Factors affecting the growth of small privately‐owned financial planning businesses

Abstract

Over the past 10 years, there have been many financial scandals in the financial advice industry, which has caused substantial losses for investors. Large wealth institutions controlled by major Australian banks have significantly contributed to investor losses by promoting their products which were not always in the best interests of clients. The aim of this study was to explore

Developing a Model for the Success of Healthcare Start-up Companies in Iran: A Systematic Review and Interviews with Experts

“…In this research, "market study and analysis" includes 6 factors, such as "choosing the appropriate marketing and advertising strategy" and "service/product differentiation". Pawski et al (2022) pointed to 5 factors, "client referrals", "differentiation of service", "business referrals", "target marketing" and "staff retention", which are the main factors of business revenue growth (15). Other studies have also discussed this issue (15).…”

“…Pawski et al (2022) pointed to 5 factors, "client referrals", "differentiation of service", "business referrals", "target marketing" and "staff retention", which are the main factors of business revenue growth (15). Other studies have also discussed this issue (15). Performance and efficiency analysis helps startups identify inefficient and improveable factors in the business process, evaluates their performance and competitiveness, and is also very effective for monitoring financial stability (72), (73).…”

“…(53), ( 37),( 45) ,(50),( 24), ( 25),( 38),( 18),( 13), (15) ,( 46),( 49 53) ,(43), (13,14), (5) Service/product differentiation ✓ 3 (37),(39, 46), (15) The existence of a competitive advantage ✓ 3 ( 22),( 37),( 43)…”

“…Proper ideation and attracting capital are among the most important challenges in the field of entrepreneurship and start-up business, especially in developing countries (12).. In the literature, the success factors are as follows: creativity in the business model (13), (14), forming valid collaborations and using networks (15), (5), focusing on a strong business case (16), sustainable leadership (17), (18), (19), creating new demand (20), forming a great team (21), (22), (23), government and legislation (24), (25), attitude (including ambition, hard work and inspiration), and speed in entering the market (26). There are many challenges in the health system, such as substandard care, high out-of-pocket costs, limited insurance coverage, and inefficient use of scarce resources.…”