Transformation or Transaction
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.
October 15, 2021 | 2 Minute Read
Pretend for a moment like you have not seen the above Sketch.
Which one of the two is truly powerful – Transformation or Transaction?
I am asking this in a general sense.
Which one do you think?
Now, answer the question in the context of your business and firm.
What is more valuable for your customers – Transformation or Transaction/Access to an Investment?
A Transaction is a commodity even if it is faster, better and cheaper. It is still a commodity and will always remain one. You might use a fancy phrase like “democratizing finance” or (fill in the blank) whatever pleases you.
Transformation on the other hand is about transforming lives. It is about helping people live the lives they have imagined with their money.
Can you see the difference between the two?
Is your business transactional or transformational?
Are you transforming lives or Are you providing faster, better and cheaper access to transactions/investments?
The answer to this one will determine the real value of your firm.
Wish you and your family a very HappyRich Dussehra.
Similar Post
Nano Learning
The way to handle an important prospect conversation
Amar Pandit , CFA , CFP
“I need time to think” is a centuries old excuse people use, when they cannot decide. Have you come across a prospect who tells you “I need time to think”? Do you think the ....Read More
30 October, 2020 | 2 Minute Read
Nano Learning
It’s Priority
Amar Pandit , CFA , CFP
In his book “Essentialism – The Disciplined Pursuit of Less”, Greg McKeown wrote, “The word priority came into the English language in the 1400s. It was singular. Priorit ....Read More
27 January, 2023 | 2 Minute Read
Nano Learning
The 3 Layers of Clients
Amar Pandit , CFA , CFP
There are 3 broad layers of clients in our profession according to Dennis Moseley Williams. The first layer comprises people who want something special and will invest more time ....Read More
6 August, 2021 | 3 Minute Read
0 Comments