After being in Olmsted Falls for 11 years (two locations), we moved. Our lease was up, and after lots of consideration, we packed up Parker Wealth at the end of January and we moved the practice to our home in Berea. It's not that the practice wasn’t doing well. PW is managing more money this year than last. Then why move? Three reasons:
First, as most of you know I’ve been working more and more out of my office at the house for over four years now (and actually prefer it). Second, with the advances in technology, as long as I have an internet connection and a phone line, I can run my business from pretty much anywhere. And third, over the last few years it feels like a store-front office seems less necessary. As clients have gotten busier, I’ve found I do more and more “house calls”. Business is up over last year, but the number of clients meeting in my office is down. A trend is a trend, and this one is pretty clear.
Please know that if I felt having a storefront office was a key ingredient to serving my clients, I’d continue to have one indefinitely. However, allocating resources appropriately is important. And being frugal, when and where it makes sense, allows me to continue to invest in the technology and staffing necessary to serve clients properly. Change is not always easy, but this one is for the better.