Pathfinder or Bystander
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.
June 12, 2020 | 1 Minute Read
I had heard (New York University – Stern School of Business) Professor Amy Webb talking about Pathfinder and Bystander companies.
Pathfinder companies are those who understand the trends happening in their industry and utilize them to their advantage.
Bystander companies are those who choose to do nothing. I think they see the trends but like most people feel nothing is not going to happen to them or impact them. In short, they let things happen to them.
The trends in our industry and profession are clear:
- There are no geographical boundaries anymore and thus competition will be fiercer.
- Customer adoption of Technology has accelerated beyond imagination. People are far more comfortable meeting virtually. Tele Wealth is here to Stay.
- People want personalized solutions. Additionally, the value proposition is shifting from pure investments /transactions to helping people find a purpose/meaning for their money (Live their Happiest Life).
- There will be many regulatory changes that could force business models to change.
- Finally people are craving for Human Connection and thus your Client Experience becomes paramount.
There are many more, but these are sufficient ones to get your thinking energized.
So, what type of person or firm are you?
Are you going to be a Pathfinder and take advantage of the trends happening in your industry/profession?
OR
Are you going to be a Bystander and let your business be destroyed by the termite of INACTION?
Similar Post
Nano Learning
Which Door do you Prefer?
Steven Pressfield in his marvellous book “Do the Work” says “A perplexed person stands before 2 doors. One Door says “Heaven”. The other says “Books about Heaven”. Wh ....Read More
2 October, 2020 | 2 Minute Read
Nano Learning
The Weakest Link Continued
Thanks so much for all your lovely responses. There were different responses such as -Process or Method of reaching prospects effectively -Negativity in media about distributor ....Read More
25 June, 2021 | 3 Minute Read
Nano Learning
The 3 Types of People you are surrounded with
All of us will be surrounded with 3 types of people. 1. People who we can learn from: I cannot state how important these people are for your personal and professional growth. The ....Read More
10 July, 2020 | 1 Minute Read
Nano Learning
Skeptic or Cynic
Most people confuse the two words mentioned in the headline. Not understanding the difference has real implications for your business. In fact, this might even be costing you time ....Read More
7 October, 2022 | 2 Minute Read
Nano Learning
The 2 Most Important Days of your Life
I am sure most of you can guess the first one. The Day you were Born. The Second is the Day you figure out WHY you were Born? Have you found your Second Day yet? I found my s ....Read More
1 January, 2021 | 2 Minute Read
Nano Learning
STOP This Habit
I came across this insightful image the other day. It’s so good that I had to share it and write a few thoughts about it. This thought not only applies to us in our profession, ....Read More
5 July, 2024 | 2 Minute Read
- 1
- 0
0 Comments