Co-Authored by Results Resourcing and Beacon Partners
Beacon Partners has a bold vision: To show independent financial advisors how to build a more successful business. This work is a deep passion focused on delivering methods which predictably attract more ideal clients, achieve greater profits, and ultimately create more freedom. Freedom is time spent with family, as well as doing more of what they love.
Financial advisors have a high burnout rate. A 2019 survey by the Financial Planning Association found that 71% of financial advisors said they experience moderate or high negative stress (pre-COVID).
Whether their stress is because they are frequently worried about the stock market or just the workload, is less important than helping financial advisors recalibrate their lives so they are doing more of what they love.
One of the biggest barriers to practice success is staffing. Financial Advisors, like most entrepreneurs, are frequently inundated with a variety of tasks required to run their business. Beyond the work that requires financial certification, there is administratively taxing work like electronic document creation and filing, email and calendar management, client administration, and website and social media management.
Beacon Partners supports clients by identifying opportunities to outsource responsibilities within their business that do not require certification or are not client-facing to freelancers who are independent contractors in the Gig Economy. They are called “gig workers” and it’s the fastest employment segment in the world.
Reuters found that 34% of the US workforce in the United States were gig workers in 2017, and that number exploded since COVID, reaching well over 60 million workers. In fact, MBO Partners noted that US freelancers contributed $1.21 trillion to the American economy in 2020.
The leadership team from Beacon Partners, Co-Founders Meg Hanington and Genevieve E. Thayer, believes so strongly in this talent strategy that they have partnered with ResultsResourcing® to hire virtual vetted freelancers who are ideally skilled to handle part-time and project needs. ResultsResourcing is the leading job platform for hiring freelance talent that comes with your own recruiter.
In addition, Beacon Partners recommends that their clients use Results Resourcing’s proprietary ROI of Time calculator to better understand the financial implications of administrative tasks that consume valuable time that could be better spent on higher ROI work.
Freelance workers give business owners incredible flexibility, which allows them to focus on what they do best, in this case provide outstanding financial advice to their clients.
Results Resourcing’s CEO Elizabeth Eiss said, “The gig economy offers a key agile talent solution to businesses to enable them to thrive throughout the normal business cycles – as well as the unusual swings, like the pandemic. Hiring skilled freelance talent enables businesses to get the skilled resources they need in a timely way with optimal time and capital commitment,” said Eiss. “They can adjust their workforce, operations, or overhead as needed.”
“Most administrative and marketing roles that can be done virtually, can be handled by a freelancer,” Eiss noted. “These are freelance professionals who love what they do and want to be the supporting team for other entrepreneurs.”
Beacon Partners looks forward to helping you uncover those opportunities and invite you to reach out to them via email at info@YourBeaconJourney.com for a complimentary 30-minute conversation.
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