The ROI of Having a Team
It is easy to get into a routine and adopt the belief that it is more profitable to do everything yourself rather than hire someone to work along beside you to build your business. But let me share with you a few of the reasons why I disagree with this philosophy.
An average advisor in our industry brings in around 300k a year in revenue to their business. If they are working 40 hours per week on average and take 4 weeks of vacation or time out of the office during the year, this means that their time is worth around $156 an hour.
So that begs the question. Why would you pay $156 an hour doing tasks that you could pay someone 20 dollars an hour to do?