Everyone learns through experience. We struggle with many things in our initial years that in retrospect seem very simple. We asked a few advisors what advice they would give themselves if they could go back in time. Here is what they say:
Shifali Satsangee, Funds Vedaa
If I could go back in time, I would advise myself to finish my CA. When I got married, I gave up my studies midway. Had I completed my studies, I would have been better placed financially today.
Nikhil Naik, Naik Wealth
One advise I wish I could give myself is that it is better not to on-board a client than on boarding the wrong client.
In the initial years, I would on-board anyone who wanted to be my client. Even when things were not going well, I continued to service them. Looking back, I wish I had been more selective and cut out some of the dead weight sooner.
Tarun Bhirani, TBNG Wealth Advisors
Given the chance, I would tell myself to go for a more structured approach from the beginning.
Though we built a proper organizational structure after 3-4 years, I wish I had done that sooner. This would have saved a lot of time for me and boosted my credibility further.
Tejal Gandhi, Money Works
Had I known in my initial days about some of the regulatory changes (especially RIA related ones,) I would have structured my business differently. Today, after building my client base based on one revenue model, it is extremely difficult to shift.
On the lighter side, I wish I could gift WhatsApp and other social media to the younger me. I could have saved so much time and money if I had them then!
