What does being an entrepreneur have anything to do with being a Financial Planner? An entrepreneur is defined as a person who organises, manages, and assumes the risks of a business. A Financial Planner, on the other hand, is someone who provides financial expertise to help clients achieve financial freedom or goals. Although you may not think the two connect, becoming an entrepreneur is very similar to becoming a Financial Planner.
If you want to become a successful Financial Planner, you must equip yourself with the necessary entrepreneurial skills. Because Financial Planners are, in fact, successful entrepreneurs!
Entrepreneurs are self-starters who can identify problems and create solutions by making new business opportunities. Entrepreneurial skill is useful regardless of your job and industry as it complements other skills such as leadership and business management skills. But to give you a clearer understanding, here are some skills you can find in a successful entrepreneur…
Having a clear understanding and control of the financial aspects of the business.
Mastering effective customer service skills such as connecting with potential customers and starting partnerships with other businesses.
Being able to quickly and creatively come up with a solution when faced with obstacles.
Being able to motivate team members by becoming a part of a team and taking on the role of a leader.
Having the ability to develop effective communication among team members and being able to listen and cater to customer demands.
Being able to multitask, make informed decisions, and delegate tasks responsibly.
Skillful in business planning and strategising to develop or grow the business.
All of the skills mentioned above are crucial for Financial Planners. Since no two days working in this field are the same, Financial Planners have to be able to adapt and overcome new challenges every day.
It is also required of them to work closely with clients. Therefore, they must have excellent communication skills if they wish to translate complex financial terms into bite-sized information that are suitable for laypeople. And they must also have great attention to detail since their job requires them to oversee and manage clients’ financial portfolios.
A career as a Financial Planner is a fruitful yet challenging one. To be able to succeed in this field, you must have skills similar to that of an entrepreneur and a great amount of passion for the job. Because as we all know, enthusiasm is an essential ingredient in any job.
If you love helping people achieve their financial freedom, this job is a perfect fit for you. Do not worry if you lack the skills and experience for these things can be developed over time. When you join our team at KWO, our seasoned professionals will guide you throughout your first year and give you a headstart as a Financial Planner. If you seek a promising career with a work-life balance, join us today!