In this episode of "From Busy to Rich," hosts Wes Young and Justin Lakin continue the discussion around the metaphor of baking a cake to illustrate building a successful financial advisory practice. They emphasize the importance of creating a peak performance team by filling key roles such as lead advisor and project manager. They highlight the concepts of "bicycle growth" (immediate productivity boosts through hires or technology) and "bamboo growth" (sustainable, long-term development). Justin shares insights from his military experience, underscoring the impact of augmenting teams with the right personnel. Listeners are encouraged to assess their team structure and utilize provided resources for improvement.

In today’s episode we will cover:

We hope you enjoy this episode, and we would love to hear your feedback by having you leave a review. Have a question for us to answer on the podcast? Let us know here!

Link to Organizational Chart Template: A must-have tool to map out your team structure.

Link to Hiring Process Video: Featuring Stephanie and Cara, this video walks you through our hiring process and what success looks like at various milestones.

Link to Triple T Tool: Helps streamline your practice and focus on high-value activities.

If you’re an advisor and want to further explore these or other topics, you can learn more at www.wesyounglive.com. Maybe you’re interested in taking your own planning journey in a new direction, in that case we would love to have you join us in one of our coming Transform Learning Series.