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Innovate Constantly

07:30AM Aug 24, 2008 in category Tip of the Day by AdvisorMax

One key to being an innovator is not being afraid to make mistakes. --Len Reinhart

One key to being an innovator is not being afraid to make mistakes. Jim Seuffert and I, business partners for 28 years, were asked at a conference recently how we knew so much about this business. Jim's response: "We've made every mistake there is to make." Another key is to ignore the nay-sayers. And finally, don't be afraid to cut your losses. If you put it out there and it isn't working, pull the plug and move on.

-Len Reinhart, president of Lockwood, an affiliate of Pershing, in
Trends That Have and Will Define Financial Planning

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