Growing your Financial Planning practice
Growing Pains - What are the Options to Grow?
We examine a few employment options to help you decide the best direction, and grow your financial planning practice.
Many advice businesses, like business in general often find a natural ceiling to growth. Capacity is typically the number one inhibitor to growth.
Put simply the principal of the business is a limited resource, and demands on their time increase as the business grows. Clients, Operations, Marketing, It & Systems, Training & PD, the life of an SME business owner is complex.
So what are the options to increase capacity and allow for scale? We explore a few of the options for the 1-2 Principal advice business to develop a growth path, and grow your financial planning practice.
The question is often put should the business employ another Adviser to facilitate growth, or a support person to leverage the existing Adviser/Principal. Both options have merit:
Recruit 2 Advice have been supporting the Financial Planning industry for over 20 years, providing growth tips and assistance, recruiting and providing HR support services.
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1 年Dugald, thanks for sharing!