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Fairly Massive Cope with Brittney Castro: ‘It’ll Work if You Do not Give Up’ | The Pipeline

Brittney Castro realized the significance of persistence when seeking to promote her personal enterprise. As an entrepreneur and monetary planner, she added saleswoman to her listing of titles as she tackled quite a few negotiations and potential offers. 

After rejecting a failing negotiation, she feared a deal won’t occur and started shifting her focus again to operating her firm. However then, proper earlier than the pandemic hit, all the pieces fell into place. On this episode, hear how Brittney realized to let go, and the way generally that’s precisely what is required. 

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For individuals who aren’t accustomed to your work, are you able to give a fast overview of who you’re and what you do?


I’m an authorized monetary planner and I’ve my very own firm, Brittney Castro Inc. I did monetary planning for 15 years with people, serving to them construct a monetary plan and roadmap, serving to them with their investing. 

And on the similar time, I used to be additionally doing numerous talking [engagements]. And about 10 years in the past, I began doing model partnerships to show monetary literacy. So numerous content material creation. However yeah, I suppose these days, you possibly can name me a monetary influencer, I’ve heard that. Content material creator. I don’t know. I don’t actually like labels. I simply really feel like I’m a enterprise proprietor and I’ve a handful of companies that I do. And it’s all within the finance and enterprise class.


So inform me about your background in gross sales. How did you get began?


I took a job as a monetary advisor at a university. I had no thought what it was, I simply stated sure. Fortunately, at the moment, there was numerous coaching. 

So I realized the best way to discuss to purchasers, the best way to get purchasers, the best way to prospect, the best way to market, and the best way to do monetary planning. I felt very lucky as a result of at the moment within the monetary companies world, there was nonetheless some huge cash being poured into growing younger advisors, which I feel is changing into extra uncommon. 

However the job was like gross sales. I by no means had a wage. I used to be all the time on fee, all the time in command of making my very own revenue, making my very own success. So early on, I realized gross sales. I didn’t actually essentially like the thought. I feel there’s that stigma that comes with chilly calling and gross sales

However again then, it was simply, “That is what you bought to do to have this job, to make an revenue.” So I did it. And through the years since then, I actually see gross sales utterly otherwise. I’ve undoubtedly developed it in my very own sense. For me, numerous it’s simply connecting with individuals, constructing relationships, telling them what I do. And if I do this authentically, which is simply a part of my character and who I’m, stuff occurs. 

Even once I go to enterprise occasions or networking occasions, I’m not there on a mission. I don’t have an agenda, like I’ve acquired to promote an individual or make a transaction. I don’t assume that approach. All I take into consideration is, “I’m simply going to attach with individuals.” 

And I do know now from expertise, these connections lead someplace. I don’t know the way, when, or what, however they normally do. And that’s, for me, extra fulfilling.


Nicely, it sounds such as you’re leaning into authenticity somewhat than attempting to pressure one thing that perhaps isn’t there.


Completely. No person desires to be pressured to do something, proper? And by chance, I’ve confidence in life on the whole, however much more so now due to my expertise. I’m like, “Right here’s what I do. Right here’s how I do it. If you wish to work collectively, nice. If not, that’s OK too. Like, it’s not an issue.” 

However in the event you inform me your downside, I’ve an answer. And to me, the precise individuals will stick and it’s not a matter of attempting to promote individuals, it’s simply telling them what you do they usually’re both going to do it or not. And I feel it’s far more of a female approach of operating a enterprise and promoting.


That’s nice. What has your expertise been like, as a lady working on this world?


Yeah. I’ve used it to my benefit, to be sincere. It by no means actually was an issue for me. At first, I did discover immediately, I used to be undoubtedly distinctive and completely different than many of the monetary advisors, and I used that. 

I used it to construct a reputation for myself, and credibility, and created a complete model round it. Initially, my firm was referred to as Financially Sensible Ladies, and I used to be advertising myself because the monetary planner for busy and profitable ladies. I created content material all about ladies and cash. I constructed my enterprise in a approach that I felt would serve the ladies purchasers that I used to be going after, which was a fee-only mannequin — which, 10 years in the past, was not quite common. 

And I did it nearly. I created a YouTube channel and began creating content material. So for me, being a lady in finance, I all the time noticed it as a chance. Like, “I’m going to leverage this.” 

In fact, there’s challenges. In fact, there’s the hurdles of simply being so completely different and not likely talking the identical language as many of the monetary advisors. However I all the time have a tendency to take a look at these sorts of challenges as alternatives. I actually leveraged it. And I nonetheless do. Not perhaps as a lot of the women-focused content material, however nonetheless, it’s a part of my model and a part of how I constructed a reputation for myself within the business.


That’s an incredible level. So clearly, this present is about individuals who have had some gross sales deal that they’ll’t overlook. And I need to hear about your story. So the place does this story start? Take me again to the start of this deal that you just need to speak about as we speak.


So the deal I need to speak about is simply promoting my apply. When you’ve gotten a monetary planning firm, there’s this concept that you just construct fairness. The purchasers that you’ve got, if there’s some kind of recurring income, that’s what we take into account the valuation of your enterprise. 

In order that’s the way you worth a monetary planning enterprise, via your recurring income, via the purchasers that you’ve got. So once I first began, I labored at extra of a company mannequin for 5 years. And sadly, there wasn’t the possession of your purchasers at that firm. 

I shortly realized I couldn’t keep on this mannequin, as a result of I needed to have a enterprise. Like, I’m a enterprise thoughts, and I assumed, “Nicely, what’s the purpose of getting purchasers in the event that they’re technically not my purchasers? I’ll by no means have fairness.” 

So I left after 5 years and began over. I couldn’t take these purchasers with me. And I went to an impartial monetary agency that allowed me to have fairness. It value extra as a result of there’s extra out-of-pocket, however no less than I used to be constructing fairness. 

After about two and a half years, I constructed somewhat model, a reputation for myself, and I offered it. I offered it to the blokes on the workplace I used to be working at to then create my very own monetary agency. We name {that a} registered funding advisory agency within the monetary world. So I form of had these bridges, proper? Like a company impartial, operating my very own monetary store. 

So I had that child sale or acquisition that taught me the best way to do it. It taught me, “Oh, if I construct purchasers and I construct this income, I might do it once more.” So once I began my very own monetary agency, that was what I used to be going for. I might construct my e-book of enterprise, my purchasers, up once more to the purpose the place I might promote it, ultimately. 

And on the similar time, I used to be additionally constructing my model partnerships and talking. I had a enterprise that had what I name two pillars: the purchasers, and public talking, model partnerships, and content material creation. 

In 2019, I simply began speaking to numerous corporations. That means of speaking to corporations took me a yr and a half of going via perhaps seven negotiations, really with completely different monetary corporations, studying what I needed out of the deal, what I didn’t need out of the deal. 

As a result of the deal that I used to be wanting was very particular, and I didn’t see it performed. I needed to promote my present purchasers and likewise companion with the agency who purchased it, to have a referral association. So all of the purchasers that I continued to ship to them, I might get a reduce. 

So I had like three jobs. I’m operating the purchasers, doing these model partnerships, and I’m negotiating. After which I’ve to maintain all these negotiations secret and I can’t let it take over the work, as a result of it’s a must to be absolutely current with these different roles. 

I saved telling myself, “OK, cling in there. Hold in there. It’ll work. It’ll work.” However generally, you’re like, “Dang, however when? Like, how for much longer? I’m drained.”


What was your lowest level all through this course of? Like, was there a degree the place you simply have been feeling actually down about it, or issues weren’t going properly, otherwise you had a foul dialog? Is there something that stands proud to you on that journey?


The final deal, the corporate ended up doing a little screwy issues in the long run, so I didn’t take that supply. The proprietor of that agency, mainly needed me to return work for them for a yr without spending a dime. 

On the finish, he put a wage out for like $100,000 that I might work and assist with the transition, which was all the time form of a part of the plan with these offers. You’ve acquired to assist the transition. 

However then on the very finish, he was like, “Nicely, we’re not going to have the ability to pay you. However that is what you may get out of it.” 

So I used to be like, “You need me to return be just right for you without spending a dime for a yr? Like, in what actuality would anybody say sure to that supply?” So it went from all these guarantees, to mainly giving me little or no for the precise enterprise after which wanting me to work one other yr for no cash. 

And he stated some issues to me too, nearly like his negotiation techniques. He would say some jabs in the direction of me like, “Nicely, that’s not the way you negotiate.” 

After which on the finish, I actually needed to inform him, “That’s not the way you negotiate.” However I took the upper street and I simply stated, “Look, that deal’s not going to work for me. I’m sorry that we really spent this a lot time, and also you led me on for 3 months to simply come to this realization. However no, I’m by no means going to take that deal. So finest needs to you.” 

And I spotted, “You understand what? I’m simply going to run the apply. I don’t need to promote anymore.” It was like a year-and-a-half journey. I don’t need to promote anymore. I’m simply going to maintain doing it. Perhaps I’ve to attend one other two years. Who is aware of?

I actually was like, “No extra. I’m not going to speak about it anymore. I’m simply going to run the apply and do them each,” like do these each pillars. Though I used to be at capability. 

After which like every week later, a lady I do know within the business — she was additionally a CFP n— stated, “Oh, Brittney, are you continue to considering promoting your apply? I do know this lady who’s seeking to purchase.” 

And I had identified of this lady, however I had by no means talked to her on this year-and-a-half-long journey of conversations with each agency I might consider. And so it was simply a kind of issues. We talked, it was simple. At the moment, I used to be very clear. Right here’s what I need. We’re both going to do it or not. And it simply form of labored out properly. 

We had about six months of truly placing that deal collectively, then inking the deal, after which one other three months of me transitioning all of these purchasers. So it was a journey. After which the pandemic occurred. So then it was like good timing.

Speak about life. As a result of I had transitioned and now, I used to be simply doing the model partnerships. And I might really really feel like, in any case these years of working, I might chill out for a bit. And I actually instructed myself, “As soon as I do that deal, I’m simply going to sit back for somewhat bit.”


That’s wonderful. What would you say is the overarching lesson that you just realized from the entire thing?


I might say perhaps the general lesson is you’ll get what you need on the finish, and it’ll be higher than what you thought. It’ll be extra in alignment with what you really want and need. It won’t appear to be you thought, it won’t be all shiny and flashy, but it surely’s going to be the precise match. And it’ll work in the event you don’t hand over. 

And it’s a must to undergo the method of that — studying, issues failing, errors, not understanding — to get an increasing number of clear and an increasing number of prepared for the precise factor that would be the proper deal and match for you long run.


This episode of Fairly Massive Deal featured Brittney Castro, founding father of Brittney Castro Inc. It was produced by Meghan Barr and edited by Xavier Leong. If in case you have a reasonably large deal to inform us about, write in to In any other case, we’ll see you on the subsequent episode.



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