Business Idea

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Are you an out-of-work Finance Industry pro looking for a business idea? Here's one.

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Business Idea

  1. 1. Business Idea Are You an Out-of-Work Financial Industry Professional Looking for a Business Idea? Here’s One. Al Walsh Walsh Enterprises Business & Financial Advisors Huntington Beach, California USA http://www.awalsh.us [email_address] (714) 465-2749
  2. 2. <ul><li>Years ago I did a stint as a Stockbroker. One of the senior brokers in our office decided to split off on his own. He just negotiated a contract with his former employer to transact his trades for him, and off he went. The move was very successful. I watched him, and thought to myself that if only regulations allowed it he had the perfect opportunity to establish a one-stop financial services business. Then, lo-and-behold, the regulations were relaxed; making the concept legal. By that time I was too involved down a different road to do something about it. I’ll share this idea with you “younger turks” who are in a position to capitalize on it. </li></ul><ul><li>Large banks have tried to do this, but they do a lousy job. It takes the intimate environment of a smaller enterprise to establish the client relationships that make the idea work well. </li></ul>
  3. 3. <ul><li>This is an idea that could be started with your existing expertise and little capital. Whether you come from the investment, insurance, banking, or accounting world, you can get a business started in your field of expertise. You can then start adding on other offerings from the other areas. </li></ul><ul><li>Imagine a business where you offer investment advice, trading, portfolio management, insurance, banking, and accounting/ bookkeeping services all under one roof. Guess what – it’s now legal. You could set up a separate corporate shell for each business segment for liability purposes, but you want your customers to think of it as all being one place. </li></ul><ul><li>You don’t have to be an expert in all of these areas to be successful. There are plenty of qualified experts out there who can be hired for their expertise; many on a commission basis. </li></ul><ul><li>You need an office, phones, and computers. That’s about all. </li></ul>
  4. 4. <ul><li>You could build this business on a local-level until you have all of the business elements in place, and then you could start new offices in new neighborhoods. The possibilities are endless. </li></ul><ul><li>If you played your cards right, the business could be started on minimum capital and grown in the same manner. If and when capital was necessary, it wouldn’t be difficult to attract. </li></ul><ul><li>So there you are. If I was 10-20 years younger, I would have already done this. </li></ul><ul><li>Again, the key to the whole thing is intimacy and ease of service. People want to do business with folks they trust, in the most convenient manner possible. </li></ul><ul><li>Good luck. Let me know how it works out. </li></ul>

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