We work for quant teams of our clients and I dare to name 5 pitfalls that their heads should avoid. They are quite the same pitfalls we, at UnRisk, try to avoid when running our business.
- Don't hide your purpose - IMO, it should go for all heads: purpose. purpose. purpose! If your clients don't recognize what you do, you will have difficulty to succeed with your projects and to attract talents to building your teams.
- Don't grow for the sake of growth - it sounds so simple: don't focus on becoming bigger, but better. But smaller organizations tend to grow faster instead of maintaining a reasonable staff size.
- Don't forget to market and treat yourself as a client - Market your abilities and invest in yourself and your tools. Yes, we are biased on this point, but we think a sound foundation of know how packages and technologies are like a trampoline enabling you to deliver high quality solutions quicker. To be successful atop things others have provided strengthens your position.
- Don't stop networking - we tend to spend most of or time working, but not enough time making connections with our clients. Be a corporate partner, build connections and remember that success happens outside of your comfort zone.
- Don't suppress your gut feeling - trust yourself, because you are most probably right. This is where our own experiences are clear: we have supported a client and our instinct told us that may become more of a headache, but we gave it a try. We learned that we should have listened to our gut. Our response to this: no, UnRisk is not for "You".
Picture from sehfelder