In this edition of ‘Principal Business Champions – Winning Ideas’, we asked distributors to share with us two life lessons they learnt from the year 2020.
This poll is a joint initiative between Principal Mutual Fund and Cafemutual that offers a platform to the mutual fund distributor (MFD) community to share their valuable experiences and best practices.
We have received some interesting responses from distributors. Here are the entries that received the highest votes.
Website winner: Maninder Singh Chadha
One important lesson I have learnt from 2020 is maintaining a healthy lifestyle. I have made changes to my daily routine by including exercise and diet plan to stay fit.
The second important lesson is to have income from multiple sources. Many people have lost jobs and faced financial constraints due to salary cuts and business losses in 2020. Relying entirely on a single source of income can be very risky in times like this. In my case, I have started distributing other financial products like insurance, NCDs and so on to diversify my income.
Facebook winner: Chandan Ghosh
More than ever, I have learnt to adapt to evolving situations. During lockdown, I was not sure if work from home would work in the distribution business. However, as time goes by, I have become comfortable working virtually from home.
Second lesson is to go digital to grow business. We have come a long way from hosting physical meetings to virtual meetings, conducting video KYC, risk profiling and so on digitally.
Twitter winner: Kunj Bihari Gupta
I have learnt to acquire new business skills through webinars. I took the year 2020 as an opportunity to invest in myself and upgrade knowledge and skills for growth. I have attended many business development webinars in the last 6-7 months. Currently, I attend at least two webinars a week depending on the topics and speakers.
Maintaining mental health and exercising regularly is another life lesson for me this year. In fact, it is not necessary to go to gym; taking a 30-minute brisk walk or 30-minute session of yoga on a regular basis is enough to bring positive change in your life.
