| Jan. 08 2008 at 1:21 PM |
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I would like to start financial advisory company. functions of company Consulting people about their investments : Real estate, Equity Market and Capital Market.
I would like to know wht all information to accumulate and Staffing.
Reply Soon.
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| Jan. 09 2008 at 9:32 PM |
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There are two ways to get education--one is through books, the other is through experience. I think it's important to have both.
Depending upon what you are wanting to do and what your state's regulations are, you may need to get college education and meet state's requirements. Make sure you are practicing legally. If you are not, than you may face bigger problems.
Surround yourself with people smarter than you. I have done so and get so much training/mentoring from Robert Allen, and other top business people. It just makes my business that much better.
Good luck!
Natalie Berrett
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| Jan. 09 2008 at 11:54 PM |
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Certain businesses lend themselves to life experience. Others sort of
require that you have credentials and credibility. A financial advice
company, where you're handling other people's money, is likely going to
be a tough sell if you have no professional credentials.
We won't get into Bill Gates' background, but consider that Oprah
Winfrey is doing a talk show. She's got a great sense of what people
want to see, how to interview, and has a finger on the pulse of her
audience. But she's not asking that audience to give her their life
savings in order to have it managed for them.
So too, if you're going to build a bridge or fly an airplane and don't
have any formal education in that area, you likely won't work.
These kinds of articles are a bit misleading, in that they focus on
business "sense." Not business training, eduction, or management.
Think about sailboat races: Do you need to have a formal education in
order to sail a boat? No. But you'd sure better have some good hands-on
training in stead of that formal training! However; beyond that
training, in order to win the races you have to have an "intuition"
about the wind, water, and relationship to other boats.
If you're doing well in business and don't have a formal education,
then no, you probably don't need that education. You can get it later,
or hire somone to handle what you don't know. But if you're just
starting out, and want to succeed in business without ANY education,
you're likely to fail pretty close to immediately.
And, of course, that in itself is an education. :-)
Craig Landes
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Defining the undefinable. "There are 10 kinds of people in the world---those who understand binary numbers and those who don't." - Unknown
International Society of Curmudgeons
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| Jan. 20 2008 at 10:03 PM |
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CraigL wrote: Certain businesses lend themselves to life experience. Others sort of
require that you have credentials and credibility. A financial advice
company, where you're handling other people's money, is likely going to
be a tough sell if you have no professional credentials.
. . .
If you're doing well in business and don't have a formal education,
then no, you probably don't need that education. You can get it later,
or hire somone to handle what you don't know. But if you're just
starting out, and want to succeed in business without ANY education,
you're likely to fail pretty close to immediately.
And, of course, that in itself is an education. :-)
My bold. Absolutely right Craig - nothing teaches like a failure! Nothing teaches you to dance as well as getting giddy and falling flat on your face.
I think Naveed is gone(?) but I notice he is from Bahrain. Not a clue what the rules are there, and it isn't really clear to me if he is starting a business for himself to provide these services, or if he proposed to hire people with those qualifications.
Up here the rules governing what are called financial advisors are pretty lax. There are a variety of programs that offer semi-professional courses in this area, some of which are sponsored.accredited by the investment community itself. You can take those courses and hang out your shingle. Having said that, you will be competing with more established houses that have fairly highly accredited people (BMAs and so on), so it is a tough sell.
I spent a couple of decades getting kicked around in the school of hard knocks before going back for an MBA. Truth to tell, I looked at the kids (23-26 mostly), I looked at the curriculum for the entrepreneurship courses, and began to cry. Those poor kids . . . Good thing most of them end up in banks or at brokerages, cause they would get eaten alive!
Mike
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| Jan. 21 2008 at 6:02 PM |
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Dennis Prager
and I concur that nowadays, college does a pretty good job of ruining
most of the students who go there. ;-) Maybe they should have warning
labels on their brochures?
Craig Landes
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Defining the undefinable. "There are 10 kinds of people in the world---those who understand binary numbers and those who don't." - Unknown
International Society of Curmudgeons
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| Jun. 09 2008 at 8:45 PM |
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LiveWise wrote:
There are two ways to get education--one is through books, the other is through experience. I think it's important to have both.
Depending upon what you are wanting to do and what your state's regulations are, you may need to get college education and meet state's requirements. Make sure you are practicing legally. If you are not, than you may face bigger problems.
Surround yourself with people smarter than you. I have done so and get so much training/mentoring from Robert Allen, and other top business people. It just makes my business that much better.
Good luck!
I believe we actually have three ways to get the needed education as you have pointed out. One by books. Two by personal experience and Three by learning from others' experiences. The third one I believe is used by the wisest entrepreneurs and business professionals. You stated that we should surround ourselves with people smarter that us. I might add to that people who are wiser than us. For they may not be smarter but their experience can surly make them wiser. Their shared wisdom can surly save us a lot of grief.
I have seen over the years how so many of our people in CEO Space have learned how to pick the proper mentors, ones that you just know are a good fit when you talk to them. You seem to resonate with them in terms of your vision and approach. It's amazing when you form the "right" team how things happen so much more quickly. I think you actually energize each other when you sit down to have a meeting (and who likes meetings?). In this case the sum ,when placed together, produces more energy the that parts alone.
 I hope you understand what I'm trying to say here.
Rob Adams
CEO Space Northeast Regional Director
www.ceospace.net
www.ceospace.biz
www.ceospacenortheast.com
302-698-1709
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| Jun. 11 2008 at 12:36 AM |
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Y'know, that's a really clever point, Rob, and one I think I'm gonna
steal. :-D We've gotten so used to hearing the term "book" education,
and automatically applying it to "copying," that we fail to keep them
distinct and separate.
The best of all ways to learn anything is by copying examples provided
by a real person, then getting their feedback and suggestions. Along
the way, the "mentor" hands over the reins, so to speak, and the
student becomes a journeyman.
In fact, that's the natural way children learn to be human and to
function in the world around them. Books come in handy when formalizing
underlying theory and principles, formulas and to get a historic
background. "Trial and error" all on one's own tends to lead to
recreating the wheel.
But having an older mentor and practiced advisor/teacher is the best of all ways to learn things.
Excellent post!
Craig Landes
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Defining the undefinable. "There are 10 kinds of people in the world---those who understand binary numbers and those who don't." - Unknown
International Society of Curmudgeons
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