Framework For Building Processes

Pareto Systems


Pareto Systems


Nov 18, 2023

Framework For Building Processes

What sets apart a simple business from one that thrives on effectiveness and predictability? While monetary value may be attached to a simple business, it is the presence of robust systems that truly determines its worth. Are you experiencing growth, or are you making progress? Remember, growth signifies getting bigger, while progress means getting better. In this article, we will explore the invaluable difference systems can make in your financial advisory business and how to effectively craft a process using a no-brainer template.

Let me show you the template you can use to craft your own processes:

1.. Name of Process: List the name of process begin documented

2. Date: VERY IMPORTANT to change this every time the process is altered

3. Frequency:

  • When is the task to be carried out?
  • What factors determine that you should be doing it?
  • Is there a regular frequency when the actions are to be carried out?

4. Process:

  • List the specific actions in sequence, which must be taken to complete the task.
  • Explain these actions in detail.
  • Be sure to include every step necessary.

5. Scripting: If there is scripting required to complete this task add it here or attach the scripting (i.e. for longer scripts).

6. Resources:

  • Letters, Forms and Resources directly related to this task
  • Contact information for individuals, departments other companies related to this process
  • Website links to access necessary information related to this process
  • Identify where any other resources related to this task are located physically in the office or electronically (desk drawer, specific computer, shared directory file location, etc.)

The Journey from Diligence to Dividends

When you embark on your entrepreneurial journey, you invest your time and effort in establishing processes. However, as your business matures, it should begin to give back to you. If it doesn't, perhaps it's time to evaluate if you have been prioritizing growth over progress. Let's delve into how systems can transform your business into a well-oiled machine.

Unleashing the Power of Your Top Clients

As a financial advisor, you understand the 80/20 rule: 20% of your clientele generates 80% of your income. With effective processes in place, you will have more time and energy to focus on nurturing your relationships with these top clients. Building strong connections and providing exceptional service will turn them into advocates for your business. The power of systems lies in the increased referrals and introductions you will receive from your most satisfied clients.

Systems: Your GPS for Success

Imagine driving across the country armed only with a road map versus having a cutting-edge GPS system to guide you. With just a map, you're forced to stop frequently, doubting your progress and hoping you're on the right track. In contrast, a GPS provides certainty, telling you exactly where and when to turn. Systems in your business act as that GPS, coordinating your activities and eliminating uncertainty. They allow you to be responsive, make efficient midcourse corrections, and bring you closer to your goals.

The Panoramic View of Success

Systems empower you to take a panoramic view of your life and your business goals. They offer you a bird's-eye perspective, enabling you to identify opportunities, streamline operations, and optimize your time and resources. By incorporating systems, you can align your actions with your long-term vision, ensuring that you're not just growing but making meaningful progress.

In a world where businesses are constantly evolving, standing out and achieving sustainable success requires more than just growth. It necessitates progress through the power of systems. Whether you choose to leverage our CRM or create your own blueprint, remember that systems have the potential to transform your financial advisory business into a well-organized, efficient, and thriving enterprise. Embrace the difference, unlock your potential, and embark on the journey towards a business powered by systems.

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