Service versus Hospitality


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.

October 4, 2024 | 2 Minute Read
In his book,“Unreasonable Hospitality” Restaurateur Will Guidara, wrote about a question he asks everyone.
“What’s the difference between service and hospitality?
The best answer I ever got came from a woman I ended up not hiring. She said, ‘Service is black and white; hospitality is color.’
Black and white means you are doing your job with competence and efficiency; color means you make people feel great about the job you are doing for them. Getting the right plate to the right person at the right table is service. But genuinely engaging with the person you are serving, so you can make an authentic connection – that’s hospitality.”
The same is true for you and every financial professional…
You can ensure every process is followed, deliver every report on time, and make sure the numbers are accurate. But it ends there.
Hospitality, on the other hand, brings color. It’s about making clients feel valued, heard, and understood. It’s about genuine care. While service is transactional, hospitality is transformational. It transforms an interaction from just another meeting to a meaningful connection. And this is where you can elevate your relationships with clients.
In our profession, getting the right product or investment recommendation to the right client is service. But to make a lasting impact, to genuinely engage with the person behind the portfolio, is hospitality. It’s about asking the deeper questions. What are their real dreams? What keeps them awake at night? Where do they see their life going, beyond the numbers?
Hospitality in our profession/industry is about building trust that goes beyond transactions. Clients don’t just want you to handle their money; they want to know you care about their goals and challenges. That’s the difference between someone who provides financial counsel and someone who becomes a trusted partner.
When you bring hospitality into your practice, the relationship transforms. It becomes more than delivering a service—it becomes about crafting an experience. An experience where clients leave meetings feeling more secure, more understood, and more confident about their financial future.
Hospitality is about anticipating needs, listening intently, and making clients feel important. It’s knowing that beyond every account, there’s a life story. A story you can help shape and nurture. An amazing integration of your technical work and hospitality brings color to the lives you touch.
In today’s fast-paced world, anyone can offer service. But only a few can offer hospitality. Financial professionals who learn to offer both will not just retain clients—they’ll build lifelong relationships. And that’s the true essence of success in our profession.
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