Damaging Admission

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Have you ever heard the term ‘damaging admission’? It sounds like something you wouldn’t want to do, particularly not in a professional setting. But a damaging admission is not a way of destroying your or your company’s public profile. It’s quite the opposite. It’s a safe way to admit that your skills/knowledge/expertise only extends to certain areas within your role or business. You might be a ‘big-picture’ financial adviser and you rely on others to work on the detail. You might be an excellent paraplanner but struggle to use technology to help you write more efficiently. You might be in regular contact with your back-office staff but still not be across the intricacies of what each person truly does. As far as damaging admissions go, these don’t sound bad at all. They sound like the admissions of a human with self-awareness.

Admitting that you need help to finetune your business into a well-oiled machine is a great contribution to yourself and your staff. Admitting that you’re a human with flaws builds trust and integrity. In a business setting, it means you’re fully aware of the pain points and can start to seek out solutions.

And when it comes to solutions, we can help. Damaging admissions have helped us to create a comprehensive list of solutions to address common pain points of running a financial planning practice and to show you that it’s perfectly fine to ask for help. In fact, we recommend it.


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