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Clear Your Roadblocks eNewsletter | January 2010

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I Could Have Had A D-8!

Clear Your Roadblocks | January 2010

Welcome to the January 2010 edition of our Clear Your Roadblocks E-Newsletter.

This edition of our Clear Your Roadblocks E-Newsletter includes;

May you meet and exceed your goals for 2010.

clip_image002Thank you for the opportunity to be of service.

Simon Reilly

The Financial Advisor Coach

1 877 248 6019


Leading Advisor Welcome to 2010

Holidays are wonderful in many ways and from a business perspective, they cause us to get everything done because we must come face to face with each project;

  1. Deadline because the plane is leaving, there is no looking back so we have to
  2. Decide When to
  3. Do It or
  4. Delegate It or
  5. Defer It or
  6. Dump It and then it is
  7. Done in our mind so that we can leave the business
  8. Door Closed for the time that we are on holiday

So on this Sunday morning with a full and compressed coaching week ahead as we are leaving on Thursday night January 21st to Friday, February 4th I am working this weekend to walk my talk and do the above.

So what to write about in this 61st Edition of Clear Your Roadblocks, the first edition of the 6th year of writing an E-Newsletter?

It is clear that there is a new optimism in the air for 2010 as our coaching enrollment ratios have shot back up to the levels that we experienced in 2006 – 2008. You can read what our new clients are asking for in the following article; The Outcome That You Told Me That You Want To Achieve.

I suppose our enrollment ratios shot up because I stopped trying to get my unmet needs met from my prospective clients in an enrollment conversation. What you say, the teacher has unmet needs?!? Yes.

From time to time I fall out of my practice of getting my needs met from within. This was due to a challenging Fall 2009 financial advisor speaking and travel schedule along with creating a 45 page manuscript to qualify to speak at the Vancouver June 2010 Million Dollar Round Table Annual Meeting.

Unmet needs can be a good thing to provide motivation and energy in a public financial advisor speaking situation as demonstrated by these Financial Advisor Speaking Testimonials.

Unmet needs may not serve too well in an enrollment conversation causing me to make a mistake by making the enrollment conversation into another financial advisor speaking presentation.  Note to self! Simon, the prospect has already seen you speak, the value of what you are doing has been proven ( prove – an unmet need ), don’t make the enrollment conversation into another financial advisor speaking presentation – blah, blah, blah – SHUT UP!.

While I believe the economics of 2009 had something to do with our lower enrollment levels, I believe that I got caught pouring energy into a lot of financial advisor speaking presentations wearing me a little thin and I forgot that an enrollment conversation is different than a financial advisor speaking presentation.

You can read The New Enrollment Conversion that I am using below to keep me on track. As the rumblings of OMG – Fee For Service are starting in Canada with Fee For Service being close to law in the UK … what is all the fuss?  I’ve been Fee For Service forever and fear only prevails in the absence of a good script.

I believe that the other reason that our enrollment ratios shot back up is because of the work that I have been doing on creating a One Page Business Plan. The One Page Business Plan is just that … having your Vision, Mission, Objectives, Strategies and Actions where you can see it all on one page so that it is crystal clear in writing. You can see an excerpt of our One Page Business Plan below.

I’m noticing the space that I require to Combine E-Marketing With Me-Marketing by focusing on Going From ____ To ___ as demonstrated in The One Page Business Plan and finding ways to Reduce as demonstrated in The One Page Business Plan. In the past five years we have done so much E-Marketing combined with the Financial Advisor Speaking Presentation Marketing.

A lot of this work has been on a grass roots level creating a lot of credibility with financial advisors and investment advisors on a one on one basis.

This had left little room for ME-Marketing to go and visit Centers Of Influence in financial advisor and investment advisor firms so that we can come into their organizations to speak and follow through with our Clear Your Roadblocks One Day Workshop and 60 Day Coaching Program. So 2010 is the year of Me-Marketing … coming to a Career Agency and MGA near you.

I’m enjoying the system that Kim Black created to enable me to Twitter and the posts automatically go through to my Blog, FaceBook and LinkedIn all at the same time. We have received client inquires through old school friends from 35 years ago via FaceBook.

If it had not been for FaceBook I may not have immediately known that our friend Patty Tyson is home safe and sound from Haiti on a goodwill trip where the quake hit right after her arrival on the bus ride to their hotel from the airport and here is a compelling 4 minute video of an interview with Patty on The CBC National News.

On a personal side, we are packed and everything is ready to go and thank you to Laura for doing a marvelous job. I’ve got some great books in hand thanks to Books for Men (The Anti-Oprah Book Club)  and we are looking forward to a relaxing holiday break.

With my book Curing The Unmet Needs Disease in mind, I’ll leave you with this affirmation; “I have everything that I need to be successful and I will meet and exceed my goals for 2010”.

Return to the Top | Table of Contents


Leading Advisor The Outcome That You Told Me That You Want To Achieve

Here is a Mash Up of what 6 new clients told us they want to achieve;

  • Eliminate hesitancy / procrastination / become more comfortable with implementing change
  • Eliminate the past lingering beliefs
  • Get rid of your belief that some people believe that your investment advise is based on your need of earning a commission
  • Eliminate stress and worry and create peace of mind and more confidence
  • Get out of overwhelm
  • Accountability
  • Assist you with changing your attitudes and behaviors
  • Increase your confidence
  • Re-energize your business
  • Create a business plan and a set of 90 day goals and actions
  • Grow your business / assets by continuing to attract clients with $____K or more
  • Create more balance
  • Manage your time and establish stronger boundaries
  • Improve your boundaries
  • Take action
  • Easily transition from the money conversation into insurance
  • Go from referral activity ranking of 1.5/10 to 8/10
  • Ask for and receive referrals to better clients
  • Increase your income

The implementation of the above will give you;

  • More business
  • More freedom to have a life
  • More impact
  • More of a return for the effort that you are investing


Leading Advisor The New Enrollment Conversion

What are the three biggest challenges that you are facing?

1. ____________________________________________

2. ____________________________________________

3. ____________________________________________
What would be your ideal solution?

1. ____________________________________________

2. ____________________________________________

3. ____________________________________________

I have a risk free program / system that will solve your problem.

Risk free means I ask you for a deposit and if at the end of the first month you are not getting your result, your deposit is refunded

The way we go about it is we talk two – three times a month and I give you the systems to create sustainable change, there is a lot more that I can share about how we do it but right now, talking about what you want is more important.

If I could show you a way to;

1. ____________________________________________

2. ____________________________________________

3. ____________________________________________

Would we have the basis for a business relationship?

Would you be prepared to invest $_________ month initially for a two month program?

Return to the Top | Table of Contents


Leading Advisor One Page Business Plan Excerpt

A One Page Business Plan is an organic work in progress and here are some excerpts from ours to give you some ideas.
One Page Business Plan January 13, 2010
3 Year Vision
  • Grow LA into a $1,000,000 a year FA & IA coaching, speaking, workshop and publishing business by December 31, 2012

Mission

  • Provide thought leadership systems to enable visionary FA & IA to meet and exceed their goals.
Objectives 1 Year
  • Reduce non-productive coaching and prospecting time by 40%
  • Increase sales from 2 AAFC SP to 9 by Dec 31, 2010
  • Increase sales from 1 AAFC WS to 9 by Dec 31, 2010
  • Increase sales from 9 HNWIA PCC to 15 and consistently retain them by Dec 31, 2010
Strategies 1 Year
  • Focus on SP, WS and PCC products
  • Implement Time Blocking of Strategies & Actions
  • Increase Closing Ratio from 20% to 75%
  • Reduce blogging from daily to posting blogs a week in advance
  • Reduce speaking that costs a fee and travel to zero
  • Reposition the LA brand to reflect leadership, effectiveness and performance via the 10SBCP that is supported by CYR if required
  • Prospect AAFC via AAFC Marketing Plan to yield SP, WS and PCC
Action Plans 1 Year
  • Write January Time Block of Strategies & Actions Plan by January 11, 2010
  • Create Weekly Performance Tracking Report by January 11, 2010
  • Create Simon & Laura Weekly Meetings Agenda by January 15, 2010
  • Write New Prospect Call Questions by January 8, 2010
  • Write Rebrand LA Plan by February 28, 2010
  • Write AAFC Marketing Plan by January 15, 2010
< end of One Page Business Plan January 13, 2010 excerpt >
Legend
LA=Leading Advisor
FA=Financial Advisor
IA=Investment Advisor
AAFC=Association, Agencies, Firms and Companies
SP=Speaking Presentations
WS=Workshops
HNWIA=High Net Worth Independent Advisors
PCC=2 – 1hr Monthly Platinum Coaching Clients
10SBCP=10 Step Business Coaching Program
CYR=Clear Your Roadblocks
AAFC Marketing Plan
  1. ID dates when we can be in a city / region
  2. ID & Schedule W. Canada city / region
  3. ID AAFCs in city / region by searching Maximizer, prospect files and referrals
  4. Create and send direct mail / e-mail letters
  5. Call to schedule appointments
  6. Complete appointment with appointment / contact script
  7. Follow up to close contract
  8. Write a bi-monthly e-mail or hard copy of the following and send
    • Testimonials
    • Speaking Location Updates
    • Speaking Title Updates
    • Links To Articles
    • Link To Workshop Sales Page
  9. Send a Greeting Card monthly
  10. Call to follow up
  11. Connect on LinkedIn
  12. Twitter via LinkedIn
  13. Send e-newsletter

Please visit www.LeadingAdvisor.com for more Financial Advisor Resources and Training