Margolis Advisory Group, Inc. . Investment Management . Consulting . Sales

Your Flight is Leaving…Or is It?

September 3rd, 2010

As summer officially ends and one is reminded of fall activity, winter, and even the dreaded snow of the future, we are reminded of the connection between the enjoyable summer vacation and business. When flying, one often encounters the “hurry up and wait” syndrome; passengers rush into the airport, through security, past the gate, and end up in a snail-paced queue onto the plane.

Returning from a restful vacation offers an opportunity to examine the investment business, and to ensure that our firms don’t operate like the aforementioned boarding lines. During the past few years, firms have been too slow to act because of the financial crisis, due to the fear and uncertainty created. Now that we are almost 2 years past the crisis, it is time to take advantage of the end of the summer and move forward. Fall is an ideal time to evaluate a firm’s strengths and unique advantages along with goals, to determine what actions are essential for success. In order to thrive, an investment firm needs to make true investments of its own—not just in securities for its clients—but in growing the business. Planning is essential, but equally important is taking action, whether in hiring staff, or making lift-outs and acquisitions. There is no time like autumn, with the thoughts of crisp air, to plan to succeed, and to succeed by moving forward.

Filed under: General

Tags: action, growing, planning, succeeding