would you make yourself a partner?

young businessman standing on edge of rock mountain and looking acrossfive questions for self-evaluation.

by martin bissett
passport to partnership

when challenges come our way, regardless of what shape or form they arrive in, our world seems to lose a bit of brightness, there’s a little knot in the gut and a sense of peace broken.

more: four biz dev tasks to start the new year | good enough is not enough | consistency is key to business development | comfort vs. complacency | how are you showing your commitment? | five questions about your network | seven things that good advisors skip
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the question is, if we were watching our own responses to these trials, would we appoint ourselves as the next partner of the firm?

let’s examine five checkpoints to test your own, or your staffers’, abilities to overcome challenges.

the challenge is, of course, irrelevant. what is being measured here is our response to the challenges and what would happen if the existing partners of the firm were to entrust us with their livelihoods, their client base, their finances and their commitment to meeting the payroll obligation that they have each month.

the old saying that “proper planning prevents poor performance” was never more apt than here. our resolve, attitude, character, integrity, ethics and competence are examined under the microscope when challenges come calling in our careers.

checklist of partner challenges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

battles won and lost

what are some examples of challenges that you’ve overcome for/in the firm?

what are your three biggest failures in your career and what have been the key lessons that you’ve taken from them?

what health, stealth and wealth challenges do you foresee in your career? (for example stress, political infighting, legislative changes, fee pressure, etc.) and what will be your measures to combat them?

chart of health, stealth and wealth challenges