• Products
  • Insights
  • Practice Management
  • Resources
  • About Us

By doing it on the first of the year, I give myself a fresh start for the year ahead, as well as peace of mind knowing the detectors will be in full working condition for the year.

Have you considered what fresh batteries you might put into your practice for 2023? Whether 2023 will bring about some serious change, or will be more about maintaining momentum, the New Year is always a great anchor point for a business refresh. Dust off your 2022 business plan, and take the time to assess what goals you achieved, which ones you missed, and what items just fell off the radar. Consider the following aspects of your business as you gear up to prepare for the year ahead:

  1. Pull out your practice wish list
    When was the last time you took one of the various ideas you’ve wanted to implement to improve your practice, and actually did it? As you strategize for 2023, pick out one or two of the ideas that have been rolling around and make a plan for how to execute on them in the upcoming year.  The beginning of a calendar year is the perfect time to weave in a fresh new idea (or two) and then measure the effect it has on your practice.
  2. Focus on your team.
    The New Year is a perfect time to assess your team: what’s working, if the communication is clear and open, and if there is the necessary trust and respect. Schedule a formal offsite team meeting, to review last year, consider this year’s goals, and build a written plan to execute. It’s also a great opportunity to remind your team what your value proposition is, clarify roles and responsibilities, and set team goals for 2023.
  3. Assess your business continuity plan.
    Do you have a business continuity plan? Financial professionals usually help their clients with estate planning, but don’t put as much thought and detail into their own business succession plan. If you don’t have one, start taking the steps to develop a plan, or if you already have one, take time to review it and make any necessary changes or updates.
  4. Don’t forget to celebrate.
    When you look back at your 2022 plan, don’t just focus on the things you didn’t achieve, but take stock of all you did accomplish as well. Oftentimes, we don’t push “pause” for even a few moments to consider the great accomplishments that we’ve had, or the incredible work we’ve done for our clients. The act of saying “we did it” can be incredibly energizing for the entire team, and be sure to carry this attitude into 2023.

As the year ends and we move into 2023, make sure you recharge your own batteries as well. Relax over the holidays, spend time with your family, and, if you are so inclined, put a fresh set of batteries in your home smoke detectors while you are at it!


Julie Genjac is a registered representative of Hartford Funds Distributors, LLC.

Check the background of this firm/individual on FINRA's BrokerCheck.


About the Author
Juie Genjac
Managing Director, Strategic Markets

Julie is a Managing Director of Strategic Markets for Hartford Funds. She works with financial professionals in a practice management capacity, including engaging and educating professionals and their clients about current and emerging opportunities in the financial- services marketplace. She is a registered corporate coach and has spent the last two decades helping hundreds of financial professional teams create a vision for their practice and serving as their accountability partner in order to execute on that vision.

Next Steps

1 Download the Teams Overview flyer
2 If you find this information to be of value, contact your Hartford Funds advisor consultant about hosting a workshop for your team, complex, or region

More Teams Insights >

The material on this site is for informational and educational purposes only. The material should not be considered tax or legal advice and is not to be relied on as a forecast. The material is also not a recommendation or advice regarding any particular security, strategy or product. Hartford Funds does not represent that any products or strategies discussed are appropriate for any particular investor so investors should seek their own professional advice before investing. Hartford Funds does not serve as a fiduciary. Content is current as of the publication date or date indicated, and may be superseded by subsequent market and economic conditions.

Investing involves risk, including the possible loss of principal. Investors should carefully consider a fund's investment objectives, risks, charges and expenses. This and other important information is contained in the mutual fund, or ETF summary prospectus and/or prospectus, which can be obtained from a financial professional and should be read carefully before investing.

Mutual funds are distributed by Hartford Funds Distributors, LLC (HFD), Member FINRA|SIPC. ETFs are distributed by ALPS Distributors, Inc. (ALPS). Advisory services may be provided by Hartford Funds Management Company, LLC (HFMC) or its wholly owned subsidiary, Lattice Strategies LLC (Lattice). Certain funds are sub-advised by Wellington Management Company LLP and/or Schroder Investment Management North America Inc (SIMNA). Schroder Investment Management North America Ltd. (SIMNA Ltd) serves as a secondary sub-adviser to certain funds. HFMC, Lattice, Wellington Management, SIMNA, and SIMNA Ltd. are all SEC registered investment advisers. Hartford Funds refers to HFD, Lattice, and HFMC, which are not affiliated with any sub-adviser or ALPS. The funds and other products referred to on this Site may be offered and sold only to persons in the United States and its territories.

© Copyright 2024 Hartford Funds Management Group, Inc. All Rights Reserved. Not FDIC Insured | No Bank Guarantee | May Lose Value