The Game with Alex Hormozi 10 KEYS to a TERRIBLE Business Partnership | Ep 426
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Aug 23, 2022 Discover the secrets to avoiding disastrous business partnerships! Learn about the top ten red flags, from disproportionate expectations to misaligned values. Alex shares actionable insights with a humorous twist, emphasizing the importance of clear communication and compatibility. Uncover how to assess if a partnership is truly terrible and master the art of choosing the right fit for your business. Tune in for a valuable guide to successful collaborations!
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Complementary Expertise
- Ensure your business partner possesses different knowledge and experience than you.
- This avoids redundancy and maximizes the value each partner brings.
The Big Three
- Evaluate potential partners based on the "big three": knowledge, money, and time.
- They should bring something you lack to create a balanced and valuable partnership.
Document Everything
- Clearly define and document expectations and agreements with your partner from the start.
- Avoid unspoken expectations to prevent future conflicts and misunderstandings.