Matt Bontrager, a CPA and Managing Partner at TrueBooks, shares insights on the importance of networking in the finance industry. He emphasizes that networking goes beyond being a buzzword and is crucial for advancing careers and businesses. Drawing from his own experiences, Bontrager highlights the significance of navigating networking with attentiveness to avoid falling into crowd mentality.
In finance, connections are not just social capital but a valuable asset for grasping regulatory changes and capitalizing on emerging opportunities. Bontrager stresses the importance of surrounding oneself with successful individuals to enhance career prospects. He cites meeting Ryan Pineda as a pivotal moment that reinforced his belief in the saying, “Your network is your net worth.” Networking has also enabled Bontrager to stay informed about industry trends, particularly in fintech, by engaging with industry leaders and peers to gain unique insights.
Building a network of mentors and peers has been instrumental for Bontrager’s professional growth, as they have provided guidance in challenging times and served as a sounding board for ideas. However, he warns of the dangers of crowd mentality in the finance sector, especially in fintech, where popular opinions can overshadow critical analysis. Bontrager emphasizes the importance of cultivating a diverse network that challenges viewpoints, fostering innovation and a deeper understanding of the market.
Bontrager stresses the importance of networking with purpose, focusing on genuine relationships built on mutual respect and shared goals. By seeking connections outside the immediate finance circle, he has gained diverse perspectives and innovative solutions to traditional challenges. Remaining anchored to core values and beliefs has helped Bontrager make informed decisions and attract like-minded individuals to his network. Networking in finance requires a delicate balance between pursuing opportunities and maintaining authenticity and critical thinking.
In conclusion, Bontrager views networking in the finance industry as both an art and science, emphasizing the importance of intentional relationship-building. By creating a network that is diverse, driven, and aligned with his values, he has successfully navigated the complexities of the finance world, avoiding the pitfalls of crowd mentality. This approach to networking has not only benefited his career but has also contributed to the broader finance community by fostering growth and innovation. Bontrager’s experiences serve as a valuable guide for professionals in the finance sector looking to leverage networking for long-term success.
