I listened to a lecture recently on business strategy. It was a rollicking good talk on competition and business positioning. And halfway through, the obvious hit me: Advisors have a hard job. Most of the various strategic forces being discussed are lined up against the advisor.

Some of the concepts are difficult to put into an advisor framework-barriers to entry, for example. There aren't many new banks or brokerages sprouting as startups, but there's not as much preventing individuals from entering the field.

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