Firstly, decide on the areas of service you are going to offer. When you are in the chair of money management executive you have to decide what the services you are going to offer are. You can offer service on tax matters, budget creation or debt counseling, or do the job of writing checks and paying bills. The list of services you are going to provide for your clients and those not provided should be listed so that there is no ambiguity.
Your money management business should have a good name. The name chosen should have relevance to your business. Decide where you intend to run your business – if the service is from your home premises or from a rented space. Set up a professional space for your clients.
Have a web site for your business by registering a domain name. Purchase web hosting and get the site designed. Website designing can be outsourced to freelance sites. They will do the task for you. Register a corporation with limited liability in your company’s name. The state government‘s website will provide all the information that is required for registration.
You have to stock the essentials to run the business on a daily basis. Stock receipt books, leaflets on debt, budget principles for investor education. All these you can give to your clients, while discussing with them about these matters and services.
Contact newspapers in your region to give advertisements. The space should be used effectively to give an eye-catching title and description of your business. Include your website address and contact address.
You need to give order to print some business cards to be circulated in the town of your business. Post these cards in the bulletin boards locally and give it to prospective clients when you meet them.
Hold a workshop in the area of your operation to let the public know of the business that you offer. The services of money management executive would also include debt counseling. This service will be looked upon by many as a useful service. Chose the venue for the seminar in the community colleges or meeting halls in your local area. A workshop helps educate the clients with the required information and also gets publicity for your business promotion.
If all this set up has been completed, then the major work is over. The other thing is to promote your business are proficiency in your work and client satisfaction.