Making the decision to go it alone as an actuary is an involved one, and countless seminars are given on the topic every year. But once that decision has been made, finding success and managing the risk of starting a business can be balanced with strong planning, a service one-leading business plan company is proud to now offer to actuaries.
"Independent actuaries often struggle to find their niche and consult in areas where they feel comfortable," said Joseph Ferriolo, director of Wise Business Plans, which provides custom business plans for sole proprietors and companies of all sizes. "Wise has committed to the inclusion of the most up-to-date market research and demographics, which can help with this part of the process, as our clients look to carve out their own area of specialty."
Ferriolo said, as with any other business, there are marketing considerations and funding concerns that must be addressed when starting an independent actuary firm — something those who have never gone out on their own may not have considered.
But Wise can help, he said, and the MBA-educated writers on staff have extensive experience with all aspects of business creation.
"From marketing to estimating future personnel needs, our planners can help with any and all issues that arise," Ferriolo said. "Financial risk — and how to mitigate it — is the thing actuaries understand best. So the professional services we bring to the table should be an obvious choice for them, because minimizing risk and maximizing success is what we're all about."
Wise Business Plans (wisebusinessplans.com), staffed with professional MBA writers, researchers and financial experts, is a trusted partner for businesses across a broad spectrum of products and services. Our mission is to empower our clients to make the best possible business decisions, boost company performance and facilitate their funding success by laying the groundwork for strong businesses that excite, inspire and retain talented and exceptional employees.