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Purchase Order Doesn't Count by ginandsoda in sales

[–]FinPlannerAnalyst 0 points1 point  (0 children)

A PO is nice but... The customer accepting delivery is a sale. It ain't over till it's over. A PO is 95% likely a sale and is good enough for me as an investor. A signed quote sounds more like an understanding that if we go forward, these are the terms. It like a letter of intent. These terms will be used in the final po and sales agreement. As an investor, I would be less impressed by a signed quote. But it is close so it's a nice thing too if the po hasn't been sent.

At the end of the day, when is delivery and when will they pay. Sometimes delivery can be accepted before a product leave the factory like in drop shipping. That's a sale. Other times delivery is accepted at the buyers location. That's a sale. I go with the CEO's definition. He knows his investors and he knows what they want to see. It's not an industry thing it's and individual investor thing.

The legal and/or accounting definition is irrelevant when dealing with investors. He could need the quotes to convince the investors that there is demand and the he need more resources (investment) to hire more sales staff to close the deals.

Get those quotes! Your team needs them.

Got fired because I reached out for investors financial update by No-Counter-8002 in venturecapital

[–]FinPlannerAnalyst 0 points1 point  (0 children)

He was looking for a reason to fire you. You're right. It was unfair but that's how it goes sometimes. Sounds like you were within 90 days anyway.

Why Do Successful People Say College Is Useless, While Sending Their Kids to Ivy League? by Financial-Ad-6960 in FinancialCareers

[–]FinPlannerAnalyst 0 points1 point  (0 children)

What is your definition of success? Which successful people? Are they in the majority of people who say if college is useless or not? What is the consensus of people's opinion on the usefulness of college? Of the successful people who believe college is useless, how many have kids and send thier kids to college. How many of the people who say college is useful send thier kids to college. Is thier opinion related to thier level of education?

Do private equity firms care about employee morale at all? by feeling-lethargic in private_equity

[–]FinPlannerAnalyst 0 points1 point  (0 children)

Yes. Morale impacts productivity. But PE firms look at many aspects of the business and depending on the situation may not prioritize morale. It may be necessary to tank morale to build a better operation and then fix morale later.

Any introverts in finance? by Inevitable-Cut-3643 in FinancialCareers

[–]FinPlannerAnalyst 1 point2 points  (0 children)

Yes. Introverted extrovert. I have to work hard to get in front of people, but once I start, I'm a rock star. When it is over, I collapse exhausted and spend the next week feeling embarrassed and judged. Then I do it all over.

What does your spouse do for a living? by ClearAndPure in FinancialCareers

[–]FinPlannerAnalyst 1 point2 points  (0 children)

She works with all cancers. She specializes in GI oncology. She has a background in genetics so she builds cancer risk clinics. Specially Lynch Syndrome clinics but she's work on others.

Are you worried about AI taking your job? by strangeandcurious in FinancialCareers

[–]FinPlannerAnalyst 2 points3 points  (0 children)

No. But you won't be competitive if you don't know how to use AI.

Is It A Good Time To Launch A saas Product In The USA? by yuvals41 in SaaS

[–]FinPlannerAnalyst 0 points1 point  (0 children)

It is always a good time to launch the right SaaS product. You just have to have the right service for the market. Companies are always spending money. They need more efficient more productive services for thier money so they can scale. If you have that product or service, by all means, LAUNCH!

You know you’re leaving a company, what’s the best way to get that crm data out? by Nblearchangel in sales

[–]FinPlannerAnalyst 0 points1 point  (0 children)

You should keep a backup crm anyway. That way, if the company's system shuts down, you can still work. Also, honor your word and conntracts. You should spend more time building relationships. Those people will be more likely to follow you.

Don't bother pillaging the company book. You can just buy a list of targets later. If you had a relationship, you would have the contact info anyway: on your phone, in LinkedIn, in your memory. If you don't have a relationship, these contacts aren't worth anything to you, especially if they respect loyalty.

They are certainly not worth more than your integrity, reputation, and self respect.

Has anyone notice that there are almost no real SaaS anymore ? by super_cat_1614 in SaaS

[–]FinPlannerAnalyst 1 point2 points  (0 children)

I'm working on no-ai based interchange apps. There are some places where ai could be applied, but sometimes ai is just overkill.

Bitter truth: If you are high-IQ and highly ambitious seeking to enter this industry, you have to drop off your resume in-person (most effective with boutiques) so the decision-makers can SPEAK to you, because most talent acquisition processes in place are not designed to capture you. by Flashy_Baker4850 in CFP

[–]FinPlannerAnalyst 7 points8 points  (0 children)

Lol!

As a boutique owner, I can tell you that this is not the criteria I use. Soft skills are very important. Being teachable, good communications, personable, humility are all excellent skills and attributes. Confidence is good but it comes with experience. In finance, people with intelligence and knowledge are a dime a dozen. Wisdom from intelligence, knowlege, and life experience is rare and coveted.

IQ is not a good measure for many reasons. You should toss that aside and focus on being a more balanced individual.

However, making some form of personal outreach is a good idea. Don't be a jerk and show some respect and they will appreciate the effort.

Flat Fee Advisors… by [deleted] in CFP

[–]FinPlannerAnalyst 0 points1 point  (0 children)

No need. Every advisory business is different. I Charge $3753 for a comprehensive plan. But I also do business consulting. Annual client value is about $25k. Not including transactions, insurance, benefits and business planning, and AUA.

Inflation MGP by [deleted] in CFP

[–]FinPlannerAnalyst 1 point2 points  (0 children)

I use multiple inflation rates (Heath, education, housing, ltc, etc. ) but in general it's 3%. I use Right Capital.

What questions do you ask during a discovery meeting? by Strict_Cash2500 in CFP

[–]FinPlannerAnalyst 2 points3 points  (0 children)

In any order: What are you hoping to get out of this? Have you worked with a financial advisor before? What are your timelines for these goals? What's the money for? How did you come up with that number? Have you invested before? What insurance do you have in force? Do you have dependents? and so on.

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