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Helping your business grow post-RDR

Firms need to include a training and competence regime which takes account of the new regulatory landscape.

By Liz Field | Published Aug 18, 2012 | comments

Many of you will be asking yourselves how you can best move your business forward post-RDR and will be developing your strategies to meet future challenges.

Whatever these are, they will need to include a training and competence regime which takes account of the new regulatory landscape. In order to help you with this, FSP has now developed an online training and competence toolkit specifically for small and medium-sized businesses.

The T&C toolkit allows you to input relevant information about your firm and then produces a training and competence scheme specific to your organisation for you to implement.

The scheme is designed to support the professionalism agenda of RDR and will help you to ensure that your staff meets the new requirements. This valuable tool is available when you take out our new category of partnership for small and medium-sized firms.

To celebrate the launch of the toolkit, Financial Skills Partnership has partnered with FTAdviser to offer readers a reduced rate on this partnership, giving unlimited access to its new portal and the tools it will house.

The partnership will help you formulate your blueprint for success as a firm offering high quality advice and great customer service, progressing on the road to future growth.

There will be future toolkits, relating to internships, work experience and apprenticeships, and we would welcome input from you on what further future toolkits we should develop.

Small and medium-sized enterprises (SMEs) face significant challenges, but they also enjoy an immense opportunity. In times of change, smaller firms have a distinct advantage over larger ones as they can be decidedly more agile in responding to it, quick off the mark to adapt to new markets and opportunities.

So why not decide to treat the current changes as stimuli to growth in skills, competence and professionalism. There has never been a better time for SMEs to capitalise on their natural assets and turn them into real and lasting growth of their businesses.

Clearly, successful businesses don’t just happen, they need planning and clear objectives and strategies. Business planning is all-important.

What markets are you focussing on, how do you market to your client base and what level of income do you need to achieve your goals?

Once you have made these decisions, your partnership with FSP, and the T&C toolkit this brings, can help you get the most out of your greatest asset, your staff.

Recruitment

Beyond RDR, in these uncertain economic times how can you ensure that your firm has the best possible chances to profit from rapidly changing markets?

How do you address succession planning and make the most of younger talent, with new business ideas? Are you interested in recruiting new talent, but put off by the time and money you would have to invest in the initial training and induction of raw recruits?

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