A financial service firm comprises of one or several financial advisors, who may also have extensive knowledge in financial planning, hence, helping people to manage their hard-earned money. Some financial service companies concentrate on specialties like retirement planning. Others specialize in offering financial guidance on liabilities and insurance, setting financial goals, and assets management.
Starting a successful financial service business demands hard work, thorough research, and planning. Leading financial executives such as Brian Bonar have succeeded due to their ability to plan and audacity to actualize their ideas.
Ideas for launching an ideal financial service company
To earn the loyalty of your clients, you must have necessary academic qualifications and certifications. At least two or three professional designations such as the Chartered Life Underwriter and Certified Financial Planner will boost your credibility to a top-notch level.
Make sure you have enough capital to launch your financial service firm. Come up with a comprehensive budget for furniture, technology, advertising, rent, and utilities. Additionally, you can also account for training and license expenses.
- Business plan and model
A veteran financial executive like Brian Bonar uses a sound business plan to run his companies. Likewise, you should come up with a well-structured business plan and model and put it into writing. You should state the type of service you are planning to offer and the means of payment you will accept. Your business model will also define the type of license you should acquire.
- Mentors/ partners/workers
Forging strong professional relationships is critical for any aspiring business planner. Identifying a veteran entrepreneur who is ready to collaborate with you is a wise move. A mentor will help you to navigate through the tough challenges in the early stages of your business.
Brian Bonar is a self-established finance executive who has founded numerous successful financial startups and managed other leading firms in the financial service sector.
He has an extensive experience of serving as the head of Dalrada Financial Corporation, a premier company that offers exceptional services such financial management, risk management insurance, business management services, and employee benefits.
According to Crunchbase, Bonar holds a holds a bachelor’s degree in technical engineering from the renowned University of Strathclyde, a postgrad as well as a doctorate in mechanical engineering from the celebrated Staffordshire University.
Brian Bonar is the brains behind Trucept Incorporated, a leading firm that completes tasks on behalf of small and mid-size companies. It helps in managing the human resources administration, payroll, and employee benefits.
Under the exceptional leadership of Brian Bonar, Trucept comes up with strategies and make recommendations while taking into consideration the special qualities and work environment of every business.
The company offers both temporary and long-lasting staffing solutions. During his free time, Bonar enjoys playing golf, embarking on boating tours, and spending quality time with his lovely family.