Better Business: How to cut costs

As firms make the transition from older-style selling organisations into modern advisory practices they can run into problems with what, and how much, they do for clients. With processes designed to satisfy the FSA, rather than clients, there can be a degree of over-engineering of the services provided, and over-engineering of the internal systems and staff required to deliver it all. The cost is a significant stifling of profitability, hitting the owner where it hurts (the hip pocket), and devaluing what is potentially a fantastic and valuable business. There are some common sticking po...