To Have and to Hold: Why Financial Advisement Should Be Like a Marriage

Your income is your livelihood. Your investments are the lifeblood coursing through your proverbial soul, perhaps; so it would make sense to have someone on staff under financial advisement to be as integral as possible — keyed in to the secrets of your mind and focused as one with your identity so that there will never be any hiccups in your bank accounts, trusts and estates.

Because Financial Advisement Is Like a Marriagefinancial advisor marriage

You’re not going to bed, though — obviously — with any financial advisor. Thank the good graces! But overall, the same commitment, caring and specificity that typically would exist in a marriage would exist in a business relationship between a client and an experienced financial advisor.

It would do you well to ask the right questions to find out if such an advisor can be as committed to you, providing financial advisement for months, perhaps even years. Ask, simply put, for certain examples of the financial advisor’s commitment to an account, for example. Was it difficult to manage? Was the client difficult? Was the candidate under financial advisement overwhelmed? How many current accounts does the prospective financial advisor already have?

These will provide clues as to whether or not the candidate in question for financial advisement will dedicate full-time attention to your account, however complex it may be. For when it comes to financial advisement, you want the full attention — and not divided attention from the best professionals in the business.

It’s crucial that you hear some stories about certain financial advisors backing out of an account for whatever reason — due to difficult issues, difficult clients, and other problems. You can then gauge on whether or not the candidate just might be able to handle your needs. Because you never know….

You Just Might Be a Pain in the Butt

We all are. To some degree. To our spouses, of course. That’s why marriages can relate so well. To have and to hold, in sickness and health, till death and taxes.

Why It’s Okay for Smart Startup CEOs to Outsource Certain Projects

Your plate’s only as big as your ability to use a fork and knife. Not to mention your oral cavity can only open up so wide. There’s a lot for you to swallow as a budding entrepreneur/CEO with the whole world at his or her fingertips, but the worst thing you can do is try to handle all of it at once. Don’t fall into that trap. I know you’re one of the Avengers, but seriously — you’re still human, and you have only so many hours in a day to get your business running like a well-oiled machine.

So as Smart Startup CEOs, You Have One Thing You Can Do: Outsource

Think of sites like Elance, or Fiverr, or Guru, or Freelancer.com, or any of those other places where you can pitch a project and have an independent manage it for you at minimal cost. The bonus is that startup CEOs get some flexibility, minimal need for overhead and supervision, and they can then focus on what you mainly need to target about your business.

How’s that possible? Bear in mind that when startup CEOs outsource, they’re removing all accountability on your end and allowing a true expert to manage those initiatives for you, free and clear without hassle. It’s a great convenience, worth every little penny.

Freelancers do get paid a decent amount of money given they’re independent contractors capable of juggling multiple projects all at the same time. They don’t have the specific requirements expected of them at the W-2 level, and they operate with flexibility, which may be a positive factor in the quality facet of work done. Before you know it, your projects are completed, you didn’t have to shell out insurance costs, you paid a flat fee, and you lost no time in the process.

Can You Say “Win-Win”?

Productivity is crucial when it comes to entrepreneurship and startup CEOs with the bright imaginations. Let them shine by taking away the projects other experts can handle for you. Start outsourcing. Your budding business will thank you.