Kerching! Start A Financial Services Business From Your Living Room

The digital age we live in has made it much easier for women to become busy professionals with their own businesses. Today, we’re going to talk about starting a business from home. More specifically, the focus will be on starting a financial services business. Why? Because this is a booming industry where you will find lots of success.


Check out all of the tips below to help you get started:

Create A Business Model

There are lots of different financial services that a business can provider to its customers. You could be working to help people with their taxes, you might be an accountant that manages your customer’s books, or you could even be a financial consultant that advises customers on what to do with their money. Regardless of what idea you choose, you must come up with a business model that will drive you towards success.


Firstly, think about who your target audience is going to be, what type of customer are you catering for? With financial services, there’s often a clear divide between two different types of customer; business or public. Are you going to service businesses or will you provider your service to regular members of the public? This depends on two things; your knowledge of the financial industry, and the service you provide. If you’ve worked in business and know more about business finances, then it would be a good idea to target that sector for your company.


Once your audience is targeted, you must think about where the revenue will come from. Think about the specific services you can offer, and how much you’ll charge for them. The good idea is to look at what rival companies are offering. This will help you figure out what you should offer, and also come up with ideas that they aren’t offering.



Get The Best Software Around

The beauty of working from home is that you only need one main tool for your job; a computer. This can be a desktop device or a laptop – laptops make more sense as they’re portable so you can take them with you if you need to travel. The first consideration is getting the right hardware that you can trust at all times. You need a powerful computer with enough storage to handle all the work you do. You also need external storage to ensure you never run out of hard drive space. Also, make sure you have a good camera and microphone, as they will come in handy when you conduct video calls.


When your hardware is sorted, you need to think about the software. There is loads of financial software out there, some of which is better than others. Make sure you do your research and find the best financial software for your home business. Don’t be afraid to pay more for something that’s clearly a much higher quality than the cheaper options on the market. Take your time to get comfortable with the software and ensure you know how to handle it. Now, you’ll have the perfect setup to conduct your business and provide the best service for your customers.

Secure Your Digital Data

The thing with a financial services business is that you’re going to have lots of sensitive information and important data in your hands. This includes financial records of your clients, emails disclosing crucial information, and a lot of other stuff too. No matter what financial service your business provides, you must ensure your data is secure. The first step to take is simply finding financial services IT support for your company. Put data security in the hands of the professionals so you can concentrate on what your business does, and what you’re good at.


Another tip is to make sure you never access any information or data on an unsecured connection. For example, let’s say your internet connection goes down in your home, and you’re forced to connect to a public network either in your house or in a coffee shop somewhere. While free wifi is convenient, it’s terribly insecure and completely open. Anyone can get into it, and hack your computer to see all the information you’re accessing. Storing important data on secure online servers is the best way to ensure that a) it stays safe and b) you never lose it. Just remember to only ever access those servers from a secure internet connection.



Open As Many Lines Of Communication As Possible

Communication is so important when you run a business from home, particularly a financial services one. You should aim to keep in contact with your clients as much as possible. After all, the very nature of your business means you’re partially responsible for their money. No matter what you do, you’ll be dealing with other people’s finances. Consequently, they’ll want to keep in touch as often as possible. They need to be assured that things are going well and kept up to date with any developments – negative or positive.


As such, what you need to do is open as many lines of communication as possible. Make it easy for clients to contact you in any way that they like. You should offer video consultations where you can speak to them face-to-face. This is a great idea, as it allows you to develop a more personal relationship with your clients. It also lets you seek out clients from all over the globe, as you can connect with them online and won’t have to meet them in the flesh.


As well as video calls, you need to have all manner of communication lines open. This includes email, phone, mobile phone, social media channels, website, etc. The bottom line is that your clients need to be able to contact you whenever they want, via any method they wish. Coupled with this, consider hiring virtual assistants to screen calls and be available when you’re busy with something else.


If you want to start a business in a booming industry, then consider getting involved in financial services. You’ll be amazed at how much money you can make by starting a company from your living room.

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