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Any keen observer would agree that the Indian cricket league is much more than overs, runs and wickets. And India’s biggest cricket league binds people across different demographics.
Team Cafemutual has drawn some lessons from India’s biggest cricket league that you can implement in your business to grow. Let us look at them:
Indian cricket league: The current season of the cricket league has seen involvement of next-generation bidders/team owners
Business lesson: Business succession planning is a must
A succession plan takes your business legacy forward. Additionally, it also bestows trust in your employees and investors that their interests will always remain protected.
MFDs should also plan their succession by including family members or other like-minded people having a similar value system. Also, introducing your successor to your clients is a good first step to start this process.
Indian cricket league: Every team leverages the strengths of players of different nationalities and experiences
Business lesson: Collaborating with experts to diversify your offerings
MFDs should look at offering multiple products and services. If they do not have the expertise, it is better to tie up with experts like tax consultants, lawyers and insurance brokers to diversify their offerings. This way, they can increase wallet share from existing clients.
These were the two lessons that we drew from the ongoing cricket league. Are there any other lessons that you would like to share? Do let us know in the comment section below.
All work and no play makes Jack a dull boy
Let’s take a quick break and rejuvenate by participating in the Cricket Icon Contest. The contest is jointly launched by Union Mutual Fund and Cafemutual to help you enjoy the nation’s favourite game even more.
The contest is already live, here for the complete details.
