BY MOREY STETTNER, FOR INVESTOR’S BUSINESS DAILY
Some advisors carry an entrepreneurial gene. They are risk-takers who chart their own destiny by building a successful business from the ground up.
But they may not stop there. As much as they enjoy counseling clients on personal finance — and helping them plan for the future — restlessness can set in. Eager to tackle new challenges, they may launch side businesses while growing their advisory practice.
Take Brett Danko. In 2001, he opened a solo fee-only firm at age 33. At the same time, he wanted to teach adults to improve their financial literacy.
So he did both.
Running A Successful Business On Several Levels
Once he earned his certified financial planner (CFP®) credential in 2002, he expanded his teaching to include tutoring programs to help advisors pass the CFP® exam. He also entered the professional speaking circuit, addressing audiences on financial topics.
Today, Danko continues to run his successful business, Main Street Financial Solutions in Newtown, Pa. He also helps advisors prep for the CFP® exam.
In this interview with IBD, Danko, 51, discusses how he weathered his first year in business, how to be a successful entrepreneur and how he plotted the strategic growth of both his advisory firm and his other income-generating activities.