
My Guide For Doing Business With Friends | Ep 772
The Game with Alex Hormozi
Confrontation Fuels Business Success
Avoiding hard decisions and opting for informal agreements with friends can lead to disastrous outcomes in business, especially without a history of successful collaboration or clear written expectations. To maintain friendships while navigating business dealings, it is crucial to treat professional relationships with the same seriousness as adversarial ones. Engaging in open, challenging conversations is vital for personal and business growth, as these discussions often unlock opportunities. Role-playing difficult scenarios, such as confrontational reactions, helps mitigate fear. Employing clear, direct communication techniques, such as seeking clarification and repeating back information, ensures all parties understand their responsibilities and the terms of an agreement, ultimately fostering better cooperation and accountability.