really easily helps define the hand-offs as well as duplication across the team as well.

    • rainier.reyes's avatar
      rainier.reyes
      Icon for Advisely Team rankAdvisely Team
      15 days ago

      Agreed, mat.tenison3 , Tangelo have provided such great insights about mapping processes—and determining who exactly does what and when—for greater efficiency (case in point, check out their free checklist here if you haven't already).

      Plus, I'm sure Alisdair.Barr would agree that new entrants into the profession, like PY-ers, really appreciate and feel more supported when an advice practice has key processes documented!

  • jenny.brown's avatar
    jenny.brown
    Icon for Advisely Board rankAdvisely Board
    9 days ago

    What a great masterclass MatthewComan maximising return on staff investment. Having a goal for around 45% of revenue is great, plus a solid tech stack and operational compliance.  Appreciate the insights, gives us food for thought.

  • courtney.youngblutt's avatar
    courtney.youngblutt
    Icon for Iress Contributor rankIress Contributor
    8 days ago

    I love the idea of the masterclass - great to hear how different experts navigate each area of the advice process. Some great ideas coming through!

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