Be a hardcore salesman or you won't last as an FA
Pros
****Before taking a job as an FA you need to look at yourself and seriously ask yourself if you are willing to cold call/knock on strangers doors for years. Everyones says they can but very few can. If you are part of the 20% or so who make it, you'll get rich. This firm is great if you are a salesman. If you aren't you'll be gone quickly. -Freedom of owning your own business (but remember you don't own your business) -Fantastic support system to help you but YOU have to do the work -Great bonus structure and incentives to help you build along the way
Cons
- Prospecting and selling family, friends (can be complicated) - Always have to be selling - Your clients aren't yours if you leave, VERY BIG DEAL but no one cares when they're just starting - Very hard to build your business from scratch - Hard to compete against lower cost alternatives