Did you know this 12X Difference?


Amar Pandit
A respected entrepreneur with 25+ years of Experience, Amar Pandit is the Founder of several companies that are making a Happy difference in the lives of people. He is currently the Founder of Happyness Factory, a world-class online investment & goal-based financial planning platform through which he aims to help every Indian family save and invest wisely. He is very passionate about spreading financial literacy and is the author of 4 bestselling books (+ 2 more to release in 2020), 8 Sketch Books, Board Game and 700 + columns.

July 2, 2021 | 3 Minute Read
According to McKinsey’s latest US Asset Management Report, the gap in valuations between the best and the rest is 12X.
Aren’t you shocked or surprised?
Similar or higher differentials are also applicable to the difference between the best wealth firms and the rest.
The difference is huge, but the sad part is that most do not see it. Most do not realize that is costing them real money.
Let me give you an analogy. I play cricket. I play pretty well. I played for my college, but I am not Sachin Tendulkar. There is a 100X or probably a 1000x difference or higher between his cricketing skills and mine. Yet I used to teach him through my television set while he played. You should have played like this or that. Don’t we all do it?
Just because I play cricket does not mean I am Sachin Tendulkar, or I play as well as him. Similarly, just running a firm and building the best firm are 2 different things.
A common response by many distributors and advisors is “I also do this.” This is exactly like me saying “I also play cricket.”
Can you see the difference?
There is real money at stake here for you. Do what is necessary (even if it makes you uncomfortable) to bridge the gap between the best and the rest.
There are no shortcuts or magic pills.
The best become the best because they pay the price and do the work that needs to be done (even if it makes them uncomfortable). They keep practicing, improvising, learning, and getting better. They also unlearn when it is necessary to do so and relearn. It is for no reason they are called Masters. By the way Sachin does not stop practicing because he is Sachin Tendulkar. He in fact practices more because he is Sachin Tendulkar.
Do you even know how much “inaction” costs you? According to McKinsey, it is costing you a lot. You can either bridge the gap or make it wider.
The choice is YOURS.
P.S. We help founders, professionals and firms wanting to be the best, actually be the best and to build real value in their firm.
If you need help with your firm, click here and answer the brief questions.
Similar Post
Nano Learning
Your Investor’s Life Movie
There is tech for providing access. There is tech for firing transactions. There is tech for CRM and operations. And there is tech for reporting. In short, we have tech like the pi ....Read More
26 January, 2024 | 2 Minute Read
Nano Learning
The Difference between Growth and Scale
Many people confuse between Growth and Scale. There is a massive difference and understanding this will be critical to some of the decisions that you take. As you grow, so does y ....Read More
5 February, 2021 | 2 Minute Read
Nano Learning
Indigestion or Starvation
What do you think is one of the main causes of failure of many companies? Hint - I have written extensively about this, as something that every financial professional must implem ....Read More
11 February, 2022 | 2 Minute Read
Nano Learning
Horseless Carriages
I am so fascinated by this headline (and change as a subject) that for the first time in almost 2 years, I am publishing the same post in both of my blogs www.happyrichinvestor.com ....Read More
22 October, 2021 | 2 Minute Read
Nano Learning
Changing of the Guard
If you have been to London, chances are you have seen the “Changing of the Guard” ceremony at Buckingham Palace. Millions of people from around the world flock enthusiastically ....Read More
14 October, 2022 | 2 Minute Read
Nano Learning
The Shangchi Dialogue
I recently saw the latest Marvel gem "Shangchi". This was the first Marvel movie (besides Black Panther) I did not sleep in. I know my daughters and all Marvel fans will hate me f ....Read More
17 September, 2021 | 2 Minute Read
- 0
- 0
0 Comments