7 moves that will grow your financial advisory business

By Guest |  10-01-17

4) Shore Up Your Short-Term Memory

How many times have you been walking to your office to call a prospective customer, your cell phone buzzes with a text message, and you reflexively read it? By the time you reach your office, you have completely forgotten about the prospective customer you needed to call.

Short-term memory is very unreliable. It can be thought of as an erasable chalkboard. Your brain offers a window of only 10 to 20 seconds before new thoughts run through your mind, wiping out the thought you had only a moment ago.

Memory is the stepping-stone of success. There are too many distractions in business to rely on your short-term memory. Forgotten phone calls, lost pieces of paper, missed appointments, and broken promises are just a few of the costs related to over-reliance on short-term memory.

Solution: Take a pen and notepad with you everywhere you go. Write down what you need to remember and stop relying on your fragile ability to store and retrieve important information.

Add a Comment
Please login or register to post a comment.
© Copyright 2024 Morningstar, Inc. All rights reserved.
Terms of Use    Privacy Policy
© Copyright 2024 Morningstar, Inc. All rights reserved. Please read our Terms of Use above. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
As of December 1st, 2023, the ESG-related information, methodologies, tools, ratings, data and opinions contained or reflected herein are not directed to or intended for use or distribution to India-based clients or users and their distribution to Indian resident individuals or entities is not permitted, and Morningstar/Sustainalytics accepts no responsibility or liability whatsoever for the actions of third parties in this respect.
Company: Morningstar India Private Limited; Regd. Office: 9th floor, Platinum Technopark, Plot No. 17/18, Sector 30A, Vashi, Navi Mumbai – 400705, Maharashtra, India; CIN: U72300MH2004PTC245103; Telephone No.: +91-22-61217100; Fax No.: +91-22-61217200; Contact: Morningstar India Help Desk (e-mail: helpdesk.in@morningstar.com) in case of queries or grievances.
Top