December 2018
Beginner
384 pages
9h 53m
English
Content preview from Success as a Financial Advisor For Dummies
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Chapter 21
Transitioning from Solo Practitioner to Business Owner
IN THIS CHAPTER
Deciding whether you can and really want to start a business
Running your financial advisory more like a bona-fide business
Using a key success metric to stay on track
Fueling growth through mergers and acquisitions
Planning for the future without you
Beyond the joint-work partnerships that I discuss in Chapter 19, you can improve your practice’s capacity for growth by transforming it into a full-fledged, fully staffed business. However, make no mistake, evolving your mindset and behavior from lone wolf financial advisor to owner of a financial advisory firm is far from smooth sailing.
I often tell colleagues that sometimes I long for the old days, when I was a grinder, directly educating and reviewing strategies with clients, when client-facing work consumed 80 percent of my time. Today, that’s a third of my weekly schedule. Now, I spend more time being a minder. I need to constantly evaluate where ...
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I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.