Brett Davidson, chief executive of FP Advance, explains how to manage your business as it grows
Advisers are usually considered good because they are good technicians: that is, they know a lot about the job of financial planning. This is enough to get you going and can take you so far, but eventually you start to run into challenges that require strategic solutions and execution excellence for the business to continue improving and growing. As your business grows, you begin to hit various ceilings of complexity where what used to work just fine does not really work anymore. Starting out, most players can get to around £300,000 of turnover before they have to consider systems and su...
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