Mark Stokes: What would an outsider make of your business?

Make time to think about the big picture

clock • 4 min read

Ahead of Financial Planning Week, Mark Stokes argues nothing is more valuable in helping make your business more profitable than thinking hard about what an outsider would make of it.

Whatever your business's goals, the best way to transform it into a more profitable operation is by running it as though it were permanently up for sale. Left to our own devices, we all tend to become set in our ways. Imagining you could be asked to justify any part of your business process at any time, however, will give you the discipline to transform it into a unit that will deliver better services to clients, a greater sense of engagement among your staff and increased profitability. In reality, this imaginary buyer is you, the current business owner. It is you who needs to see ma...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

FCA bereavement survey sent to just 12 firms – 'A very small dip in the ocean'

FCA bereavement survey sent to just 12 firms – 'A very small dip in the ocean'

Covers advisers, platforms and wealth managers

Sophia Panayi
clock 30 July 2026 • 3 min read
'Underperforming' sector does more damage to women over time

'Underperforming' sector does more damage to women over time

Y Tree executive director Eliana Sydes speaks to PA

Sophia Panayi
clock 29 July 2026 • 2 min read
Number of British millionaires drops to lowest level since 2008

Number of British millionaires drops to lowest level since 2008

Estimated number of 442,000

Sophia Panayi
clock 28 July 2026 • 3 min read