What You Need to Know About Valuing Your Practice

Opiela, Nancy
February 2000
Journal of Financial Planning;Feb2000, Vol. 13 Issue 2, p60
Academic Journal
This article offers pieces of advice on the valuation of the financial planning practice. Experts agree that financial planners often need coaching to think of their practice as more than a job, as something that has value after they leave it. What follows, then, are some things to think about in the area of business valuation. Even if one is not thinking of selling the practice or taking on a partner, experts in the field suggest that just putting valuation on one's radar screen could add significant value to the business. In a personal services business, according to Alex Ivy of Ivy Financial, business planning needs to go hand-in-hand with personal planning.


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