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Planning to move to another field? Do you think changing your line of business is the best move for you at the moment?
When your current undertaking has dried up and opportunity knocks in another business course, it is time to leave the former.
But do not discard your valuable cards behind on the table. It is best to move your “book of business” with you.
These prized aspects of your current or former enterprise you so lovingly tended can be of great help in drawing up a plan for your new venture.
It is also a relationship management method resorted by various companies in achieving and maintaining a close connection with high-value clients.
The term “book of business” is usually associated with banks as it relates to their clients that provide a huge influx of revenue.
In many instances, banks usually segregate their client population into appropriate groups to determine their value to the business.
That’s a very big mistake. Not only is it very unfortunate, it’s a real waste of sweat, blood, and tears.
It takes years and tons of effort to develop a “book of business”; mostly it has to do with building and maintaining the trust and confidence with clients.
Thus, your best recourse when retiring from a particular venture is to sell your “book of business” to an interested party or move it to your new enterprise.
It’s an option available to you if you intend to retire from pursuing your current undertaking you’ve established.
The way this works is that they will pay cash, in staggered or lump sum basis, in exchange of the client list and other books of your business.
But with the evolution of the economic landscape, negotiating deals involving these books is a lucrative idea.
When you need help selling or appraising your enterprise, look to the trusted financial advisor recruiters Scottsdale.
Get in touch with Rhino Search Group. They are the premier advisors to some of the top financial services firms in the state.
With a strong commitment to find the perfect fit for your venture, these experienced advisors can help you.
Rhino Search Group 8970 E Raintree Drive Suite #300 Scottsdale AZ 85260 Phone: 480-361-9490 Email: [email protected]