1 rich Libsyn https://www.libsyn.com 90 600 Making the decision to downsize after growing can be shocking, but might also be the best decision for work-life balance. Today's guest&amp;nbsp;shares the lessons she learned from growing her firm to more than 100 clients, before ultimately deciding that downsizing was the right choice.&amp;nbsp; Carolyn McClanahan is the founder of Life Planning Partners, an RIA based in Jacksonville, Florida, that oversees $300 million in assets under management for 65 client households. In this episode, Carolyn opens up about how she used business coaches to create clearer career paths,&amp;nbsp;establish&amp;nbsp;measurable&amp;nbsp;expectations, and improve compensation structures, before ultimately&amp;nbsp;recognizing that the firm’s growth strategy was contributing to burnout. Listen in to learn why she believes the financial planning profession could benefit from medical-style residency programs and why building a great advisory firm sometimes means knowing when not to grow. For show notes and more visit: https://www.kitces.com/507&amp;nbsp; &amp;nbsp; &amp;nbsp; Financial Advisor Success https://www.kitces.com/podcast/ <iframe title="Libsyn Player" style="border: none" src="//html5-player.libsyn.com/embed/episode/id/42470775/height/90/theme/custom/thumbnail/yes/direction/forward/render-playlist/no/custom-color/88AA3C/" height="90" width="600" scrolling="no" allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen></iframe> https://assets.libsyn.com/secure/content/205409260