Start Up a New Investment Business

Starting an investment business requires a number or stages. Not only do you have to establish yourself in the industry, but you need to get financed and build a healthy clientele. For a list of steps to start up an investment business, consider the following suggestions.

Steps

  1. Visualize the kind of investment business you want to start. Determine the size you want your company to be and the area of investment you want to specialize in, for example real estate.
  2. Design a business plan that lays out a clear vision for your investment business. Include your goals and how you plan on achieving these objectives. Establish funding and marketing and all the areas associated to the industry. Give yourself a timeline for developing strategies and achieving goals.
  3. Choose a name for your investment company start-up. Try to select something recognizable. The name should reflect the type of business you are running, be unique and easy to remember. Then legitimize your business by getting it licensed and registered according to legal requirements.
  4. Research the area businesses and find out if there is any competition. This may also help you determine the type of investing you may want to offer. If you were considering real estate investment but there is a business in the area that already covers that, you can focus on general investing.
  5. Establish a source for funding. Even if you have capital on hand to get you started, you will probably need to get a loan to keep business going. For large expenses and payroll, consider an equity loan or line of credit if you have equity in your home. If not, then opt for a traditional loan. You will also need to apply for a business credit card to take care of daily business expenses such as office supplies.
  6. Staff your company with talented people. You may decide that you want to begin your investment business on your own, and then when business picks up, you can build a team. Hire staff members that are experts in the investment field. If you want your business to be successful, then the people you partner with have to be successful at what they do.
  7. Set aside a budget for marketing your new investment business. Develop a marketing plan that meets this budget. You can advertise your services on the radio, television and in trade magazines. Consider printing company brochures. Eventually your investment portfolio will play a big part in your marketing plan.
  8. Design a website that lays out the vision for your investment company. Offer your clients investment tips and provide articles on investing. You could also offer a blog that is updated regularly. Your clients can use this website as an investment tool, not just as a source of information but also to view their portfolios.

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