Business Coach

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DaDonald's picture
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Joined: 2007-01-10

Recently met with the owner of Creative Management Group out of Atlanta. They are business consultants that specialize in working with FAs. They have a pretty impressive set of graphs that show success in helping Advisors double production in about 2 years.
Has anyone worked with them?
How did it go?
Any others?
The program isn't rocket science... we already know the strategies. Their strategy is to keep the Advisor on track and make their practice more efficient.
Any input would be appreciated.
 

Wet_Blanket's picture
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Joined: 2008-11-13

Impressive graphs???  Sign me up.

Spaceman Spiff's picture
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Joined: 2006-08-08

DaDonald wrote:Recently met with the owner of Creative Management Group out of Atlanta. They are business consultants that specialize in working with FAs. They have a pretty impressive set of graphs that show success in helping Advisors double production in about 2 years.
Has anyone worked with them?
How did it go?
Any others?
The program isn't rocket science... we already know the strategies. Their strategy is to keep the Advisor on track and make their practice more efficient.
Any input would be appreciated.
 
 
Then keep your money in your pocket.  Make your phone calls, have your appointments,  don't waste time, be efficient.  You already know what you can do to make your practice better.  It's not rocket science, but even rockets don't fire themselves.   
 
That'll be $5000.  
 

DaDonald's picture
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Joined: 2007-01-10

I appreciate your comments - however, your witty responses are nothing that I haven't already thought of - Believe me, I didn't just fall off the truck and I understand how consultants work.
Let me rephrase:
Does anyone have personal experience with Creative Management Group Inc?
If so - how did it go?
Did you learn anything new?
Did the guidance grow your book?
 
thank you

SometimesNowhere's picture
Joined: 2008-12-22

No experience with them. However, to echo advice already given in a different pitch, if you need a Business Coach you are in the wrong business.

BerkshireBull's picture
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Joined: 2009-06-10

I just checked out their website and it looks like they're developing some top talent down there!http://creativemanagementgrp.com/models_home.htmThey also have an impressive clientele!  http://creativemanagementgrp.com/models/

no idea's picture
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Joined: 2005-11-15

nice work berk!

Ron 14's picture
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Joined: 2008-07-10

I am pretty sure you can make a lot more money being a successful advisor than by coaching them. If they knew what it took to be a successful advisor they would be one. My advice would be get to work, ask questions of veterans at your firm, and ask guys on this site questions for free. Plenty will share some high quality ideas.

thunderkwb's picture
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Joined: 2007-08-31

BerkshireBull wrote: I just checked out their website and it looks like they're developing some top talent down there!http://creativemanagementgrp.com/models_home.htmThey also have an impressive clientele!  http://creativemanagementgrp.com/models/
 
WOW! What impressive graphs they have!

DaDonald's picture
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Joined: 2007-01-10

Again, thanks for all of the hillarity. However, only one 'contributor' to this thread actually responded  to my question. I'm not asking whether or not a business consultant is a good idea, I'm asking whether anyone in here has experience with this particular outfit... and I really do appreciate all of the 'quips' (and yes, I found the model website when I googled the company... and thought, Hey, I like this!).
 
Sometime Nowhere - I agree with your nic. Everybody has a strong suit - I've been able to maintain a high quintile ranking my entire career - so there is no question as to whether I'm cut out for this business. Just because I want to grow my practice by hiring someone who specializes in business growth has nothing to do with whether I'm in the right business or not. That's as short-sighted as saying that a professional athlete doesn't need an agent or attorneys to find and negotiate a new deal with another professional team. I know how to do my job - I do it well - I just want to accellerate and elevate my practice with the help of a specialist.
 
Bottom line: At the risk of more friendly fire, I'll try this one more time - I'm not asking if hiring a business consultant/coach is a good idea. I am asking if anyone has any experience with this particular consulting firm... and whether they worked for them or not.
 
thanks!

Ron 14's picture
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Joined: 2008-07-10

DaDonald wrote:Again, thanks for all of the hillarity. However, only one 'contributor' to this thread actually responded  to my question. I'm not asking whether or not a business consultant is a good idea, I'm asking whether anyone in here has experience with this particular outfit... and I really do appreciate all of the 'quips' (and yes, I found the model website when I googled the company... and thought, Hey, I like this!).
 
Sometime Nowhere - I agree with your nic. Everybody has a strong suit - I've been able to maintain a high quintile ranking my entire career - so there is no question as to whether I'm cut out for this business. Just because I want to grow my practice by hiring someone who specializes in business growth has nothing to do with whether I'm in the right business or not. That's as short-sighted as saying that a professional athlete doesn't need an agent or attorneys to find and negotiate a new deal with another professional team. I know how to do my job - I do it well - I just want to accellerate and elevate my practice with the help of a specialist.
 
Bottom line: At the risk of more friendly fire, I'll try this one more time - I'm not asking if hiring a business consultant/coach is a good idea. I am asking if anyone has any experience with this particular consulting firm... and whether they worked for them or not.
 
thanks!
 
That is a terrible analogy. A professional athlete is hiring an agent because he doesn't have any experience on the legal side of things. What you are doing is hiring someone to help you do something that you are already succeeding at. Something that they probably can't do themselves. Do you think Peyton Manning has hired someone to help him read defenses ? If you are looking for help I think a Ron Carson program or Nick Murray's newest book would be your best bet. They have actually done it.

CashFlow's picture
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Joined: 2008-08-05

Come on guys.  Professional athletes do hire specialist/trainers to help make them better athletes.  Having a coach can be a good idea, but I have no knowledge or experience with that particular company.  I have heard good things from Matt Oeschli (sp?).

thunderkwb's picture
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Joined: 2007-08-31

I agree, what a horrible analogy, you should quite right now and give all you business to the guy in the next office. 

etj4588's picture
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Joined: 2008-08-18

Before going indy, I worked at a regional wire.  My firm negotiated a contract for discounted coaching from these guys.  I paid about $100 per month for a bi-weekly 30 minute coaching call.  Here are my thoughts...
1.  As most said, they aren't going to tell you anything you don't already know.
 
2.  The coach assigned to me did not impress me as having an in-depth knowledge of our industry or what we do day to day as FAs.
 
3.  They want you to spend a lot of time writing out business plans, marketing plans, daily action plans, COI sheets, etc. before each call.
 
Although I didn't know it at the time, I was not yet ready for a coach.  You know you need a coach when you have questions that you can't answer by yourself.  Simply wanting to double your production is not reason enough to hire a coach. 
 
Bottom line - if you are not comitted to doing everything CGM says, you will waste your money.  I do think a coach is a great idea, but I don't think these guys are that great at what they purport to do.
 
If you are looking for a coach, I recently had the privilege of meeting Matt Oechsli one-on-one.  Oechsli has revolutionized my firm's business and is responsible for the growth we've had.  Innovative ideas, absolutely no BS, totally understands the industry and the FA.  He is the only coach I would consider.  My advice to you, when you are ready, is to read everything he has written, go to his Rainmaker weekend, and then hire him as a coach.  Expensive, but you get what you pay for.
 
my two cents

DaDonald's picture
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Joined: 2007-01-10

Dear Thunder... thanks for the input. I value it tremendously, but question your motives. Primarily because you are the guy in the office next to mine.

Spaceman Spiff's picture
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Joined: 2006-08-08

CashFlow wrote:Come on guys.  Professional athletes do hire specialist/trainers to help make them better athletes.  Having a coach can be a good idea, but I have no knowledge or experience with that particular company.  I have heard good things from Matt Oeschli (sp?).
 
I know that HymanRoth has been to the Oeschli course.  He's not around here much anymore, but you might want to try to PM him and see if he thinks it's a benefit. 
 
If I were going to spend the money on a coach, I'd spend it on a guy like Oeschli before a relatively unknown like the guy you mentioned.  Oeschli might even be able to give you referrals of people in your area who have been through his course.

thunderkwb's picture
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Joined: 2007-08-31

Dear Da Donald,
I would like to offer you my first tip for free, stay off the message boards during market hours. Also, have a neighbor in your office keep track of when you come in and leave for the day, this guy will help you stay accountable.  Pay this guy, I bet he will do it for half the money and will be their everyday to hold you feet to the fire.

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