The focus of your time will shift slightly from learning and generating new clients to taking care of existing clients and handling the administrative details of running your business. At this point, many advisors proceed to the next business model. Add An Assistant Smart advisors will hire someone to take over the administrative functions of the business so that they can concentrate on generating new clients. It's common to start with a part-time assistant to process paperwork, write checks, and pay bills. Bill-paying can also be outsourced to a bookkeeping company.
Some advisors never hire an assistant.
Some are uncomfortable with delegating, some don't want to supervise, and some simply don't want to pay the salary. If you've been in the business for a number of years and you don't have an assistant, you are an assistant. The role of an administrative position is to fully support you. Job duties may include filing, bookkeeping, answering the telephone, taking messages, booking appointments, processing mail, keeping the office organized, and handling some compliance issues. It's possible to work with one assistant out of a home or small office.