StreetsAhead | How to develop a business plan for growth

Benefit to IFAs

This program will help IFAs look at their practice as a proper business and is designed to train them to develop a successful marketing plan that achieves their goals in a manner designed to increase both productivity and profitability.

Suitability

Serious, committed IFAs irrespective of AUM size

Some knowledge of excel is essential

Duration

3 ½ hours

OUTLINE

Need to treat your practice as a business in which you have invested millions

The importance of a business plan

The essential elements of a business plan

Vision/Annual goal
Environment scan – SWOT - Competition, Collaborators
Defining your target market
What is your value proposition - product, price?
Activities and programs to turn plans in to reality
Budgets, financial and timeline
Tracking and course correction

TANGIBLES

Outline/Template of a model plan

List of the key decision points that will impact the plan inputs