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

Who gets the dog? Helping divorcing clients navigate pet custody

Who gets the dog? Helping divorcing clients navigate pet custody

Pet nuptial agreements explained

Victoria Emens and Vanessa Gardiner
clock 28 October 2025 • 5 min read
Advisers seeing clients cut pension contributions to mitigate IHT change

Advisers seeing clients cut pension contributions to mitigate IHT change

75% of advisers expect to adjust IHT strategies for nearly a third of their clients

Sahar Nazir
clock 28 October 2025 • 1 min read
FCA to regulate ESG ratings providers

FCA to regulate ESG ratings providers

Welcomes government's legislation to bring ESG ratings providers into its remit

Sahar Nazir
clock 28 October 2025 • 1 min read