Practice Management Daily huddle meeting
Daily huddle meetings can potentially help financial professionals and their teams keep tasks on-track.
We believe the single greatest predictor of your short-term survival, your medium-term growth, and your long-term success is your ability as a team to collaborate and communicate effectively. Given how dynamic, volatile, and rapidly evolving our industry has become, it's your team's ability to challenge your assumptions, admit and correct your mistakes, anticipate your clients' needs, and constantly fine- tune your business model may not only ensure your survival, but also ultimately, your success.
In the past two decades-plus, we have found that our most underutilized and untapped resource is the collective intellect and insights of our teammates, which often lie dormant in even some of our most productive teams. Rather than unlock and mine this resource on a regular basis, we often allow the demands of our practices to so consume us that meaningful collaboration and conversations get swept downstream for another day. Suddenly, we look up and another year has passed, and it's time to start the fire drills all over again.
For the sake of your team, your clients, your families, and yourselves, step off the treadmill once a week, sit down with your colleagues, and as Michael E. Gerber, the best-selling author of the book, "The E-Myth Revisited: Why Most Small Businesses Don't Work"1, has taught us, "work on your business…not just in your business."
Meeting type |
Length |
Objectives |
---|---|---|
Daily huddle | ||
|
12 min |
|
Expanded Friday huddle | ||
|
20-30 min |
|
Weekly strategy meeting | ||
|
1.5 hours |
|
Semiannual developmental meeting | ||
|
|
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Source: The E-Myth Revisited: Why Most Small Businesses Don't Work, by Michael E. Gerber, published by HarperBusiness (1995). Used with permission.
Daily huddle meetings can potentially help financial professionals and their teams keep tasks on-track.
Weekly strategy meetings may help financial professionals enhance and refine their practices.
Managing a practice is all about teamwork. Learn how to create an efficient and effective team with our program, "Constructing and Managing a Synergistic Team".
To learn more about Invesco Global Consulting services and resources, you can contact us here.
Invesco Global Consulting programs are for illustrative, informational and educational purposes. We make no guarantee that participation in any programs or utilization of their content will result in increased business for any financial professional.
This does not constitute a recommendation of any investment strategy or product for a particular investor. Investors should consult a financial professional before making any investment decisions.
The opinions expressed are those of the author and are subject to change without notice. These opinions may differ from those of other Invesco investment professionals.
Note: Not all products, materials or services available at all firms. Financial professionals should contact their home offices.
Invesco Distributors, Inc. is not affiliated with Michael E. Gerber.
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