consumer trends

The #1 trait I look for when hiring and promoting?

INITIATIVE

The reality is, if you need to wait to be told what to do when you walk into the office your job will soon be outsourced anyway.

Did this person take the initiative to propose new ideas and follow through with them?

Did they build a new side project? Do they create art of any form?

Did they ask for permission or did they do it anyway, and build something they believed in?

I believe in putting people in deep deep water and observing how they swim. Some tread water and some found a way back to the shore.

If I looked at just their experience, I don’t think I would have had built successful companies in the past.

Our grandchildren won’t know what cash is.

They won’t know about the 99% of cryptocurrencies that existed in 2018, because there will only be a few that are going to make it.

They’ll never have to hire a wealth manager because AI will do it for them.

And they will think Google, Facebook, Amazon, and Apple have always been banks.

This isn’t one of those “doom and gloom” type of posts, I promise. I believe fintech is heading through a major transformation, and it will be better for consumers, and disastrous for banks.

The current administration is on path to deregulate many industries. It’s causing a big impact on many industries, but deregulation of the financial services industry will probably have the biggest impact.

Here is what I see as being impacted the most.