The Assumption Story
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 4, 2021 | 3 Minute Read
I had heard this true story somewhere though I do not recollect the exact source.
A Professor once told his student “Never work for a firm where there are no graduates (right out of college) or people with no experience.”
What do you think of this line?
When you just read the above sentence, it might not sound insightful to you. Trust me, it is super powerful. Let me explain.
The Professor went on to add “It is because people get stuck in certain ways of doing things. Some faulty assumptions are baked into the mindsets of people. These assumptions made in the 1970’s,1980’s or 1990’s might have been true then, but they are not so now. People who live with these faulty assumptions do not see their assumptions changing. They keep doing what is worked. They don’t have people who might one day ask a seemingly stupid (very powerful one according to me) question.”
The question is “Why are we doing it this way?” Another variation “Is there a far better way (not incrementally better but exponentially better)?”
Do you see the powerful insight now? Do you see any similarities with our industry?
I cannot tell you how true this is for our space too. I would add one more thing beyond having fresh talent. We need to have people who come from different industries beyond the traditional financial services space. Most people come in this industry from life insurance, stock broking, banking, or accounting firms. Thus, we continue to operate on some assumptions about the future.
Think about it.
What are the assumptions you were making previously? What are the assumptions you are making NOW?
P.S I came from outside the industry and thus asked this stupid question “Why are we doing it this way?” I ask the same question to all of you. I encourage you to ask yourself the same question.
Similar Post
Nano Learning
Just Start It
Many of you loved last’s Friday’s Nano “The Root Cause of your Stress”. I personally loved it too as I am doing some deep work in the space of helping each one of you reali ....Read More
13 November, 2020 | 2 Minute Read
Nano Learning
The Similarity between Horses and Excel
Henry Ford once said that if I had asked consumers what they need, they would say Faster Horses. However, the reality was that they needed cars. Fast forward today in our industry ....Read More
29 May, 2020 | 1 Minute Read
Nano Learning
These are the only 2 ways you can change
You either change by Design or by Disaster The choice is yours. What will it be for you? Or is there a third option... No Change… Still the choice is yours. P.S. The third o ....Read More
15 January, 2021 | 2 Minute Read
Nano Learning
Always ask these 2 simple questions in any situation
The answers to these questions should guide you in any situation whether business or life. The 2 simple questions are
9 October, 2020 | 2 Minute Read
- 0
- 0
0 Comments