What Warren Buffet Looks for When Doing Business With Someone

Posted on October 17, 2011 and updated October 25, 2018 in Life Insurance Canada News 2 min read
businessman-with-papers
Warren Buffet needs
three things
from his business partners

Currently ranked the third wealthiest person on Earth and widely regarded as one of the world’s most successful investors, Warren Buffet obviously knows a thing or two about doing business. Recently, the Berkshire Hathaway CEO revealed three things he looks for in everyone he does business with before he ever solidifies it with a handshake or signs on the dotted-line.

The three qualities Warren Buffett requires in everyone with whom he does business are the following:

1. Integrity

2. Intelligence

3. Energy

“If the first one is not present, the other two are worthless,” he says.

Of course, the famous billionaire’s assessment makes a lot of sense, but how do you extend his advice to finding an insurance broker you can trust? Don’t worry; we have a few ideas that we’re sure will set you on the right path:

1. Check for testimonials from existing or past clients.

2. Check the advisor’s credentials. Advisors who obtained designations, such as the certified financial planner designation, show a clear commitment to the business.

3. Make sure your advisor is a good listener.

4. Ask about the advisors post-claim service procedure.

5. Work with an advisor who is referred to you by a friend or family member. They can give you first-hand experience as to the level of service they provide.

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