In the second article of his series on starting a financial advice business, Rohan Sivajoti discusses business plans and why they're best kept short...
When starting your own show, having a business plan is the right thing, yeah? We can agree that having a plan makes sense and guides your decisions moving forward. If you're going directly authorised then part of your application to the regulator is a Business Plan, so in some senses it's mandatory. I have an issue with business plans though. They're typically upwards of 15 pages and are perhaps filled with your best ideas, financials, strategies and all the rest - but how do you update them? How do you work with them on an ongoing basis? They're brilliant to begin with but then they ...
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