Join us on Wednesday for an all-day intensive on starting, growing, and developing your fiduciary business!
The first half of the day will be focused on setting up your business (including entity selection), how to market your business, dialing in your intake process, working with counsel, and time tracking.
The second half of the day will include the ins and outs of hiring and firing, setting up your office space, technology dos and don’ts, how to avoid burnout.
The day is designed for fiduciaries who are just setting up their business and those who are ready to grow!
What does your team look like
Presenters: Meredith Taylor, IMT Associates; Robert Nuddleman, Nuddleman Law Firm, P.C.– Growing the team
- Hiring (employee vs. independent contractor)
- Firing
- Employee handbook
– Training and education
– Supervision and discipline
– Hiring counsel and/or HR company
– Mention use of possible independent contractor for support
- Bookkeeping
- Accounting
- Tax return preparation
- Case manager
- Delivery service
- Errands
- Property management
- Caregivers
- Junk removal
Break
What does your space look like?
Presenters: Shannon Downs, Downs Fiduciary Services; Ali Goff, Goff Legal, P.C.– Physical space
- Home office
- Rent space
- Share space
- Website
- Reflection of your business and services
- See above section
- File/record keeping
- Cloud storage
- Paper storage
- Timeline of when you can destroy files
- Backups
- Security (anti-virus, firewall, secure portals, HIPAA compliancy)
- Software
- For time tracking
- Client data
- Communications (internal and external)
– Communications with clients
Break
Finance
Presenters: Ali Goff, Goff Legal, P.C.– For the business
- Budget
- Weekly C(m)EO meeting for fiduciaries
- Review weekly financials
- Review monthly financials
- Stay on top of A/R and cash flow
- Bookkeeping systems
- Quicken vs. QuickBooks
- Electronic checks vs. handwritten paper check
- Reconciliations
- Delegate?
Break
Taking Care of Yourself
Presenters: Meredith Taylor, IMT Associates; Judge Mary Thornton House (Ret.), ARC– Personal goals
– Avoiding burnout (compassion fatigue)