Most Popular ArticlesJune 2, 2009
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As America’s 77 million baby boomers move inexorably towards their retirement, they will turn more than ever before to their financial advisor for help and guidance. How much will they need to live on in retirement? How best to secure (and then protect) it? What about all those complex taxes and social security rules?
Given the importance of the advisor, we must all ask - how well run (‘healthy’) are our businesses? Are we well-positioned for long term sustainability? Will we continue to be around for our clients when they need us most?
My company, Business Health, is a leading international practice management group. Since 2001, we have used our innovative web-based diagnostic tool (HealthCheck) to assess the "health" of hundreds of US practices. Here are some of its key findings.
As the following chart shows, 66% of US practices have been rated as "average" or "poor health." Of greatest concern is the 21% of businesses assessed as "poor health."
Strong leadership and direction will be needed if they are to be successfully addressed!
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