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Jul 25, 2006 8:46 pm

I would like to know from the veterans.......what is the one thing that you would do differently early on in your career if you had to do it over again? 


Jul 25, 2006 9:13 pm

Played more Tic Tac Toe with our office assistants....

Jul 25, 2006 9:16 pm
blarmston:

Played more Tic Tac Toe with our office assistants....


Nice one.


Jul 25, 2006 9:16 pm

or at least her friends......

Jul 25, 2006 9:17 pm

I would have gone independent at least 5 years earlier than I did.

Jul 25, 2006 9:40 pm

I would have told people who were immature about money, and had unrealistic expections the cold, hard truth.  I wouldn't have thought twice about it, and I would have moved on to a client who I could serve better.  You think you can save them all in beginning, but you can't.

Jul 25, 2006 10:04 pm

buy INTC IPO


Jul 25, 2006 11:05 pm

Short VG after the IPO!

Jul 26, 2006 7:00 am

I would have eaten less, excercised more and ignored anyone that would have less money then me 5 years later (I started with NO net worth, and now have a greater net worth then a lot of those early clients). 

Jul 26, 2006 8:57 am

taken more pictures of my dog...and played tic tac toe. 

Jul 26, 2006 9:29 am
Soothsayer:

I would have told people who were immature about money, and had unrealistic expections the cold, hard truth.  I wouldn't have thought twice about it, and I would have moved on to a client who I could serve better.  You think you can save them all in beginning, but you can't.


Jul 26, 2006 12:37 pm

#1  Spend NO money on newsprint advertising


#2 Spend NO time prospecting 401k plans


#3 Accept NO accounts under $50k that do not have the potential for substantial future growth.

Jul 26, 2006 12:56 pm
maybeeeeeeee:

#1  Spend NO money on newsprint advertising


#2 Spend NO time prospecting 401k plans


#3 Accept NO accounts under $50k that do not have the potential for substantial future growth.



We second what she said.

Jul 26, 2006 12:56 pm

why no 401's?  Is it because they get pulled when they get a new company match job?

Jul 26, 2006 1:17 pm

it is a long prospecting cycle and even if you have the better product, there is a possibility you will lose it to a rep that is 3 mnths in the business, but is the CFO's son.

Jul 26, 2006 1:40 pm
frumhere:

it is a long prospecting cycle and even if you have the better product, there is a possibility you will lose it to a rep that is 3 mnths in the business, but is the CFO's son.


How true.


I have one in the pipe line right now going into month 6.


I think I have a shot to close it next July....maybe.

Jul 26, 2006 1:45 pm
Registered Rep:
frumhere:

it is a long prospecting cycle and even if you have the better product, there is a possibility you will lose it to a rep that is 3 mnths in the business, but is the CFO's son.


How true.


I have one in the pipe line right now going into month 6.


I think I have a shot to close it next July....maybe.



And how much time and energy has it cost you so far?

Jul 26, 2006 2:49 pm
moss84:

why no 401's?  Is it because they get pulled when they get a new company match job?


Walking out of your way to pick up pennies and dimes, when you can walk straight-forward to pick up dollar bills. Too much work, and all for naught.


Like life insurance too. Takes waayyyy too long to happen, for waayyy too little payout.

Jul 26, 2006 2:56 pm

[/quote]

And how much time and energy has it cost you so far?
  [/quote]


Joed, too many hours to count but I've kept this deal alive on the hope of converting the board of directors to clients once I'm inside the company. Unless I convert some HNW employees to clients...it's been a total charitable venture, meaning that I'll never earn back in commissions what I've sacrificed in time spent.


Jul 26, 2006 3:26 pm

About the only thing I'd change is that I'd be more skeptical of management's intentions.  The bottom line is, the only thing management really cares about besides their compensation package is...the bottom line.


...and although I was careful about this, I saw plenty of people who weren't, get burned.  ALWAYS assume that anything you say/do/email/write at work, can, and probably IS being monitored.