Something Powerful to Learn from Air Pods

Amar Pandit , CFA , CFP

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.

I saw this chart sometime in 2021. It absolutely blew my mind.

Did you know Apple’s revenue from AirPods was $23.05 billion in 2020? This was as high as Netflix, 25% lower than Tesla’s and almost equal to that of Uber, Spotify and Shopify combined.

What did you learn from this data?

If there is one thing to learn, it’s the power of focus (and scale).

In our industry/profession, most people want to do everything. We want to do mutual funds, stocks, PMS, life insurance, general insurance, home loans, real estate, international investments, tax, wills, legal, financial planning, and every possible thing. 

At the same time, we want to do this for everyone. We want to please everyone. We don’t want to say “NO” to anyone.

This is a recipe for lower growth, higher costs, operational inefficiency, and overall mediocrity.

Make FOCUS your priority this financial year and beyond.

If so, what are you going to Focus on and more importantly, what are you going to say “NO” to?