What if the biggest threat to your partnership isn’t the market or competition—but the way you set it up from day one?

In this episode, I walk you through the 10 worst practices in financial advisor partnerships—from skipping the discovery phase to avoiding conflict, neglecting legal protections, and failing to plan an exit strategy. I’ll also show you why cultural fit, role clarity, and honest communication are non-negotiables if you want your partnership to survive.

🎯 What You'll Learn:
Why rushing into a partnership without discovery almost always backfires
How avoiding conflict destroys communication and trust over time
Why every partnership needs a “prenup” to protect against messy exits

⏰ Timestamps:
(04:16) The three pillars of a partnership
(06:32) How poor communication puts partnerships in a death spiral
(12:05) How legal protection saves you from business divorce
(15:00) How revisiting agreements keeps partnerships alive
(16:49) Why adaptability matters more than perfect plans


The Magellan Academy & Network

The rules and tools for success in the financial services industry are about to change radically.

I have spent over 30 years coaching only financial advisors. In that time, I have personally conducted over 50,000 individual coaching sessions. I have built a profound knowledge base of what it takes to achieve lifelong success in business and life. In my career, I have transformed 1,000’s of advisors (below are videos and written testimonials by many of them).

Many of you probably paid thousands of dollars to various coaching programs with very mixed results.  In most cases, it’s about the coach, their ego, and their money. They base their program on “practice management” or “marketing”. They make you more intelligent. What they all fail to do is help you make that “mindset” shift that must happen for you to realize your dreams and vision.

I am going to coach you, teach you, inspire you, and train you all on your mobile device every business day. You are going to get better at business development, practice management, personal development, and your vision.

Here is what you are going to get from me each month:
- A 5-10 minute morning coach video each business day.
- 3 training videos of 20-30 minutes each. This will be a deep dive into the four areas I mentioned above.
- A live group coaching session where you and I can interact and work together. 

Here is what you can do each month:
- Post a question to me and I will answer it.
- Collaborate and associate with like-minded advisors.
- Invite other great advisors into the network.

Your Bottom Line:
Here is the deal. I am not going to ask you for a credit card. As I said before, coaching is personality driven. You might not like my style or tactics. So with that in mind here is my offer to you. Complete the short form below. You will receive an email with detailed instructions on how to join the network for the next 14 days. I personally approve each submission so this might take a few hours or a day at the most. I will not ask for compensation of any kind during that 14 days.

If after experiencing my work for 30 days you believe that I can help you, here is the deal. To remain in Magellan Network and have access to Magellan Academy, your daily investment in yourself will only be about the price of a Latte these days. One more thing, it’s a month-to-month deal. I’m not going to lock you into anything.

Take action now and complete the short form below and I look forward to welcoming you personally inside the Magellan Network.

► Subscribe to our channel here: https://www.youtube.com/user/CoachJoeLukacs?sub_confirmation=1

Facebook: https://www.facebook.com/coachjoe.guru/
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LinkedIn: https://www.linkedin.com/in/coachjoelukacs/
Website: https://www.magellannetwork.net/
Soundcloud: https://soundcloud.com/themagellannetwork
Twitter: https://twitter.com/CoachJoeLukacs__


10 Worst Mistakes in Financial Advisor Partnerships

 Welcome to my latest PracticePower Podcast episode. Now that 2015 is in our rearview mirror, I want to share with you some strategies that based on my experience that are an absolute must in order to great start to the new year. I want you to think of this as a "virtual coaching session" with me. What I am sharing with you is my "January Checklist" for my personal coaching clients and Platinum Partners.

Here is a sample checklist:

- Status of 2016 Business Plan
- Status of January Monthly Game Plan
- Status of our Morning Success Ritual
- Status of our Daily Game Plan
- Let's contact all our clients and prospects
- Focus on our behaviors and not revenue
- Health, fitness, and energy levels
- Strategic Calendar

I know that I a posting this a few days early. I am off to Danville KY to visit one of my Platinum Partners and his team on a Strategic Day.



Podcast # 1110 How to Get Off to a Great Start in 2016

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 webcast: (Note: The Member Q/A has a lot of great strategies).
~~~~~~~~~~~~~
The Purpose of These Webcast:

- Offer the member community a chance to connect with me. Interactive vs. static
- Bring members strategies that I am using with my clients today
- An opportunity to ask a question and leverage my experience
- A major shift from PracticePower to PracticePower Academy

Coach Joe’ Topic for the Week:

- The Power of “Hybrid” Client Events
- How’s Business Question

Member Questions:

- James E:  I’m buying a book, and meeting the clients over the next 90 day’s. What do I say?
- Jeanne S: How to build trust quickly with new clients.
- Andy T: My assistant is stressing me out, they can seem to get the job done.

Podcast #1124 Client Hybrid Events, How’s Business?, and some Member Questions

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 your 2017 business plan
* Why rituals and habits are more important than revenue
* Why January must be your heaviest contact month of the year

Remember, your past does not equal your future. Make 2017 the year you commit to do the work of being successful. 

One last item. If have are committed to your success and and want the right “success partner” check this out. 

http://www.ipginc.net/coaching/platinum/

PracticePower Academy Podcast #1125 "Creating Momentum in 2017"

Joseph Lukacs has coached and consulted financial advisors for nearly 25 years. In The Magellan Network Podcast, he will deliver concepts, strategies, mind-set shifts, and no nonsense advice that all financial advisers can benefit. 

He will also be interviewing some of the most successful professionals in the industry.    

Subscribe now and leverage his over 50,000 coaching and consulting sessions with financial advisors world-wide.

10 Worst Mistakes in Financial Advisor Partnerships

The Magellan Network Podcast With Coach Joe

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