Simon Goldthorpe: Key considerations before launching your own advice firm

It will come as no surprise to anyone that I speak to a lot of financial advisers in my line of work. But whether someone is a one-man-band IFA or an adviser working within an existing practice, there's one key question that continually crops up: ‘What would I need to do to start my own business?' Any aspiring business owner will need to figure out how much income they'll need and where the launch capital is coming from, but my first piece of advice is always to be brutally honest with yourself about why you want to go it alone and whether or not you are genuinely equipped to withstand t...