This month, many advisors are working on next year’s business plans.
For many advisors, these business plans will end up like a black hole in space – lots of energy will go in and little or nothing will come out.
Causes of the “black hole” effect
There are number of things that cause business planning to fail to translate into results.
First is underestimating the impact of entrenched habits – and failing to build in routines around new initiatives emerging from the business planning process.
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This article is a guest contribution by Tom Lydon, ETFTrends.com.
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This post is a guest contribution by Mark Vitner, managing director and senior economist at Well Fargo Economics Group.
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WSJ What's News Midday, March 18, 2010by The Wall Street Journal 18 Mar 2010 at 12:10pm
U.S. consumer prices were flat in February from the previous month as higher car prices were offset by lower energy costs. Separately, jobless claims fell slightly in the latest week.
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