Every entrepreneur is familiar with the phrase, "It's very expensive to make a mistake." This doesn't only apply to computer software or office space — it also applies to employees.

If an employee doesn't share your commitment to helping clients achieve their financial goals, or doesn't adhere to your agency's approach to insurance and risk management, the situation can be very costly for both your practice and clients.

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Have a defined culture

Independent advisory practices can prevent such mistakes if they have a defined company culture in place, which they can use during the hiring process to ensure candidates are not only qualified, but also share the firm's key values.

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