The Game with Alex Hormozi My Guide For Doing Business With Friends | Ep 772
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Oct 7, 2024 Exploring the complexities of mixing friendship and business, the discussion reveals the importance of treating friends in business with caution. It emphasizes maintaining clarity by viewing these relationships through a transactional lens. The conversation also dives into the complexities of honesty and integrity, highlighting how true values emerge under pressure. These insights provide valuable lessons on safeguarding both personal connections and professional interests.
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Deal with Friends as Enemies
- Do deals with friends as if they were enemies.
- This approach helps preserve the friendship by setting clear expectations upfront.
Character Traits and Stakes
- Character traits are not binary; they exist on a spectrum.
- A person's true values emerge when stakes are involved.
Transactional Relationships
- All relationships, including friendships, are transactional.
- We extend grace to friends based on a history of positive interactions.