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“I won’t look at somebody’s business plan unless they’ve at least made an attempt at financial projections,” Fryling says. If you look at the capital structure of any large company, you’ll see that most firms issue both equity and debt. When drafting your business plan, decide if you’re willing to accept the trade-off of giving up total control and profits before you sell equity in your business. If your idea is truly novel, be prepared to explain the customer pain points you see your business solving. If your business doesn’t have any direct competition, research other companies that provide a … Read more

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In: Finance Advisor

Creating working hours that fit best with lifestyle and household demands allows financial advisors the ability to balance between personal and professional responsibilities. Giving clients meaningful advice is one of the most rewarding aspects of this career. Providing education to overwhelmed and confused clients and guiding them to investments or insurance vehicles that are most suited for them is very satisfying. Financial success for a client is strongly connected to a financial adviser’s success. However, this career also carries certain disadvantages, such as a high-stress environment, difficulty in building a client base, and meeting regulatory requirements. Evaluating the pros and … Read more