December 14, 2015
It’s 10:30 p.m. and I just got home from the gym— which seems typical these days. Having three- and six-year-old boys and a career that I really enjoy, there isn’t much free time between my youngest waking at 5:00 a.m. and when I return from the gym at 10:30 p.m. I know many of the advisors I work with feel the same way. According to the FPA Research and Practice Institute™, only 13% of advisors feel they are in complete control of their time.¹ What is their greatest perceived obstacle when it comes to feeling more productive? Trying to do too much.¹
Seeing how college is years away for my children, I started thinking about how might I be able to recoup a few hours in the day. I quickly realized there are two options that advisors have within their business that are not currently available to me— delegating and outsourcing. I can’t afford to outsource the process of herding cats to school, and if I try to delegate one more thing to my wife, I will likely find myself with all sorts of free time alone.