Startups: Plotting the first move
There are many reasons for brokers to start their own businesses, from wanting to escape the confines of a consolidator, suffering redundancy or having the vision to create smart, independent new firms who provide superb service for their clients, writes Rachel Gordon
Those who have done it say there most definitely is a need for startups. Wanting and doing are different things and, when finding funding, there are few reasons to be cheerful: most industry commentators report that it remains incredibly difficult to obtain.
So what sort of broker is breaking through? Commercial business is the most viable option for the majority of new firms and the most recent Financial Services Authority figures showed that 18 commercial businesses were given regulatory
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