It can be challenging to convince others you work with to move to an agile model, especially if they have been working with out-of-date processes or without any process at all. Perhaps this year you found that reactivity did not work well for you or your team. You may also have discovered that moving your business forward could only happen by being agile and willing to adapt to changing circumstances.

In business and in life, agility is often the means to excelling. Those practicing agility position themselves for a better future mentally, physically, and economically versus those who over-react to their circumstances or choose to do nothing at all. We want to remind you of the elements of agility: movement, thinking, and concluding. Having an agile mindset presents a new opportunity for you to move forward by thinking about what you need to change and drawing conclusions on how to do it.

Agility is not always related to how agile you are physically but refers to a process that helps you find and fix problems more quickly. This ability is essential when people work together. Having an ‘agile mindset’ can guide you through all phases of trial and error, whereby some attempts are successful, and others are not. Having an agile mindset presents a new opportunity for you to move forward by thinking about what you need to change and drawing conclusions on how to do it.

An ‘agile mindset’ is what guides our product and development teams each day at AdvisorPeak. Our daily ‘mindset mantra’ is a continual process refinement fed by trials, errors, and successes. Successes become product features, enhancements, or new products. This year has produced new enhancements and products with more to come. The agile process is scalable, regardless if you work alone or as a team. Here are our top five agile processes that are a part of our everyday mindset:

1. Stand Up Meetings- Daily at the same time, regardless of who attends, is less than 13 minutes, and each person reviews only these:

  • What I did yesterday.
  • What I am doing today.
  • What my roadblocks are.

2. Quality and priority- Sort tasks into order of importance to ensure that quality comes first:

  • What must include?
  • What should include?
  • What could include?
  • What won’t include?

3. Retrospective Meetings- Takes place bi-weekly to assess the project’s progress:

  • What should I keep doing?
  • What should I stop doing?
  • What should I start doing?

4. ‘Mind your own business’ –and notify only those involved:

  • Who is responsible?
  • Who is accountable?
  • Who should consult before a decision?
  • Who should be informed once a decision is made?

5. Map it- Use a planning wall to show your work and move post-it notes column to column as progress happens.Let us show you how AdvisorPeak’s agile solution to trading and rebalancing allows you more time with clients.