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January 3, 2025
Not doing something will always be faster than doing it. In software development, engineers often remind each other that "there is no code faster than no code" - a principle that perfectly aligns with Supernova's approach to process optimization. Just as we advise advisors to eliminate or streamline activities as part of the optimizationin their practice, this philosophy extends beyond programming into every aspect of business and life. Consider meetings - no meeting goes faster than not having a meeting at all. This mirrors Supernova's emphasis on efficient and effective operations and strategic time management. While meetings are sometimes essential, we often agree to participate in gatherings that could be handled through other means or eliminated entirely. The Challenge of Yes We frequently respond with "sure thing" to requests, only to find ourselves overwhelmed days later by mounting commitments. At Supernova, we've observed this pattern across organizations of all sizes - teams become frustrated by the number of clients and obligations they voluntarily accepted. This reflects a fundamental misalignment between immediate social pressure and long-term productivity goals. The Social Complex Our tendency to agree stems from wanting to be helpful and collaborative. This is especially true in professional relationships where we anticipate future interactions - colleagues, clients, and partners. Much like Supernova's relationship-centric consulting approach, maintaining strong professional connections is vital. However, this shouldn't come at the expense of effective time management. Yes vs. No: A Matter of Magnitude While "yes" and "no" appear to be simple opposites, they carry vastly different weights in terms of commitment. This understanding forms a cornerstone of Supernova's decision-making framework. When you decline one option, you're simply saying no to that specific opportunity. However, when you accept, you're effectively saying no to every other possible use of that time. As economist Tim Harford explains, "Every time we say yes to a request, we are also saying no to anything else we might accomplish with the time." The Power of Strategic Decline Saying no isn't merely a luxury of the powerful - it's a strategy for becoming successful. Steve Jobs famously said, "People think focus means saying yes to the thing you've got to focus on. But that's not what it means at all. It means saying no to the hundred other good ideas that there are. You have to pick carefully." This approach directly mirrors Supernova's concepts of the "Maximum # of Clients" and "Minimum Assets or Revenue per Client". Following these two simple but challenging rules set the stage for consistent and long term growth of a business. Evolution of No / Practical Application As your career progresses, this strategy must continue to evolve. The opportunity cost of time increases with success - a principle Supernova emphasizes when coaching Advisors to review and update their "Max & Min" on at least an annual basis. As your career continues to advance, you must learn to decline even good client opportunities to make room for excellent ones. Prevention Over Optimization More energy is wasted on unnecessary tasks than on inefficient execution of important ones. As Peter Drucker wisely observed, "There is nothing so useless as doing efficiently that which should not be done at all." In essence, the power of no lies not in universal rejection, but in strategic declination. It's about creating space for what truly matters - a fundamental principle that drives Supernova's core concepts of Balance, Service and Growth.
September 13, 2024
Let's be honest – if you're managing $100M+ in AUM, you're probably great at taking care of your clients but struggling to find time for everything else. I've been there. Rushing from client meetings to your kid's soccer game, answering emails during family dinner, and wondering if there's a better way. There is. After three decades of working with successful advisors like you, we've discovered five critical steps to reclaim your time while growing your practice. Step 1: Stop Being Everyone's Financial Advisor: You read that right. The path to growth isn't taking on every client who comes your way. It's about serving fewer clients exceptionally well. Consider this: would you rather have 300 clients with average service or 100 clients who receive concierge-level attention? Our most successful advisors limit their practice to 100 core relationships, allowing them to provide premium service while actually working less. Step 2: Transform Your Calendar from Chaos to Control: Remember when you could predict your day? Neither do most advisors. But imagine having structured client contact through a proven 12-4-2 system: 12 monthly contacts, 4 quarterly reviews, and 2 in-person meetings annually. Per client. No more random calls or emergency meetings. Just purposeful, planned interactions that both you and your clients can count on. Step 3: Empower Your Team Through Structure: Your practice manager should be running your calendar, not the other way around. We've developed a system where your team handles 80% of the day-to-day operations, freeing you to focus on high-value activities and yes, actually leaving the office at a reasonable hour. Step 4: Create Growth Without Sacrificing Time: "But how do I grow if I'm seeing fewer clients?" Through intentional, systematic business development. Our advisors typically double their AUM within 24 months using our proven acquisition strategies – all while working fewer hours. Step 5: Become a Corporate Athlete: Success isn't about working longer hours; it's about being at your best during your working hours. We'll show you how to structure your day for peak performance, including proper recovery time for both you and your team. Here's What Actually Changes: Your calendar becomes predictable Your team becomes more engaged Your clients get better service Your growth becomes systematic Your family gets you back The best part? This isn't theoretical. This framework has been tested and refined by advisors just like you for almost three decades. It works because it was built in the real world, by real advisors who refused to accept that success required sacrifice. Think it sounds too good to be true? That's exactly what most advisors say – until they see it in action. Here's the thing: your practice should serve your life, not consume it. Your success should strengthen your relationships, not strain them. Ready to discover how? Schedule a free 30-minute consultation to learn how these principles can transform both your practice and your life. Because exceptional client service shouldn't require sacrificing what matters most. Remember: The best time to transform your practice was years ago. The second-best time is now.
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