- You have to be fully bought in, or it will be a waste of your time. When you're a good match for this type of career, and this industry, it will bring great opportunities for you and your family. When you try to "force fit" into this type of role, you'll ultimately flunk out.
- It's hard work to start a business, and it takes some time to fully ramp up. Not everyone is willing to put the blinders on and wait for the delayed gratification of when your practice really takes off.
- The flexibility is a huge plus for most, but a lot of people can't handle the fluid structure that's inherent to an entrepreneurial role. If you can create systems and processes to make yourself efficient, you will thrive.
- Commissions are a turn-off for most, but not for those that are built for this career. You only get paid if you are doing your job, and doing it well. Showing up and being physically present doesn't do anything for our clients / marketplace, and in turn nothing for your bank account. It doesn't matter if you're the first one to show up and the last one to leave, you earn no brownie-points for simply working hard - you have to balance that with working smart as well, and getting better as you go. If you are the best advisor, you will be paid the best, plain and simple.
- The learning curve is steep, but it's this dynamic nature that draw the select few to this career. The structured in-the-field training is key to getting you up and running as soon as possible. This allows you to quickly see if you love this career, if you're good at it, and if you see yourself working in this role for the long haul. This also allows you to shorten your runway of "startup" time and an efficiently running financial practice.