Starting Out
The single-owner stage of your journey is exciting and rich with potential. Savvy businesses will seek to consider building the systems, marketing skills, and relationships to serve you in the long term. Now is the time to plan for growth beyond survival.
Growth Pains
At some point, you will need to consider if you are self-employed or running a business?
Often, finance brokers become comfortable with self-employment and are hesitant to build a scaleable business. For those who take on the opportunities, there are many challenges to navigate but with potential reward for effort.
Succession Planning
A crucial part of succession planning is the realisation of success. Many finance businesses become complacent when success is reached and settle for relying upon recurring income.
Instead, the best path forward is to either address opportunities for selling your loan book or seek leverage opportunities beyond owner reliance.
