PracticePower Academy Podcast #1126 Why Advisors Fail

Last week I had the privilege of leading a private 2-day business planning event for a group of advisors in Scottsdale AZ. None of them have ever been through my business planning process. What’s unique about that event is participates can get private time with me to discuss their goals and plan for the new year.
Several had a great year in 2015 but failed to achieve their 2016 goals and most went backward. This brings me to my topic for today. What causes an advisors to go backward (fail)? Sometimes there are legitimate forces (health issues, personal issues, etc), they are in the minority. There are 2 main reasons what advisors stop growing or go backwards. First, they relax their standards. Second they assume their past success will equal future success.
In this podcast lets discuss:
  • Why standards are so important to success.
  • How to maintain or increase your standards.
  • Why assuming success can cost you millions.
  • What you see in the mirror every morning matters.
If you have a topic that you would like me to cover in future episodes, or have a questions please email me a jjl@ipginc.net

PracticePower Blog #1052 How do You Define Success?

 

Welcome to the last week of January. I keep asking myself “where did the month go?” Please make sure you continue to execute your January Monthly Game Plan and continue to make your contacts. Please refer to post #1050 if you need further detail on this. Now on to the topic of this post.

Let’s start the conversation with a very simple, yet a question many advisors that I speak with have a real challenge in answering. How would you define success for yourself? Ask yourself the same question, how clearly do you have an answer? How detailed is it? Do you use terms line “more” and “better” when you describe your goals each year?

Many advisors think of success in very narrow terms, usually production and revenue. Yes, they are part of the recipe, but only an ingredient. Let’s expand to discuss the “ultimate success” verses ’success” difference. Success to me is purely business and economic success. More production, more clients, more assets, etc. Simply put, ultimate success is defining your ideal life and lifestyle and turning that plan into your reality. When I am asked as a coach, how I determine my effectiveness, my answer is very easy. I look at how successful I have been in helping my clients envision their ideal life and turning that vision into their reality.

Why is this so important? I believe that being a financial advisor is a lifestyle choice, just like deciding to be doctor, spiritual leader, or coach. If you believe that you have a job, that will explain why you struggle to have a business. About a decade ago I realized that focusing on just making more money, you can really miss out on life. Many of my clients have built their businesses where they are balanced and sustainable. So much in fact, that we have take the typical retirement off the table and have created a “part-time” million dollar revenue model.

I believe that every advisor needs to determine and define their ideal life and business. With that in-mind I have always offered 100% free access to the first module of my 8 module business and life planning system. I invite you to spend a few hours and get clarity on your business and life.

A quick note to all PracticePower Members. Starting in February, I will be hosting a live Silver & Gold member webcast to introduce new success strategies and take your questions live. Our February Webcast will take place on Wednesday, February 18th at 4:00 pm Eastern. Please mark your calendars.

One last thing. If you are really looking for that edge in 2015, I’ll make a deal with you. If you take the time to openly and honestly to complete this evaluation form, I will schedule 30 minutes of my time over the next 30-days to meet with you over the phone to give you solutions and strategies to make 2015 your best year ever.

This Weeks BrainFood:

http://www.forbes.com/sites/travisbradberry/2015/01/20/how-successful-people-stay-productive-and-in-control/

http://addicted2success.com/quotes/images-56-inspirational-picture-quotes-that-will-motivate-your-mind/

http://youtu.be/yaBT8GH__IY

http://www.inc.com/kevin-daum/7-ways-to-cultivate-your-inner-strength.html

http://www.success.com/article/9-ways-to-say-no-to-negativity

 

Practice Power Daily Coaching Video #756 6/12/13 The Perfect Daily Game Plan

Did I get you with the title? The reality is, the concept of a perfect daily game plan is just that. A concept not reality. So many advisors sabotage themselves by creating what I call the perfect day game plan.  The problem is, there are very few perfect days in our profession. Also, please don’t forget to register for today’s Practice Power Wednesday Webinar.

Here is today’s Brain Food    Having trouble viewing this video CLICK HERE for YouTube Feed

 

Don’t Forget These Items For Today

  • Review Your Business Plan
  • Review Your Monthly Game Plan
  • Create Your Daily Game Plan
  • Ask for Introductions
  • Track Your Results Daily
  • Go to PracticePower.Net

11 Reasons to Become a Member of PracticePower Today

 

  1. Developed by Coach Joe Lukacs who has been recognized as one of the top FA coaches and has over 20 years experience.
  2. Learn how to create powerful business & life plan
  3. Learn how to create a powerful morning success ritual & daily game plan
  4. Receive coaching every business day by Coach Joe Lukacs via video coach
  5. Learn a simple referral strategy that will result in at least 50 referrals per year
  6. Breakthrough the barriers that hold you back from your success
  7. Design a system that allows you to work from anywhere
  8. Access the I-Advisor blueprint that will allow you to grow your revenue by 20% each year and have 16 weeks of strategic/down-time
  9. Track your results with our online goal tracking system
  10. Get access to hundreds of hours of E- learnings, videos, and audios
  11. Full content access as a Priemum member is less than $1.00 per day!

  http://practicepower.net/ for membership information.

Practice Power Daily Coaching Video #754 6/10/13 Staying In The Zone

Happy Monday! I hope you enjoyed your weekend. All of us have experienced some event that causes us to loose our focus, and most likely put us in a negative state. Let’s spend a few minutes today discussing strategies on how to regroup and refocus each day. Also, please don’t forget to register for this weeks Practice Power Wednesday Webinar.

 

 

Here is today’s Brain Food    Having trouble viewing this video CLICK HERE for YouTube Feed

 

Don’t Forget These Items For Today

  • Review Your Business Plan
  • Review Your Monthly Game Plan
  • Create Your Daily Game Plan
  • Ask for Introductions
  • Track Your Results Daily
  • Go to PracticePower.Net

11 Reasons to Become a Member of PracticePower Today

 

  1. Developed by Coach Joe Lukacs who has been recognized as one of the top FA coaches and has over 20 years experience.
  2. Learn how to create powerful business & life plan
  3. Learn how to create a powerful morning success ritual & daily game plan
  4. Receive coaching every business day by Coach Joe Lukacs via video coach
  5. Learn a simple referral strategy that will result in at least 50 referrals per year
  6. Breakthrough the barriers that hold you back from your success
  7. Design a system that allows you to work from anywhere
  8. Access the I-Advisor blueprint that will allow you to grow your revenue by 20% each year and have 16 weeks of strategic/down-time
  9. Track your results with our online goal tracking system
  10. Get access to hundreds of hours of E- learnings, videos, and audios
  11. Full content access as a Priemum member is less than $1.00 per day!

  http://practicepower.net/ for membership information.

 

Practice Power Daily Coaching Video #751 6/05/13 Getting the Monkey Off Your Back

A lot of times a business breakthrough needs to come from the seeds of a personal breakthrough.If you the advisor, are battling some personal demons it’s challenging if not impossible to achieve at high levels professionally. Getting the “monkey off your back”, is a strategy that I have personally witnessed many times as a key to your business breakthrough. on’t forget to register for Today’s  PracticePower webinar.

Here is today’s Brain Food    Having trouble viewing this video CLICK HERE for YouTube Feed

 

Don’t Forget These Items For Today

  • Review Your Business Plan
  • Review Your Monthly Game Plan
  • Create Your Daily Game Plan
  • Ask for Introductions
  • Track Your Results Daily
  • Go to PracticePower.Net

11 Reasons to Become a Member of PracticePower Today

 

  1. Developed by Coach Joe Lukacs who has been recognized as one of the top FA coaches and has over 20 years experience.
  2. Learn how to create powerful business & life plan
  3. Learn how to create a powerful morning success ritual & daily game plan
  4. Receive coaching every business day by Coach Joe Lukacs via video coach
  5. Learn a simple referral strategy that will result in at least 50 referrals per year
  6. Breakthrough the barriers that hold you back from your success
  7. Design a system that allows you to work from anywhere
  8. Access the I-Advisor blueprint that will allow you to grow your revenue by 20% each year and have 16 weeks of strategic/down-time
  9. Track your results with our online goal tracking system
  10. Get access to hundreds of hours of E- learnings, videos, and audios
  11. Full content access as a Priemum member is less than $1.00 per day!

  http://practicepower.net/ for membership information.

Practice Power Daily Coaching Video #747 5/30/13 Wrapping-up the Month of May

I was going to call today’s post, “How to Create a Video without a Voice”. I just want to make sure you take a moment and take a look at your May Monthly Game Plan and see what’s left to do. I would also recommend starting on your June Monthly Game Plan in the next day or so.

 

Here is today’s Brain Food    Having trouble viewing this video CLICK HERE for YouTube Feed

Don’t Forget These Items For Today

  • Review Your Business Plan
  • Review Your Monthly Game Plan
  • Create Your Daily Game Plan
  • Ask for Introductions
  • Track Your Results Daily
  • Go to PracticePower.Net

11 Reasons to Become a Member of PracticePower Today

 

  1. Developed by Coach Joe Lukacs who has been recognized as one of the top FA coaches and has over 20 years experience.
  2. Learn how to create powerful business & life plan
  3. Learn how to create a powerful morning success ritual & daily game plan
  4. Receive coaching every business day by Coach Joe Lukacs via video coach
  5. Learn a simple referral strategy that will result in at least 50 referrals per year
  6. Breakthrough the barriers that hold you back from your success
  7. Design a system that allows you to work from anywhere
  8. Access the I-Advisor blueprint that will allow you to grow your revenue by 20% each year and have 16 weeks of strategic/down-time
  9. Track your results with our online goal tracking system
  10. Get access to hundreds of hours of E- learnings, videos, and audios
  11. Full content access as a Priemum member is less than $1.00 per day!

  http://practicepower.net/ for membership information.

Practice Power Daily Coaching Video #742 5/22/13 Tracking Your Strategic Projects

I am a big fan of having a dedicated place to store all my strategic idea’s, projects, and strategies. It’s very convient to be able to access my info when I want to shift into strategic mode. Don’t forget today’s  Wednesday PracticePower webinar.

 

Here is today’s Brain Food    Having trouble viewing this video CLICK HERE for YouTube Feed

Don’t Forget These Items For Today

  • Review Your Business Plan
  • Review Your Monthly Game Plan
  • Create Your Daily Game Plan
  • Ask for Introductions
  • Track Your Results Daily
  • Go to PracticePower.Net

11 Reasons to Become a Member of PracticePower Today

 

  1. Developed by Coach Joe Lukacs who has been recognized as one of the top FA coaches and has over 20 years experience.
  2. Learn how to create powerful business & life plan
  3. Learn how to create a powerful morning success ritual & daily game plan
  4. Receive coaching every business day by Coach Joe Lukacs via video coach
  5. Learn a simple referral strategy that will result in at least 50 referrals per year
  6. Breakthrough the barriers that hold you back from your success
  7. Design a system that allows you to work from anywhere
  8. Access the I-Advisor blueprint that will allow you to grow your revenue by 20% each year and have 16 weeks of strategic/down-time
  9. Track your results with our online goal tracking system
  10. Get access to hundreds of hours of E- learnings, videos, and audios
  11. Full content access as a Priemum member is less than $1.00 per day!

  http://practicepower.net/ for membership information.

Practice Power Daily Coaching Video #741 5/21/13 How to Sabotage Your Success

It never stops amazing me how fragile our success is. Any day that you wake-up and tell yourself that you have your business and life on auto-pilot, is the first day of the slide into being average if not worse. Success is like your health. You don’t exercise once and that’s it. Don’t forget our  Wednesday PracticePower webinar.

Here is today’s Brain Food    Having trouble viewing this video CLICK HERE for YouTube Feed

Don’t Forget These Items For Today

  • Review Your Business Plan
  • Review Your Monthly Game Plan
  • Create Your Daily Game Plan
  • Ask for Introductions
  • Track Your Results Daily
  • Go to PracticePower.Net

11 Reasons to Become a Member of PracticePower Today

 

  1. Developed by Coach Joe Lukacs who has been recognized as one of the top FA coaches and has over 20 years experience.
  2. Learn how to create powerful business & life plan
  3. Learn how to create a powerful morning success ritual & daily game plan
  4. Receive coaching every business day by Coach Joe Lukacs via video coach
  5. Learn a simple referral strategy that will result in at least 50 referrals per year
  6. Breakthrough the barriers that hold you back from your success
  7. Design a system that allows you to work from anywhere
  8. Access the I-Advisor blueprint that will allow you to grow your revenue by 20% each year and have 16 weeks of strategic/down-time
  9. Track your results with our online goal tracking system
  10. Get access to hundreds of hours of E- learnings, videos, and audios
  11. Full content access as a Priemum member is less than $1.00 per day!

  http://practicepower.net/ for membership information.

 

 

Practice Power Daily Coaching Video #739 5/17/13 Not Forgetting the Big Picture

Happy Friday! As we close out another week, I want to remind you that it is so easy to get caught-up in making a living. We sometimes forget to design our life. Have a great weekend and I will see you on Monday.

 

Here is today’s Brain Food    Having trouble viewing this video CLICK HERE for YouTube Feed

Don’t Forget These Items For Today

  • Review Your Business Plan
  • Review Your Monthly Game Plan
  • Create Your Daily Game Plan
  • Ask for Introductions
  • Track Your Results Daily
  • Go to PracticePower.Net

11 Reasons to Become a Member of PracticePower Today

 

  1. Developed by Coach Joe Lukacs who has been recognized as one of the top FA coaches and has over 20 years experience.
  2. Learn how to create powerful business & life plan
  3. Learn how to create a powerful morning success ritual & daily game plan
  4. Receive coaching every business day by Coach Joe Lukacs via video coach
  5. Learn a simple referral strategy that will result in at least 50 referrals per year
  6. Breakthrough the barriers that hold you back from your success
  7. Design a system that allows you to work from anywhere
  8. Access the I-Advisor blueprint that will allow you to grow your revenue by 20% each year and have 16 weeks of strategic/down-time
  9. Track your results with our online goal tracking system
  10. Get access to hundreds of hours of E- learnings, videos, and audios
  11. Full content access as a Priemum member is less than $1.00 per day!

  http://practicepower.net/ for membership information.

Practice Power Daily Coaching Video #738 5/16/13 Raising Your Standards

I want to share with you the concept of raising standards. Most advisors believe the key to growth and success is more time and effort. What is really the key is expecting more out of yourself by raising your own personal standards of excellence.

Here is today’s Brain Food    Having trouble viewing this video CLICK HERE for YouTube Feed

Don’t Forget These Items For Today

  • Review Your Business Plan
  • Review Your Monthly Game Plan
  • Create Your Daily Game Plan
  • Ask for Introductions
  • Track Your Results Daily
  • Go to PracticePower.Net

11 Reasons to Become a Member of PracticePower Today

 

  1. Developed by Coach Joe Lukacs who has been recognized as one of the top FA coaches and has over 20 years experience.
  2. Learn how to create powerful business & life plan
  3. Learn how to create a powerful morning success ritual & daily game plan
  4. Receive coaching every business day by Coach Joe Lukacs via video coach
  5. Learn a simple referral strategy that will result in at least 50 referrals per year
  6. Breakthrough the barriers that hold you back from your success
  7. Design a system that allows you to work from anywhere
  8. Access the I-Advisor blueprint that will allow you to grow your revenue by 20% each year and have 16 weeks of strategic/down-time
  9. Track your results with our online goal tracking system
  10. Get access to hundreds of hours of E- learnings, videos, and audios
  11. Full content access as a Priemum member is less than $1.00 per day!

  http://practicepower.net/ for membership information.