The Game with Alex Hormozi
My Guide For Doing Business With Friends | Ep 772
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.
17:50
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Quick takeaways
- Establishing clear expectations and treating friends like business partners helps avoid conflicts and protects relationships during collaborations.
- Recognizing that all relationships have a transactional nature allows individuals to navigate friendships with a pragmatic mindset toward self-interest.
Deep dives
Treat Friends Like Enemies in Business
When engaging in business dealings with friends, it's important to establish expectations as though they are strangers to prevent potential conflicts. Operating under the mindset of 'trust no one' helps ensure that all variables are considered, and any agreement made is viewed through a lens of caution. This approach allows individuals to maintain friendships while clearly defining terms for collaborations, which minimizes the risk of damaging the relationship over misunderstandings. By treating friends like enemies, one can keep clear boundaries and expectations, ultimately fostering a healthier and more productive business partnership.
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