Are you looking for valuable Peer Groups?
Business Health reported “18% of Practice Principals are currently part of a peer group or study group.
While another 20 % expressed interest in joining such a group.
The power of the peer is enormous, when two minds come together, a third mind emerges: 1+1 = 3
Peer Groups done well are one of the most valuable sources of information and insight for any business owner or leader.
They are a fabulous way to connect and share information to help build successful sustainable, valuable, and meaningful businesses.
We have been running Peer Groups for Financial Planners for the last decade, in our previous corporate gig.
We ran many different peer groups to serve the needs of our advisers. Here are some ideas and examples of different peer groups that we run:
- Growing and Scaling Business and Revenue at the different stages: Startups | < $1M | > $1M | $5M.
- Mitigating Risk in your business through compliant systems and processes
- Building Businesses and solving problems at different Stages: Start Up, Growth, Plateau, Decline
- Special Peer Groups around specific projects or problems: Increased Pricing, Developing Client Value Propositions, Segmenting clients, Compliance and Regulation, Technology efficiencies, Portfolios, and managed accounts.
- Licensee & Own AFSL Showcases: a Licensees closed and we helped rehome the advisers in a place they felt a cultural fit and a sense of belonging.
- Mergers and Acquisitions Incubators: getting your business ready for sale and helping align the buyers and the sellers so they can start the conversation and prepare their business long before the sale.
- Building Future Ready businesses together via workshops
- Best Interest Duty and Compliance requirements to mitigate risks.