Post-SCOTUS decision, advisers must focus on client impact
Its business as usual the new usual. Weve been waiting for decision after decision in the hopes that there will substantial changes to the law so we can get back to business as usual and by usual in this case, I mean the way it was prior to Affordable Care Act. And once again, thats not happening. Chances of the industry ever being the way it was prior to the ACA are nonexistent, which we should all hail as a good thing. Weve needed a non-negotiable motivator to get the industry to move, change its ways, and find new, different and better ways to work with clients and deliver value.
Also see: "The real lesson from SCOTUS subsidy decision."
Did we want the ACA as the motivator for that change? No more than we want tech companies coming in and lapping up clients. But the reality is that things change, and if we sit around in hopes that we can stay the same while everything else around us changes is akin to the old lady who refuses to sell her house and the shopping mall builds up around her, continuing with their own progress regardless of her. Clients arent looking to help you remain relevant. Theyre looking for you to help them remain relevant.
Also see: "Supreme Court upholds subsidies."
Take this time to go out to your clients and update them on the new ruling tell them what it means to them and what their future plans need to entail moving forward. Set a plan with each client for how youre going to be working together to ensure they remain relevant to their employees and clients. At the same time, this is also ensuring your own relevancy with them as a strategic partner.
Keneipp is a partner and coach at Q4intelligence, driving agency transformation. Learn more at q4intel.com. Reach her at firstname.lastname@example.org, on LinkedIn, or Twitter @WendyKeneipp.