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
The Mountain
There are two things that are standing between you and the person you want to be. In fact, these things end up building a mountain between you and your potential. I believe in your ....Read More
25 August, 2023 | 2 Minute Read
Nano Learning
Your Sworn Enemy
I must work hard to keep this enemy away. I bet you must too. In case you are wondering what I am referring to, let me quote philosopher Epictetus, “It is impossible for a pers ....Read More
25 April, 2024 | 2 Minute Read
Nano Learning
The 2 Most Essential Skills for having an Awesome Conversation
Most of you would be thinking about command on the language, being a fantastic orator, a degree in communication and so on. None of these answers are relevant as you are not giving ....Read More
21 February, 2020 | 1 Minute Read
Nano Learning
The Most Valuable Asset
Author Dan Sullivan captured a fundamental truth when he said, “The most valuable asset of any entrepreneurial organization is the confidence of the entrepreneur.”
15 November, 2024 | 2 Minute Read
Nano Learning
Interested versus Committed
Author Shane Parrish wrote, “Most people are interested. Few are truly committed. Interested people act when it’s convenient; committed people act no matter what. Interested pe ....Read More
27 September, 2024 | 1 Minute Read
Nano Learning
Mediocrity versus Mastery
Mediocre People look for Tips, Shortcuts and now Hacks. Masters know they have to achieve Mastery. Look at this Sketch carefully and reflect. You would have figured that the s ....Read More
4 December, 2020 | 2 Minute Read
- 1
- 0
0 Comments