How Financial Advisors Can Effectively Handle Adversity

 

Hello and welcome to The Magellan Network Show. I’m excited to be back from Utah, where I had a great time shooting some new content for you all. We made it through the hurricanes, and now it's full steam ahead as we push toward the end of the year!

For today’s episode, I want to dive into adversity—it's not a popular or fun topic, but it's something we all face, especially when building a business. I'll show you how to reframe adversities to stay effective and share strategies to either reduce their impact or push through them to the other side.

I also discussed the following:

(01:27) The two basic types of adversity
(04:49) How a mindset shift can help you overcome eternal adversities
(09:36) The importance of having a written game plan for business disasters
(15:01) What advisors should think of when dealing with internal adversities
(15:20) A simple 5-minute strategy to break down adversity and find solutions
(20:28) Why advisors should never let clients dictate their business

Related: How Mastermind Groups Empower Financial Advisors for Success