The history of business is littered with big companies making huge mistakes that either forced them out of business or made them quite smaller. Just ask Kodak, who did nothing with the fact that they invented the first digital camera because they were afraid how that would impact the bread and butter of their business, camera film. Excite, which is now ask.com could have bought Google for $750,000 when it was a small company. Montgomery Ward was one of the nation’s retailers and didn’t want to build larger and more locations after World War II because of a fear of a depression while Sears did. So when it comes to being a retirement plan provider, there are many mistakes they can make with severe consequences for their business. This article is about which mistakes a retirement provider should avoid making.
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