The Ultimate Competitive Advantage


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.

December 22, 2023 | 2 Minute Read
Many of you loved the post “The Unbeatable Edge” in which I talked about our competitive advantage(s). While I intentionally left a couple of them out, I missed one of the important ones (for all of us).
Mark Hurley, a wealth industry veteran, recently wrote about it in the Financial Advisor Magazine, “The single greatest competitive advantage of any wealth firm is having decisive owners with very long investment horizons, those who think in terms of decades rather than years. Successful firms will make substantial investments that won’t pay off for a very long time. They will also decide on and implement strategies today that will determine their outcomes in 10 to 15 years.”
Read the above lines a few times…Meditate on them…I can’t tell you how important this competitive advantage is …
The words to remember are – decisive owners, long-term investment horizons.
The key questions for you then are:
- How decisive are you?
- Do you think long -term for your business? This is different than thinking long-term for yourself.
- What are you doing to build the firm of the future?
The reality is that not everyone will be successful at building the firm of the future (and real enterprise value).
Will You?
P.S. We have done (and we continue to) investments with a very long-term (10-20 years) horizon on your behalf. Many partners across the country have recognized this and are collaborating with us. We welcome decisive business owners on this journey of making a HappyRich difference in the lives of people.
Similar Post
Nano Learning
Map versus Compass
A Map gives a specific direction between 2 places. A Compass on the other hand only gives Direction. We often look for a Map in everything we do. However sometimes, a compass is al ....Read More
18 December, 2020 | 2 Minute Read
Nano Learning
The Truth About Being Creative
There is a creative person in all of us...yes in all of us...but many of us kill our creativity (and the creative person inside of us). The best part is that we don’t even realiz ....Read More
17 November, 2023 | 2 Minute Read
Nano Learning
Chief Change Officer
When I ask IFA’s to state their problem, the first thing most people say is GROWTH. I tell them “Growth is not your Problem; Growth is the Result of your Problem.” Let us sa ....Read More
7 August, 2020 | 2 Minute Read
Nano Learning
The 4 Different Types of IFA Technology
As you can see in the Sketch above, there are 4 Types of Technology that an IFA can implement. Most have focused on Technology for Operations, Client Servicing and Practice Managem ....Read More
21 August, 2020 | 3 Minute Read
Nano Learning
The 2 Lives
Steven Pressfield in his book “The War of Art” writes “Most of us have 2 lives. The Life we Live and the Unlived Life within us. Between the two stands resistance. I cannot ....Read More
21 May, 2021 | 6 Minute Read
Nano Learning
The Way to Price
Pricing is a complex subject (not to mention the creativity that is often required in it) and one that is rarely understood by most people. Knowing the costs of your services is no ....Read More
20 May, 2022 | 2 Minute Read
- 0
- 0
0 Comments