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A SWOT analysis along with a SWAT analysis

A SWOT analysis along with a SWAT analysis

August 18, 2020
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As iron sharpens iron, so one man sharpens another. Proverbs 27:17, NIV

The team of Impel Wealth Management got together on July 31st before our semi-annual team retreat. We try to live out the verse above by questioning, encouraging, coaching and respectfully challenging each other. We believe there is wisdom from the collective experiences of the people on our team. Our goal is to continually improve so that we can serve you, our trusted friends and clients, with excellence.
 
The first half of 2020 was certainly filled with change and challenge to say the least. We had completed our goal setting and strategic planning about two months into the year and everything looked great. Then, everything changed with the onset of the COVID-19, coronavirus outbreak and the concurrent shutdown of the US economy. With the subsequent volatility and downturn in the economy and markets, the team at Impel Wealth had to pivot quickly to best serve YOU. It brings to mind a great quote from General Dwight D Eisenhower, "In preparing for battle I have always found that plans are useless, but planning is indispensable".
 
We began the day with an icebreaker, so that the team members can continue to get to know each other better, thereby building trust and rapport. We reviewed our year to date progress on our team goals, budgets, and client service models. We reviewed how to best align our team's skills with their job descriptions and duties. This is especially important as we have added two new members to our team in the last couple of months (there will be more sharing about our two new team members in an upcoming commentary). We always want to make certain that we have the right team members on the Impel bus. Additionally, we always want to make certain that they are in the right seat on the bus to best use their skills and giftedness.
 
We then went through a visioning process, reviewing the formula for growth and best practices of high performing, high trust teams. We always want to be learning from the best in the business. This will allow us to scale our business efficiently as we continue to grow. Finally, we went through a SWOT analysis where we reviewed our perceived strengths, weaknesses, opportunities, and threats. We want to be open and transparent so that we can identify where we have excelled, and where there are opportunities for improvement.
 
After a powerful and meaningful morning of work, it was time for some fun. We went from doing a SWOT analysis, to TopGolf where we worked on "swatting" some golf balls. We found that some of us need a SWAT analysis for our swings as well! We had a great time of team building and sharing. I am incredibly blessed to be able to work with such an authentic and dedicated group of people every day. We wanted to share this with you, so that you know how we continue to sharpen our skills and are "Moving Life Forward" together.