Why Business Owners Must Take Their Learning to the Next Level especially re: succession and #exitplanning

In the fast-paced and ever-changing world of business, the importance of lifelong learning is invaluable. As a business leader, your commitment to continuous education is crucial for staying one step ahead in a rapidly evolving environment. From new capabilities with Artificial Intelligence to financial and technological advancements, how can you stay on top of your game and set yourself apart from the competition??

Throughout the course of your business life, you’ve probably heard the term?lifelong learning.?Furthermore, it’s likely that the value and importance of education has been drilled into you from a young age and has ultimately led you to where you are today in your role as a business owner/leader. Here we’ll explore why we all must continue to grow our knowledge and how we at Rosedale Advisory “walk the talk” and continue our own education working with many institutes and local Universities thus bringing benefits to our clients.?

There are no continued education requirements for business owners or their exit advisors in the UK but it still matters!?

Continuing education requirements whether they are mandatory or voluntary exist for a reason. They help to maintain and improve industry standards which is beneficial for you, your business, industry, customers and other stakeholders.?

We at ROSEDALE ADVISORY LIMITED believe in maintaining our professional status and invest in our development both as qualified advisors and also as certified licensees of various exit planning systems to enable the success of business owners. ??

A recent?article by CE Records?highlighted that “Advisors who continually engage in advanced education and continuing professional development activities will reap the rewards through increased client trust, more meaningful and personal discussions of financial matters, and compliance with industry regulations.”?

Many professional exit advisors would likely agree that part of their responsibility as an advisor is to maintain accurate and current information as it relates to industry trends, tax regulations, best planning practices and more. Advisory and corporate financial services is an industry with many moving parts, therefore, collating such knowledge helps business owners to make sense of the landscape and help them navigate to the right places pre, during and after the exit process.?

Putting practical knowledge into perspective?

While foundational education is important in many fields, #businessowners fully appreciate that practical knowledge plays a crucial role in attracting and serving their business needs and those of their customers. Consider the process of choosing a barber or hair stylist. Your barber/hair stylist had to complete levels of certification and pass examinations to be licensed to perform certain services. However, we as customers typically rely on other factors outside of their foundational education when determining if they will fit our needs.?

Do their service offerings align with the latest trends? Is their pricing structure comparable to other options in the market? Do they have a scheduling system in place that makes it easy and seamless for you to book and re-book appointments with them? Do they have positive reviews and ratings online or have you heard good things from a friend??

All these considerations can be used to prove the point that?practical application?of a professional’s knowledge is typically deemed more important to a prospect than what their foundational knowledge is, and when and where it came from.?

The same can be said when looking at it through the lens of a business owner choosing an Exit Planning Advisor. At Rosedale Advisory we’ve taken a course, invested time and money into earning a certificate and designation and passed some examinations. However, there are other questions any interested business owner should ask such as …...

How has the creation and execution of our Exit Plans fared for our clients? How have we adapted our fees in a way that makes sense with our target clients? Can we prove we can collaborate with other advisors to determine the direction of a plan or consult them with a specific client problem?

We feel confident that when we design a specific exit plan with our clients based on a combination of our practical and foundational knowledge as well as our education then the result is real value creation for our customers and that’s what counts!??

Why Exit Planning Advisors need more than education?

At Rosedale Advisory, we firmly believe that it’s not enough to go through a short training programme or sign up for a few courses on Exit Planning. Having a proven, repeatable process and access to the right tools helps us to do more for our clients.?We have frameworks that allow us to better understand our client’s goals and create a bespoke solution for them.?

Embracing education is one thing, but being able to use it in the context of #ExitPlanning engagements is critical for our customers success and job satisfaction for us.?

How we tie it all together

Performing Exit Planning services is a learned trade that we believe requires continued, lifelong learning.?

If as a business owner you are ready to harness the power of education, tools and a coach to transform your succession and exit planning then we stand ready to support you.?

Feel free to contact us today so we can help you determine the best path for your own training needs especially when it comes to succession and exit planning – we can be reached at RosedaleAdvisory.co.uk.?