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Friday Drive #029 - Navigating Toxic Business Relationships: Lessons from Personal Experience

Dec 29, 2023

Read Time: 90 Seconds


Have you ever been entangled in a toxic relationship with a family member, co-worker, or business partner? It's an unpleasant experience, isn't it? I've encountered numerous sticky situations with individuals I disliked and trusted, all because I overlooked the importance of truly understanding the people I collaborated with. So, why did this happen?

In my case, greed often played a significant role. I became so fixated on possibilities and opportunities that I disregarded the crucial factor of understanding the person I was getting involved with.

I compromised my values because someone possessed a specific skill set, resource, product, or service I coveted. However, over time, I've learned that character and values matter the most. Years ago, I developed a comprehensive formula to ensure I never enter a detrimental business relationship again.

While it's too extensive to detail here, I can share its fundamental principles:

  • Fun: Ask yourself if the person you're considering for a business partnership is someone you genuinely enjoy working with. Can you envision a positive and enjoyable collaboration with them?
  • Values: Do you and this person share similar values? What motivates them when the spotlight isn't on? Will they have your back? Is their primary drive monetary, or do they have a deeper purpose?
  • Complementary Skill Sets: In a partnership, complementary skill sets are crucial. Ideally, each person should bring something unique to the table. Entrepreneurs with similar big-picture visions often team up, but they may need more desire for day-to-day operations, processes, and task completion. This can hinder overall progress and success.

If you're grappling with a challenging partnership, know it's okay; I've been there too. There is a way out.

Consider these three factors for those seeking new partners before committing to a long-term relationship.

Stay Focused,

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