Chris Grenfell is an established fiduciary with years of experience in the industry. His passion for the field developed in his formative years, and through the mentorship of his family who were already in the industry, he naturally gravitated in the same direction. He has also always been passionate about serving others, and a career as a fiduciary would help him combine his strengths and passions. He joined the University, where he graduated at the top of his class with a degree in finance. Upon graduation, he launched his career by working at a fiduciary firm for several years before setting up his own practice. As a fiduciary, he offers his clients a wide range of services, including managing assets for his clients and handling their affairs with the highest level of commitment and loyalty for their own benefit. He is also in charge of ensuring that their investments generate high returns while minimizing the risk of losses. He offers mentorship to young upcoming fiduciaries in his community, some of whom have gone ahead to have successful careers in the industry. Aside from work, Chris is a philanthropist at heart and donates his time and money towards curses he is passionate about. One of the major causes that he supports is education, and he does so by partnering with organizations that work on reducing the inequalities in the education sector and improving access throughout the country. One of his greatest pastimes is mountain bike riding which he enjoys because of its health benefits and the fact that it gives him a chance to be out in nature. He has participated in various riding tournaments and donates heavily to help support mountain bike riding and creating racing trails. He loves to travel for leisure and has been to numerous popular tourist destinations across the world.
Where did the idea for your career come from?
The idea for my business was inspired by family members already in the fiduciary business. Having gained the skill set and the experience I needed to go it alone, it felt natural to go solo, and that’s how my business was born.
What does your typical day look like and how do you make it productive?
My typical day starts with an hour of physical exercise. I like to hit the gym when I can or ride my bike. I then take a shower, have breakfast, and make my to-do list. Having a routine and a to-do list makes my day productive because I wake up knowing what I need to do and when, so I don’t waste any time. I also handle the most urgent tasks earlier in the day when I’m still energetic and leave the minor ones for the evening.
How do you bring ideas to life?
By simply taking action. I write down all my ideas, research them and work on actualizing them. Sometimes I consult people who have had similar concepts and successfully bring them to life to find out how they did it.
What’s one trend that excites you?
Digital currencies. They have so much potential and are quickly taking over the world. They excite me because, in the short time that they have existed, they have completely transformed the financial world. Countries are making their own CBDCs, and the adoption of cryptos like Bitcoin are gaining traction at a phenomenal rate. I believe they will change the world as we know it for the better, both as assets and means for exchanging value.
What is one habit of yours that makes you more productive as an entrepreneur?
I focus on one thing at a time. I have found that doing one thing at a time helps me produce better results and that’s what I do. I work off of a to-do list which is written in order of priority and I pick each item, do it then move on to the next. I find that multitasking slows me down, results in mistakes, and interrupts my workflow. When I zero in on a specific task I give it all the attention it requires which works better for me because my cognitive processing is focused. It also helps me carry out tough tasks because I’m able to break down the problem and find solutions without feeling overwhelmed.
What advice would you give your younger self?
I would advise my younger self to know when to leave. This applies to both personal and professional life. Knowing when to leave is important because it saves you lots of time, disappointment, and loss. It also opens our minds to pursuing new adventures.
Tell us something that’s true that almost nobody agrees with you on.
That within each of us lies the power for greatness if only we tap into it. While I do agree that to a great extent our external environment and nurturing have an impact on our lives, they are not the only determinants of our success. There are several self-made successful people I know of who beat the odds to make it and anyone can do it. Despite the systemic issues, our backgrounds, and our beliefs, the ability to make your dreams come true is in your hands.
As an entrepreneur, what is the one thing you do over and over and recommend everyone else do?
I eat the frog first thing each morning. The frog is metaphorical and refers to the difficult tasks that I have to attend to which I sometimes wish I didn’t have to. I place them first on my priority list and get it done first thing every morning. These tasks have the biggest impact on my life and can be very demanding so getting them done is paramount. Doing them well determines my success so I get it done when I’m super productive in the morning to ensure optimal results. I think it’s a great habit for everyone to have because procrastinating on these tasks only leads to delayed actualization and in some cases failure.
What is one strategy that has helped you grow your business?
Marketing for sure, especially digital marketing has been great for my business. I now have clients from all over the world and have better access to local and international markets.
What is one failure you had as an entrepreneur, and how did you overcome it?
I heavily relied on myself and thought of myself as the powerhouse of the business. While I did have a significant role to play I underestimated the value of teamwork and collaboration. I overcame it by finding professionals who shared my vision and brought them onboard. They helped me look at things from several perspectives, worked on the company’s public relations, and through empowering others, my vision for the company came to life and was more meaningful to me.
What is one business idea that you’re willing to give away to our readers?
Cryptocurrencies. They are the future of finance.
What is the best $100 you recently spent? What and why?
I donated to a charity that supports biking. I think it’s a great activity to help people stay healthy, engage the youth in meaningful activity, and can be a great career choice for those interested.
What is one piece of software or a web service that helps you be productive?
Monday dot com. It’s great for project management, simple and easy to learn, and has come in very handy with the remote work model. I can get in touch with my team and clients easily and keep things on track very easily.
What is the one book that you recommend our community should read and why?
Eat That Frog by Brian Tracy. It’s a great book for everyone whether a student, athlete, entrepreneur- everyone has things to do to achieve their goals. This book is amazing for preventing procrastination.
What is your favorite quote?
Eat a live frog, first thing in the morning and nothing worse will happen to you the rest of the day.’ – Mark Twain
Steve (Stefan) Junge hails from Germany and helps with the day-to-day publishing of interviews on IdeaMensch. While he and Mario don’t share a favorite soccer club, their enthusiasm to help entrepreneurs is a shared passion.