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Understanding the Value of Networks in Financial Services with Julia Smith #7
Manage episode 451096039 series 3607974
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In this episode, Ryan Venner speaks with Julia Smith, a seasoned professional in financial planning and mortgage advisory. They explore the misconceptions surrounding networks in the financial services industry, the benefits of being part of a network, and the critical importance of business planning. Julia shares her insights on coaching versus mentoring, emphasising the need for accountability and clear communication in achieving business success. The conversation highlights the value of patience and regular reviews in business planning, encouraging listeners to reflect on their own practices.
Key takeaways from this episode:
- Misconceptions about networks often lead to unrealistic expectations.
- Joining a network means collaboration, not isolation.
- Networks invest in compliance and regulatory support for their members.
- Clear communication is essential for network success.
- Business planning should start with the end goal in mind.
- Regular reviews of business plans are crucial for success.
- Coaching provides accountability, while mentoring offers long-term guidance.
- Patience is key in both personal and professional growth.
- Utilising network resources can enhance business performance.
- Choosing the right network is vital for business alignment.
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