John Hailer is the CEO of American Financial Services, a company that provides financial services for individuals who need help managing their finances. Mr. Hailer has worked for his family’s company since 1978, where he has been responsible for all business areas, from marketing to daily operations. He is also the Chairman of the Board at the Greater Miami Chamber of Commerce in Florida and serves on multiple economic development boards and committees throughout Florida. When not working, Mr. Hailer enjoys spending time with his wife and two sons, who both attend college in Fort Lauderdale, Florida. Here is his take on his current lazy competitors.
- No challenges
According to John Hailer, his lazy competitors are large corporations that continue to be complacent in their growth and expansion. These businesses need to remember why they exist to make a profit for their owners. Because of this, some companies will not try or do much to ensure they are growing as fast as they can, and as John Hailer pointed out when you rise too slowly, your business suffers. In its healthy state, a company needs to reinvent itself to keep up with today’s rapidly changing world market.
- Financial literacy
According to the Exec at Natixis his peers’ lack of financial literacy. Most financial services companies are scared to tell their customers anything that could be bad for the customer. Most of the time, this results from a lack of financial education, which is the cause of most of the mismanagement people face in their lives. If you spend your life-saving money for something, it makes more sense to take some liberties and save money for other things that can benefit you and truly be beneficial in your life.
- No risk-taking
John Hailer, the Exec at Natixis also claims that many of his competitors have lost money because they cannot take risks and make changes as needed to stay competitive in the marketplace. Mr. Hailer believes that lazy competitors don’t even try to innovate because they lack the capability and are unwilling to take risks to remain competitive.
Follow John Hailer at Twitter: http://Twitter.com/johnhailer?lang=en