Provides expert insight and advice for professionals looking to strike out on their own, fully updated to reflect current trends and issues
Considering the overabundance of professional service providers toiling at monolith employers, you might want to start thinking about business independence. Starting Your Own Practice: The Independence Guide for Investment Advisors, Attorneys, CPAs and Other Professional Service Providers offers you step-by-step guidance on the entirety of the independence process, from your initial decision to break free, to managing your business, to your ultimate exit strategy.
In the 15 years since he first wrote Starting Your Own Practice, author Robert Fragasso has gained invaluable practical experience continuing to lead his own independent investment management and financial planning firm. Now in its Second Edition, this popular guide provides more depth on management considerations, transition to business maturity, and eventual profitable business succession. The author has added a wealth of alternative ideas on how to leverage your skills and talents in your own business, license your services and infrastructure, plan for your retirement, and more. Sharing new insights on making the independence move quicker, easier, and less costly, this new edition:
Starting Your Own Practice: The Independence Guide for Investment Advisors, Attorneys, CPAs and Other Professional Service Providers is indispensable for anyone providing skilled personal services.
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ROBERT FRAGASSO, CFP®, has over three decades of experience in the investment and financial planning fields. He directs the planning, management, analysis, research, and review of all client programs at Fragasso Financial Advisors. He graduated from Duquesne University, served in the Marine Corps, and did post-graduate work in accounting, finance, and economics through Carnegie Mellon and the University of Pittsburgh, and in investments via the New York Institute of Finance. Fragasso has been a Certified Financial Planner (CFP®) Professional since 1982 and is a member of the Financial Planning Association.
The world is not waiting for you to start your business. But it may welcome you with open arms once it sees what you have to offer.
"In the quarter century since he himself went independent, Bob Fragasso has steadily built one of the smartest, deepest, and best-managed financial advisory firms in the country. In this greatly expanded Second Edition of his landmark book, Bob offers an encyclopedic guide to independent success. I can't imagine how any service provider would begin his/her journey to independence without it."
NICK MURRAY, AUTHOR, SIMPLE WEALTH, INEVITABLE WEALTH
"Maybe one of the single greatest shifts in the history of our economy is yet to come as more and more workers in this service-based economy cut the ties to their employers and go into business for themselves. If you want to be a part of this new wave, your first step is to read Starting Your Own Practice."
DR. BOB FROEHLICH, FORMER VICE CHAIR, DEUTSCHE BANK; OWNER, KANE COUNTY COUGARS BASEBALL CLUB; MUTUAL FUND TRUSTEE
Does your current work situation bother you? Do things beyond the ordinary, day-today issues of working in a business environment such as lack of input into important company decisions and compensation continue to frustrate you? If you're tired of working for someone else and have contemplated striking out on your own, Starting Your Own Practice: The Independence Guide for Investment Advisors, Attorneys, CPAs and Other Professional Service Providers, Second Edition can help make the transition as smooth as possible.
Written from the perspective of successful entrepreneur and investment advisor, Robert Fragasso, Starting Your Own Practice, Second Edition has been designed to help professionals who provide skilled personal services especially those who are already experienced in the professional services industry make the right choices as they pursue their independent business endeavors.
Filled with in-depth insight and practical advice, Starting Your Own Practice begins by helping you decide if you should go into business for yourself. You'll gain a realistic look at the financial benefits and risks associated with going at it on your own as well as take an entrepreneur's test that offers an honest assessment of whether self-employment is right for you.
Once you've made the decision to move forward, Starting Your Own Practice will help you plan your next moves, with valuable information on structuring the marketing, management, staffing, and general operation of your business. Fragasso lays out a complete blueprint to independence that includes all the aforementioned issues.
Going into business for yourself requires careful thought and consideration, but with Starting Your Own Practice as your guide, you'll quickly learn how to turn the dream of owning an independent business into reality.
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