The Magellan Network Podcast

Subscribe and Comment Joe Lukacs has specialized in coaching and consulting financial advisors for nearly 25 years. In that time he has personally conducted over 45,000 individual coaching sessions with financial advisors. -- Connect with Coach Joe: Personal Website: http://www.ipginc.net/ Coaching Academy: http://practicepower.net/ Twitter: https://twitter.com/CoachJoeLukacs LinkedIn: https://www...

In this 75 min webcast, Coach Joe Lukacs will explain what the habits, beliefs, strategies, and systems of some of his most successful clients and partners. You will learn: - The "X" factors that are critical to your success. - How to break-down the barriers that have held you back. - The 80/20 rule of success. - How to avoid slumps. This podcast is brought to you by PracticePower Academy, the fin...

The official start of summer is just around the corner. With that comes a set of unique challenges for most advisors. You want to get out and enjoy the summer weather. Maybe your children are out from school. It’s vacation time. Time for some golf and tennis perhaps. It’s barbecue and boats for many. With all that being said, it’s also time to continue to grow your business. Below is my Do’s and D...

This podcast is a replay of a recent webcast that I hosted for PracticePower Academy Members. I go into a deep-dive on where the opportunities are for success over the next several years. Description In this 75 min training, Coach Joe Lukacs will explain what the advisor of 2025 needs to look like, provide, charge, and be able to execute in order to be profitable and vibrant. This is an update to...

I recently had the opportunity to consult with a client during a strategic day to really “dig-in” and make suggestions into how they could optimize their business and really grow their revenue. We look at all their processes, especially their business development process and client profitability. They found the process to be so valuable, I wanted to share some of the most important ‘KPI’s” Key Per...

Time, the only resource in our lives that we all have the same amount of. There are only 24 hours in all of our days and all our years consist of 365 days. Mastering your time is a strategy many advisors struggle with. Think about how much time each day, weekend year you squander. Many advisors operate with the obsolete concept of Monday-to-Friday, a couple of weeks “off” per year, and operating w...

What holds an advisor from creating their ideal life and business? Their intelligence? Their lack of resources? Their firm? Their Team? We can keep going, but I think you get my drift. As I dive deeper into creating my advisor P.O.S workshop (Personal Operating System), what holds you back is the basic fact you have some “trash” that must be felt with in order for you to take action and proactivit...

Last week I hosted our winter Magellan MasterMind meeting in beautiful Del Mar CA. This group meets twice a year to mastermind, brainstorm, and discuss what the business will look like in 10 years. We also look at how we and our businesses need to evolve in order to continue our growth. I decided to dedicate this podcast to briefing all of you on some of the key takeaways from our meeting. In this...

How you start each day has a profound impact on your level of productivity and output. Your day is usually won or lost in the first hour. It is my conviction, in order to maximize our success in the game of business and life, we must have a positive and powerful “pre-game” ritual. All elite athletes have a pre-determined, pre-event process they execute in order to put themselves in the proper phys...

Welcome to a new month early in the new year. I thought that I would use this episode to address all the DOL noise that has surrounded our industry for over a year now. I do not have a crystal ball to determine what the future holds as far as regulation goes. I will leave that to the army of attorney’s and consultants to debate. I have been in this industry for nearly a quarter century. I have coa...

I’m currently working on a new E-learning series of PracticePower Academy along with a live training presentation for my Magellan MasterMind. As I continue to deeply dive into the mind-set of advisors and myself, I have created a way of describing the way that we “operate” each day. I call this your “Personal Operating System” or P.O.S. for short. What make up your P.O.S.? It’s the combination of...

Last week I had the privilege of leading a private 2-day business planning event for a group of advisors in Scottsdale AZ. None of them have ever been through my business planning process. What’s unique about that event is participates can get private time with me to discuss their goals and plan for the new year. Several had a great year in 2015 but failed to achieve their 2016 goals and most went...

PracticePower Academy Podcast #1125 Creating Momentum in January for the New Year. Welcome to 2017 and I hope you had a wonderful holiday season. I wanted to spend a few minutes today giving you some strategies that I have used with my coaching clients that really starts off the year the right way. January is a critical month to “get off the blocks” the right way. Let’s discuss: * The status of yo...

I am off traveling and see clients the next few weeks, so I thought that I would share some other content and have you experience some live Q&A. This podcast is actually a recording of a coaching webcast that I did recently for the members of Practicepower.net. I cover several topics along with taking some questions from attendees. It’s about 45 minutes in duration. Below is the agenda for the web...

Welcome to the start of the 2nd half of 2016. I hope you took my advice from my last podcast and took some time off to create your mid-year break. Over the last few weeks I have traveled to meet with clients and lead a 2-day training program. I love to get out and meet with advisors to hear about how they approach their business. I will agree that compliance and the new DOL regulations will add a...

It’s hard to believe that we are almost at the halfway point to 2016. Each year the pace seems to pick-up and the months just fly. In the episode, I want to break down for you the process of setting-up your mid-year review along with what you want to benchmark and how to review and tweak your 2016 business plan. I am also getting ready to start my own mid-year strategic window and my next podcast...

Now that Memorial Day has come and gone, let’s discuss your approach to your summer. I will admit, there can be a different “rhythm” to your business in the summer months. Vacations, kids out of school, summer hobbies (golf anyone?), can all be enjoyable pursuits. In my experience, the worst possible approach to this summer cycle, is to have no plan, no summer schedule, and just hang-out in your o...

It’s been quite some time since I brought this topic up and I woke-up this morning and decided that today is the day for the conversation. Of all the “disconnects” that I have encountered as a coach and consultant in this industry, this is by far the most bizarre and challenging. We are all very smart and bright people. With that said, do you agree with the following statement. “The best way for m...

Now that we are almost mid-point of the 2nd quarter, you should have a sense how this year is unfolding as compared to your plan. It’s very important to always be evaluating how “you” are performing. You are going to want have both your business plan and your monthly game plans available for this exercise. There are several areas that we are going to evaluate: - Your Personal Behaviors & Habits -...

Welcome to this episode of the Practice-Power Podcast. All this week I have been focused on building my new business model. Since I am in “Entrepreneur” mode this week, let’s have a brief discussion on why every advisor needs to adopt this mindset in order to thrive in our new environment.

Welcome to this special episode of the Practice-Power Podcast. In this episode I want to give you a briefing on how our San Juan MasterMind meeting went and, I want to share with you some key points from my presentation to the group. As we all know this profession is changing rapidly. If you can, think back to how we conducted business ten or twenty years ago verses today. If you stop to think abo...

I hope you had a successful week. I am currently working on my presentation for my mastermind meeting that will be held next week in San Juan PR. As I started to create this new program called "Advisor 2025", I went back to my original notes from my first program in this series called "Advisor 2015". It was a powerful trip back for me and reminded me how I got here with this philosophy. A year lat...

Welcome to the end of another week. For some of you, the end of the week could not come soon enough. Yes, we are facing market adversity. How you handle adversity has a direct impact on your success in this industry. So let's discuss the following: - Some feedback from my client calls. - What is adversity? - What your role really is. - What do clients and prospects really want from you - What is t...

Welcome to February and the start of a new month. In this episode I will cover the following topics: - Your January wrap-up and February Monthly Game Plan. - Some feedback from my clients on January results and observations. - Let's discuss the process of taking a prospect and converting them to a client. - What does your on-boarding process look like? - Why are they there? - What is the real enem...

Welcome to the end of January 2016. In this episode I will discuss the following: - Lets breakdown your January results. - What is your plan to create your February Monthly Game Plan. - What is Strategic Time? - How to incorporate the Strategic Time concept into your business model.