Mark Stokes: What would an outsider make of your business?

Make time to think about the big picture

clock • 4 min read

Ahead of Financial Planning Week, Mark Stokes argues nothing is more valuable in helping make your business more profitable than thinking hard about what an outsider would make of it.

Whatever your business's goals, the best way to transform it into a more profitable operation is by running it as though it were permanently up for sale. Left to our own devices, we all tend to become set in our ways. Imagining you could be asked to justify any part of your business process at any time, however, will give you the discipline to transform it into a unit that will deliver better services to clients, a greater sense of engagement among your staff and increased profitability. In reality, this imaginary buyer is you, the current business owner. It is you who needs to see ma...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Former Titan Wealth employee sentenced to community order for harassment

Former Titan Wealth employee sentenced to community order for harassment

Okunola handed 100 hours unpaid work and two-year restraining order

Sahar Nazir
clock 19 September 2025 • 1 min read
PA Awards 2026: Last chance to enter today!

PA Awards 2026: Last chance to enter today!

Celebrating the best in financial planning and advice

Professional Adviser
clock 19 September 2025 • 1 min read
Feel Good Friday: Quilter partners to help Armed Forces community become advisers

Feel Good Friday: Quilter partners to help Armed Forces community become advisers

Wealth manager partners with White Ensign Association and Forces Transition Group

Professional Adviser
clock 19 September 2025 • 1 min read