Is it just me or has “disruption” suddenly become a buzzword in financial services?
It seems like every time I turn my head someone else is delivering some disruption-related workshop or webinar for advice professionals.
The danger when a term starts becoming so widely used is that the meaning of it becomes dulled down. Kinda like “holistic advice”, or “client-centric design”, or “Kim Kardashian”.
The truth is disruption is about two questions to ask yourself to work out whether you’re part of the evolution or a target:
- Is my business doing things better, easier or more efficiently than last year?
- Am I offering a service, or am I in the experience business?
Right now we’re in an interesting space. The businesses that are able to nail their new business model now will pull away from the pack, building up a lead that won’t be drawn back until the next big wave of change.
If you need a case study to show you what I mean (and what NOT to do), let me share the story of the phone that used to last all weekend…
Why Secure Passwords Matter and How to Create Them
10 Ways to Celebrate International Women’s Day
Becoming a Great Podcast Host with Celeste Headlee
New Guiding Principles for Opportunity Zone Investors
Leaders: Do You Challenge Your Status Quo?
9 Marketing Trends That Will Dominate This Year
How To Keep Envy From Destroying Your Workplace
6 Tips to Help Your Journey to Retirement
Who Do You Sell to First
Business Owners Should Set 3 Types of Exit Goals
Forward-Looking Investing22 hours ago
Moat Investing: Powered by Morningstar
Market Strategist22 hours ago
We Are Not Convinced the Market Storm Has Completely Passed
Development22 hours ago
Advisors: How To Answer “What Do You Do?”
Markets2 days ago
Higher Mortgage Rates, Student Loans and Nike
Equities2 days ago
7 Stocks That Pay the Largest Dividends of All That Trade on Nasdaq – Or Do They?
Advisor2 days ago
The Wizards of Wall Street vs. The Selbees from Michigan
Markets3 days ago
The Chameleons Are on the Run
Compliance3 days ago
Regulators Focusing on How Firms Identify, Monitor and Test Custody Scenarios With Client Assets