Going Out on Your Own
In This Chapter
• Deciding whether to own your own business
• When to make your move
• The importance of developing a good business plan
• Learning from these common mistakes
• Licenses you will need
• Meeting regulatory requirements
Owning your own business isn’t for everyone, but it’s a real possibility as a personal financial planner. Once you get the basics down, build a clientele, and gain a little capital and momentum, there are few barriers to entry.
There will be bumps in the road—some anticipated, others unexpected. You will wear many hats as the boss, clerk, financial planner, marketing representative, and salesperson. Everything falls back as your responsibility. You will make mistakes—plenty of them. ...