Streamline Your Business Plan, One Note Card at a Time

Komoszewski, Jim
March 2011
Journal of Financial Planning;Mar/Apr2011 Practice Management, p24
Academic Journal
The article focuses on the importance for financial planners in the U.S. to evaluate their business plan and make a revision that will summarize the critical elements of the overall business strategy. It says that the significant points of an adviser's business plan should ideally fit in an index card. The author mentions that a note card-sized plan that is implemented and executed is better than a 50-page business plan that is not used at all. He reveals the results of a survey conducted by his firm which show that 64% of financial advisers who worked for the firm have a business plan, with only 26% actually use it. He notes that the return of investment of a business can be categorized into time, money and energy.


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