Run Your Practice Like a Business

Kirchenbauer, Lisa A. K.
January 2010
Journal of Financial Planning;Jan2010 Practice Management, p18
Academic Journal
The article explores the importance of running a practice that seems to be like running a business. It provides practical ideas that are necessary on how to run effectively the one-person business with great success. It also highlights the book of Michael Gerber entitled "The E-Myth," which highlights the business owners' assumption that a successful financial planner could also run a business successfully. Further, pointers that can help financial planners to run the business successfully include finding a business model that fits their needs, choosing what they have created and being comfortable with the result, and focusing on the strength that provides client relationships, business and team.


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