Updated Wednesday, July 30, 2014 as of 11:28 PM ET
Blogs - The New Generation's Practice
Startup Diary: Dealing With Bad Days
Monday, July 22, 2013

The doors of my startup RIA have been open for a couple of months now, and itís been an emotional roller coaster. Signing a client that youíve been pursuing can provide a massive high, but when things hit a dry spell or donít go your way, you can spiral into new lows.

I recently had one of those those low days -- the kind where you spend the day asking yourself: Can I really do this? Did I make a huge mistake? I started to doubt my ability to run a business, attract clients and, ultimately, provide for my family.

I knew how many hats Iíd need to wear to run a business. From compliance to bookkeeping to the actual planning work for clients, it can all be a bit overwhelming. Even efforts like marketing, networking and blogging, which I enjoy, all involve creative energy that doesnít come in limitless amounts.

When it comes to attracting clients, I have some strategies in place and others planned and set to happen soon -- but if they donít work as well as I hope, Iím not sure what to do next. I know Iím not alone in feeling these doubts, but on some days, it seems like every other advisor is succeeding and Iím floundering. Are these feelings accurate? Probably not -- but thatís not enough to conquer them.

How I cope with doubts is by remembering that I signed up for the journey, and I intend to pursue it fully. I know that there are many teachers who require financial guidance and education, and I hope to build a business by helping as many of them as possible. My goal is to succeed beyond my wildest dreams, but my ego is prepared for a failure. Another thing that helps: I know that whether I succeed or fail, my family will always be by my side -- and no business success or failure will affect the amount of love they have for me.

(1) Comment
Great post my friend quiet helpful indeed really reading such good and useful content after long time seriously ..thanks for the upload keep updating.
Posted by jane g | Wednesday, July 24 2013 at 1:34PM ET
Post a Comment
You must be registered to post a comment.
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.
2014 Summer Reading List for Advisors

Current Issue

The June Issue is now online!


Industry Events

August 10, 2014 |

September 9, 2014 |

September 17, 2014 |

September 20, 2014 |

September 28, 2014 |

Already a subscriber? Log in here