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Guides to start a business in finance or insurance


Open a business in finance or insurance using our guides dedicated to each business activity. Market research, business plan, financing: we cover everything!

Welcome to our page dedicated to setting up a business in the financial sector!


Whether you're interested in credit or insurance broking, wealth management or launching a fintech startup, you've come to the right place.

Our collection of over guides covers a wide range of opportunities in the financial sector, and offers valuable information and practical advice to help you start your journey into the world of banking, finance and insurance.

Each guide is designed to provide step-by-step instructions on assessing the business opportunity, choosing a legal structure, writing your business plan and securing the finance you need to launch your business.

Whether you're a finance professional, a technology enthusiast or a budding entrepreneur, these resources are designed to provide you with the knowledge and tools you need to thrive in industry.

entrepreneurs starting a financial company

Frequently asked questions about starting a financial business


Why start a business in the financial sector?
Show answer

Entering the world of financial entrepreneurship offers exciting opportunities for innovation, impact and financial empowerment.

By facilitating access to credit and insurance, providing expert wealth management advice and driving technological advances in finance, such businesses play a crucial role in how individuals and companies manage their money and achieve their financial goals.

By setting up your own financial business, you have the opportunity to make a positive impact on people's lives, businesses and communities while pursuing your passion for financial excellence and innovation.

Why do I need a business plan to start a business in the financial sector?
Show answer

A business plan is a written document that sets out the commercial, operational and monetary objectives of a business and explains how it's going to achieve them.

To put it simply, it consists of two distinct parts:

  • A written part that presents, in detail, your project, the team, your business strategy, and your medium-term objectives.
  • A forecast that highlights the expected profitability of the project and the funding requirements.

The absence of a business plan is one of the main reasons why more than 50% of new businesses fail within five years. If you are starting a financial business, drawing up a business plan is essential to reduce the risk of your project failing.

Most partners (banks and investors) also require a business plan before granting funding. It is therefore strongly recommended that you write a business plan if you are seeking a loan or capital to finance your start-up.

What factors need to be taken into account before opening a business in the financial sector?
Show answer

Here are the main factors to consider before starting a financial business:

  • Demand and the level of competition in the target markets.
  • Applicable regulations and standards.
  • Access to talent.
  • The customer cycle: prospecting and lead generation.
  • The long-term financial feasibility of the business.
What are the most common challenges faced by businesses in the financial sector and how can I negate them?
Show answer

The most common challenges facing financial companies include:

  • Intense competition in the financial sector.
  • Complex regulatory requirements.
  • Financial and operational risk management.
  • Rapid technological innovation and adaptation to new trends.

To negate these challenges, it is crucial to remain agile, develop innovative solutions, maintain a rigorous compliance culture and engage in continuous professional development to keep up to date with the latest industry trends and practices.

Tools to help you start your financial business


The Business Plan Shop helps you start a successful financial business

Knowing whether or not your business idea can be profitable, and how much money will be needed to get started, are two key questions that every financial entrepreneur asks.

The Business Plan Shop helps you answer these two questions by enabling you to draw up a financial forecast comprising an initial financing plan, an income statement, a balance sheet and cash flow forecasts.

This financial forecast allows you to anticipate future income and expenditure, enabling you to assess the profitability potential of your business model and ensure that your project is financially viable.

Our online software also allows you to demonstrate the credibility of your concept by helping you write a business plan. This business plan can then be presented to your financial partners (lenders and investors) when you are looking for funding.

If you'd like to find out more, visit our page dedicated to business start-ups.

entrepreneurs who started a fintech business

Learn more about The Business Plan Shop


Financial forecasting software

Easily create a forecast over 3 or 5 years. Enter your data and let our financial forecasting software take care of the calculations.

Professional business plan

Our business plan writing tool makes it easy to create a professional business plan ready to be sent to lenders or investors.

Business plan templates

Download one of our many business plan templates or adapt one of them to your project directly in our software.

PDF export

Export your business plan in PDF format, and save time on the formatting which is already done for you by our software.

Faster than Word

Using The Business Plan Shop is much word faster than creating your business plan with Word.

Easier than Excel

Using The Business Plan Shop is much easier than creating your business plan with Excel.

Track KPIs

Analyse business performance using Key performance indicators (KPIs) and measure progress towards specific goals.

Compare actuals vs. forecast

Compare scenarios side by side, and track forecasts against actuals to ensure your business is headed in the right direction.

Sync accounting data

Import data from your accounting software in The Business Plan Shop in just a few clicks.

No installation required

No installation is required and the software updates automatically. You do, however, need an Internet connection.

Secure environment

We take the security of your data very seriously and have secured connection to the software by SSL.

Support team

If you have any questions or face any difficulties using the software, our friendly support team is on hand to help out quickly.

Start your free trial

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500,000+ entrepreneurs have already used The Business Plan Shop

Quite frankly excellent because I was able to finalize my business plan in less time than expected. This software offers a very coherent and complete approach to writing your project.

Mariama S.

A simple solution that's easy to get started with. The examples and explanations in each section are coherent and useful. The system is intuitive and enables you to draft your business plan with peace of mind!

Mickael F.

A very intuitive software, handy for any entrepreneur, even if they are new to financial and accounting concepts.

Cedric M.

It is a very well designed software that allows you to visualise each step of your project, understand if the idea is viable or not and think about the steps needed to start your business.

Cindy C.

More customer reviews and case studies

Try The Business Plan Shop

With our online software, you can check that your business idea is financially viable, assess funding requirements, and get a convincing business plan to secure funding from lenders and investors.

Try it for free

Free 7-day trial. No credit card required.

fintech business owner who used The Business Plan Shop
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