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Practice Management Essential Tools and Assessments Use our tools to reach your business goals faster, based on the right information and with less pain. The web-based tools can be used to identify problem areas as well as create the solutions to resolve them. The available solutions include business and marketing plans, client surveys, amongst many others, in short, using our tools will improve your business performance. The tools deliver detailed reports that will enable you to implement action plans to improve identified areas of concern or simply help with a facelift.
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Business Assessment	Pricing Model	Business Plan Creator Do you regularly update your business plan? Your advice business should have a business plan that is updated regularly to ensure nothing slips through the cracks. "Winging it" leads to a lack of accountability—not exactly a good long-term strategy for your advice business. A well thought out, regularly updated business plan helps you document and communicate goals as well as make informed decisions - a key to ongoing advice business success. The Business Plan Creator takes you through a planning process designed to give you a quality plan that can be updated regularly.

Marketing Plan Creator How relevant is your marketing plan? A strong marketing plan can be essential to your business success, allowing you to capitalize on your strengths, focus on your highest potential clients and relationships, and deliver your message effectively. A marketing plan achieves these goals to increase both advice business practice and profitability. In fact, the proper alignment of your marketing efforts is a critical determinant of business success over time. Our Marketing Plan Creator extends the Business Plan Creator and ensures a blueprint that allows for ongoing measuring and monitoring progress so you can adjust along the way.	Valuation Model What is your advice business worth? There are two sides to that question: what is it worth to someone else, and what is it worth to you? How much of your future personal happiness and financial peace of mind is wrapped up in the advice business you have dedicated your heart and soul to building? What's your timeline? What will change? These are big questions! Do not wait until you are ready to sell to increase the value of your business - make your informed decision now.	Risk Management Plan Do you review and then update your risk management plan every year? Business risk may be described as anything that threatens the continued success of your advice business. Unfortunately, advisers sometimes overlook the potential risks that can derail their businesses. ASIC expects these business risks to documented, managed, and controlled. The regulatory standards for risk management have been set out in both the Corporations Act and ASIC regulatory guides. Our risk assessment tool helps you to identify, prioritize and put in place actions to mitigate your business risks.
	Pricing Model Lite How did you determine your fee for services? Advisers have mixed emotions about pricing their advice. It is important that both you and your clients are on the same page when it comes to understanding the fees you charge for the services you provide. This tool will help you put in place the building blocks you need to have a sound basis for articulating your fees.

Quote of the Day

Quote of the day

I’ve always run my firm so that if 60 Minutes showed up outside the door, we wouldn’t be nervous. —Ross Levin

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