Smart investors are doing these 3 things
Well these 3 things amongst others!
1. Being active in social media.
It’s not enough to just set up a twitter account and leave it dormant or, join linkedin, add your friend Steve then never look at it again. Social media is increasingly becoming an essential source of information. To stay ahead of the game you need to be on these sites, engaging in conversations and listening to what people are saying – to stay relevant you need to be competing in this arena.
2. Learning from mistakes (not necessarily your own)
Our newspapers have been bursting at the seams with banking scandals over the past month. You can read these, judge the culprits involved then allow these articles to line your waste paper bins. Or you can engage the analytical part of your brain, assess the series of events, figure out how this might translate to your field, learn from what’s happened and ensure your not the person everyone is judging tomorrow.
3. Avoiding the trap of hubris
Right now we are in a period of change. Lots of companies are seeing strategies overhauled, they’re feeling movement in alien directions and are, as a result, disconnecting with basic principals. Although some people are responding to this change by experiencing nerves they haven’t felt in a while and are suddenly finding themselves unfamiliar with concepts that were once second nature, those at the forefront of this change are in danger of falling into the trap of hubris. Whilst it is important to keep your mind open to new ideas, it is also important to remember that if you are championing them you must always be aware of arrogance, as it can ultimately stand in the way of your success.
at 11:29 pm
Very interesting article but which social media do you recommend most for investors?
at 9:00 am
Great question. I think from a business perspective, the best social media networks are twitter and linkedin. Twitter may seem less obvious initially, but there are lots of little nuggets of crucial information that go out on twitter- if you’re following the right people. Linkedin is great for staying connected, it keeps your name circulating and can be a short cut to meeting great contacts.
at 4:13 pm
Fantastic to see you encouraging investors to jump into social, Rachel. There is SO much they can do with it to benefit their revenue model. I’d be over the moon thrilled to work up a webinar for your audience to walk them through which platforms to use, who they should reach out to, what to share in their updates and more. Does that sound fun? Let’s do it – the world is a better place when money meets creativity and innovation – I’d be delighted to make that meeting come to life!
Congrats on a great article!
Vicki @Smartwoman Flaugher
at 5:07 pm
Thanks so much Vicki, I have sent you an email
Can’t wait to talk with you about this.