Building capital value in an advisory practice requires a focused mind, writes Dan Russell. He believes business owners should ask themselves three fundamental questions...
Amid the maelstrom of regulatory activity and continuous market change, I often hear owners of advisory businesses talk about the struggle just to keep up with it all, let alone consider the big picture items. However, if you are a business owner and can find a moment to yourself (maybe on the golf course, in the bath or feet up in the garden with a glass of something cool and irresponsible) then ask yourself these fundamental questions: • What business am I in? • Why am I in this business? • What do I want to achieve with this business? The answers to these questions are fun...
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