36. 4 Stages To Building An Advisory Practice

Business Advisor Podcast

In today's episode Amanda C. Watts explores the four critical stages of building an advisory practice designed to grant you freedom and success. She shares the journey from building to scaling your practice, and why merely loving the idea of a business won't suffice. Join her to discover the pitfalls of scaling prematurely and learn how to craft a business that not only survives, but thrives with loyal clients and rewarding work.

Key Takeaways:

1. Understanding the Four Stages: Learn the essential phases every advisory practice must navigate: Build, Stabilize, Grow, and Scale. Find out how each stage impacts the next and why mastering each one is crucial to your long-term success.
2. The Pitfalls of Premature Scaling: Discover why scaling your business too quickly can lead to breakdowns. Learn how focusing on the right aspects at the right time can save your business from potential pitfalls.
3. Crafting a Freedom Practice: Uncover the secrets to creating a 'Freedom Practice' with only 21 high-value clients, significant advisory revenue, and a small, efficient team. Learn why intentionality in your business choices leads to greater satisfaction and less stress.
4. Avoiding the Monster Business Trap: Hear why a business bloated with low-paying clients and an overworked team leads to stress and limited growth. Learn how to shift your focus from quantity to quality to enhance both your professional and personal life.
5. Intentional Business Design: Get insights on how to intentionally design your business foundation to align with your life goals. Find out how choosing the right clients and services from the start can dramatically alter your trajectory towards success.
6. The Role of Marketing and Branding: Learn why consistent branding and targeted marketing are key during the stabilize and growth stages, and how these efforts can solidify your reputation and attract ideal clients.
7. Strategies for Sustainable Growth: Discover the growth strategies that matter, focusing on positioning, re-investing in your brand, and personal development to enhance your offer and increase your charges without adding stress.
8. Choosing Your Path: Understand the critical decision points that determine whether you build a freedom practice or get stuck managing a monster business. Learn why every step, from foundation to scale, must be taken with a clear, stra

Want more? Join THE FREEDOM TRIBE
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• Global Community Of Peers: CPAs, accountants, fractional CFOs, bookkeepers and finance professionals from all over the world sharing ideas, best practice and innovations with each other.
• Digital copy of Amanda's NEW BOOK, the Business Advisor Playbook: 300+ pages that will transform your approach and share the strategies you need to create, sell and deliver business advisory services.
• Digital copy of 500:200 Model™ Guide: My tried-and-tested formula for taking home at least 200K with business advisory revenue of 500K.
• 12 Days Of Business Advisory video series: that walks you through creating the perfect advisory offer.
• Hand Picked And Categorised episodes of the Business Advisor Podcast to accelerate your journey from a compliance-led to an advisory-led practice.

PLUS: There are a few other surprise bonuses that can be UNLOCKED once you are inside the community: Get Clients Course and 5 Day LinkedIn Challenge. Super excited to see you there, and looking forward to helping you achieve all that you want in life.

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