Dean Vagnozzi, the owner of A Better Financial Plan, helps his clients find ways to build wealth without gambling on the stock market. Outside of his work, Dean Vagnozzi enjoys playing golf.
Golf has a reputation for creating business opportunities. Golf is one of the greatest facilitators of business because the game is accessible to people of all ages and skill levels.
Due to the tempo of the game (a lot of stop and go), there is plenty of time to chat, socialize, and discuss business. Ultimately, each player improves his or her skill level while playing.
Playing golf with others requires a certain amount of trust. In golf culture, cheaters are shunned, and players who cheat are well-known. Honesty and trust are big parts of the game and essential parts of the foundation of many business deals.
The Economist reported that bosses who do not play golf are paid an average of 17-percent less than those who do play the game. Another study in the same publication found that the bosses who earned more did not necessarily deliver results to shareholders. This illustrates that engaging in a game of golf can establish loyalty, no matter how well the boss performs in his/her job.
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