A Trap for the Unwary
Advisor Perspectives welcomes guest contributions. The views presented here do not necessarily represent those of Advisor Perspectives.
The temptation to offer solutions for those facing a problem is overwhelming. Therein lies the trap for unwary advisors.
Several years ago, a friend met with me. He wanted to talk about his health and his business.
He has a chronic medical issue, which is exacerbated by stress. He runs a thriving manufacturing business. He has a first-class management team reporting to him.
His problem was the stress level triggered by work was aggravating his medical condition.
I asked him what an ideal resolution of his issue would look like.
He told me it would be a situation where he could run his business with little or no stress.