Matt Bontrager, a CPA and Managing Partner at TrueBooks and Founder at Bookkeeping Blueprint, emphasizes the importance of networking in the finance industry. According to Bontrager, networking is not just a buzzword; it is the key to advancing careers and moving businesses forward. Through his own experiences, he has come to understand the value of networking and the potential pitfalls that can arise from crowd mentality in the industry.
Networking in finance offers unique opportunities for professionals to stay informed about regulatory shifts, discover new opportunities, and gain valuable insights from industry leaders and peers. Bontrager credits his success to surrounding himself with successful individuals early in his career, as it provided him with inspiration and a model of what could be achieved with the right mindset and connections. By exchanging knowledge and creating a support system through networking, Bontrager has been able to navigate the complexities of the finance sector effectively.
While networking can be beneficial, Bontrager warns of the dangers of crowd mentality in finance, particularly in the fintech sector. He highlights the importance of challenging popular opinions and seeking diverse perspectives to avoid missing out on innovative opportunities. By cultivating a network that encourages critical analysis and independent thinking, Bontrager has been able to make informed decisions that go beyond following market hype blindly.
By focusing on building genuine relationships based on mutual respect and shared goals, Bontrager has been able to create a network that provides value beyond professional transactions. He emphasizes the importance of seeking connections outside of one’s immediate finance circle to bring innovative ideas and solutions to traditional challenges in the industry. By remaining anchored to his core values and beliefs, Bontrager has attracted like-minded individuals to his network, leading to long-term success in the finance world.
Networking in the finance industry requires a balance between pursuing opportunities and maintaining authenticity and critical thinking. Bontrager’s experiences have taught him that both who you know and what you know are crucial in navigating the complexities of the finance world. By intentionally cultivating a diverse and aligned network, Bontrager has been able to avoid the pitfalls of crowd mentality and contribute to the collective growth and innovation of the finance community. His approach to networking has not only enriched his career but has also allowed him to make a positive impact on the broader industry.
