Operational efficiency is often the key to unlocking greater profitability and improving the client experience. Yet, improving your RIA’s operational efficiency can be a challenge. How do you know where to begin? Fortunately, there are some key drivers of operational efficiency. Or should I say key perspectives? In today’s entry, I’m going to look at three perspectives to drive greater efficiency in your RIA. Follow Along With The Financially Simple Podcast! This week on The Financially Simple Podcast: (2:18) The drivers of operational efficiency are actually perspectives (3:07) The owner’s perspective (11:40) The customer’s perspective (15:54) Your team’s perspective (17:35) Client’s do not come first (18:07) How do you influence operational efficiency? What is Operational Efficiency? Simply put, operational efficiency is using resources like time, people, equipment, inventory, and money in an optimized way to serve the business to a desired outcome. You’re simply aligning the resources you have […]
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