Directions to Complete the MassMutual Greater Richmond Financial Business Plan
Entrepreneurship offers many rewards, but you must be prepared and committed. This Business Plan template is designed to help you determine if you are ready to start a career as a Financial Advisor. This plan also helps MassMutual Greater Richmond to get to know you better and determine which areas we can help you grow your business.
Each section is designed to ask you to think about how you would develop your markets and how you will manage the client relationships. It will be entirely up to you to develop projects, organize your time, and follow through on details with your clients. Research indicates that poor planning is responsible for most financial advisors to not meet their goals. Good organization of financials, client information, schedules, and marketing can help you be successful in your first year at Piedmont Financial.
Before your next meeting, please prepare a business plan based on this template. Please feel free to add sections, change formatting and prepare the document in another file if necessary. This is only a guide meant to help you think about each component of your financial services practice.
Once your business plan and market development inventory are complete, please email them to our Recruiting Coordinator, Sherry Johnson at sherryjohnson@financialguide.com. If for any reason, you have difficulty or questions filling out the business plan template, please don’t hesitate to call us for advice or further guidance.
At MassMutual Greater Richmond, we’re committed to helping you grow your practice through sales skills training and product development. We provide innovative market development tools, state of the art financial analysis software and hands-on coaching and closing technique workshops.
We look forward to helping you develop your plan into a successful financial services practice!
Executive Summary
What should an Executive Summary include?
Your executive summary should be no more than a page or two and it should summarize all the other sections of your business plan. It should include key marketing activities from your plan, as well as brief summaries of other important sections. You should identify your target markets and introduce the message you will be using to market your services.
When should I write an Executive Summary?
It should be the last thing you write in your business plan, even though it's usually the first thing read. Its concise length and summary format will enable our managers to quickly understand what you plan to do with your financial services practice.
Motivation Objectives and Goals
Why do you want to go into the Financial Services business?
A big reason why I want to go into the financial services business, is to make an impact on others by helping them accomplish some of their life goals. As I graduate college and begin my professional career with my first “real life” job, many are looking to end their careers with retirement. I want everyone that I have helped, to feel ready but also excited for what the future entails.
What do you want to achieve with your business (which goals do you want to pursue and what size do you want to attain)?
Be specific and break them down– use detail from overall plan.
Set Specific, Realistic Achievable Goals
The most important thing about starting up a business is being able to offer a service or product that will perpetuate revenue. That being said, I would like to end every business cycle in the green. There is a possibility that the company could end one of the quarters losing money but that has to be made up later before the year is over.
Another thing I want to achieve is to increase the number of clients by 10-15% each year.
Related Documents: Financial Services: Business Plan
A Business Plan for the Entrepreneur Reasons for Constructing a Business When setting up a business it is sometimes easy to focus only on the day-to-day running of the business rather than what may happen in the future to the business. Lack of attention to the future of the business could possibly lead to problems such as bankruptcy. A business plan is a ‘living document’ which considers details about where the business wants to end up in the near and distant future. As a business changes, the…
Strategic Plan, Part 1: Conceptualizing a Business Kandis D Lewis BUS/475 March 11, 2014 Timothy Harrington When starting a business it important that you take into consideration the vision, mission and values that you would like for your company to have when creating a strategic business plan. With implementing these; three key functions into your plan, will provide your business the opportunity to become a successful business. The business idea that I would like to one day pursue would be a…
Neuromuscular Center Business Plan XXXXXX HCA 311 Health Care Financing & Information Systems XXXXXXX June 8, 2012 Executive Summary In general, your executive summary should highlight at least one important statement from each of the other sections in your business plan. Think in terms of giving the recipient what they need in order to make a decision about whether or not to invest in your business. If the reader only reads the executive summary, he or she should have a very clear idea…
P5 Business plan Name: Kieron Rogers Business Plan for: A Café in Newport (Please use this template in conjunction with the guide Preparing a business plan) |Document Version: | | |Date: | | |Completed by: | | Business…
BUSINESS PLAN Tippy B's Diner 1234 Jackson St, Jackson Hole, Wyoming January 30, 2014 Table of Contents Executive Summary a. Vision Statement…..4 b. Mission Statement…..4 c. The Company…..4 d. The product.....4 e. The Market…..4 f. The Competition…..4 g. The Operations…….4 Business Plan a. Vision Statement…..5 b. Mission Statement…..5 The Company a. Company History…..5 b. Company Goals and objectives…..5 c. Company Ownership Structure…..5 d. Company Management…
its revenue is less than its expenses. A) True B) False Points Earned: 2.0/2.0 Correct Answer(s): True Correct Incorrect Ungraded 3. Business will incur a profit when expenses are higher than revenue. A) True B) False Points Earned: 2.0/2.0 Correct Answer(s): False Correct Incorrect Ungraded 4. Profit is the money that a business earns in revenue, minus investments, and the cost of salaries. A) True B) False Points Earned: 0.0/2.0 Correct Answer(s): False Correct…
pharmacy business and knowing the start up requirements, you will be able to make it big and earn big! Pharmacies are very important business establishments in a community or city because this is where people buy drugs and other medical supplies needed especially for home medications, hospitals, or emergencies. Some pharmacies are accessible 24 hours while some are open for a certain time of the day Pharmacies are varying in demand anywhere that is why this can also be a good business idea. People…
Foundation for Free Enterprise Summer Business Camp 2013 BUSINESS PLAN COMPETITION Rules and Guidelines OVERVIEW As you may have learned already, the ‘entrepreneurial spirit’ is the key driver of sustainable business growth, the backbone of a free market and is critical for innovation. This competition has been developed to have you gain some hands-on practical knowledge, utilizing the concepts that you have learned through the first portion of our summer program. All businesses MUST be…
Business Plans 7th Period March 4th, 2013 A business plan is a formal document indicating a set of company goals, the plan for achieving those set goals and a description why the management believe that those goals are possible. Business plans are essentially strategic. You will get to a point in the future (usually three to five years out) in time when your business has a different set of resources and abilities as well as greater productivity and increased assets. This plan will show how…