Don’t Do Business With Someone If…

Summary

• When considering a deal or partnership, assess if what you have aligns with what the other party wants; focus on the essence rather than minor details in paperwork.
• Ensure that your values and your potential partner's values are aligned, and that you have a shared mission.
• Reflect on your personal feelings towards the individual you're considering a deal with, such as whether you'd enjoy having dinner with them.
• Trust and integrity are fundamental—I believe that if you don't trust someone to honor a handshake agreement, you shouldn't enter into a deal with them.

Video

How To Take Action

A good way of doing deals or partnerships is to start by looking at what you have and what the other party wants. Ask yourself, does what I have give the other person what they are looking for? Don't get too caught up in the small stuff in the paperwork. What really matters is the big picture.

Next, I would suggest checking if your values match with your potential partner's values. Do you both care about the same things? Do you have a shared goal or mission that you're working towards? This is really important because you want to work with someone who believes in the same things you do.

Also, think about your personal feelings towards the person you might do the deal with. Would you like to spend time with them, like having dinner together? If the answer is no, that's a sign you might not enjoy working with them.

Trust and integrity are super important too. I think you should feel like you could just shake hands with someone and trust them to keep their word. If you don't feel that way, it's better not to start the deal at all. Trust is a big deal, and it's about feeling safe and knowing the other person will do what they say they will.

By keeping these tips in mind, you'll make better choices about who you work with and the kind of deals you get into. And when you work with people who share your values and trust each other, you'll likely be happier and more successful in what you do.

Quotes by Leila Hormozi

"I look at it like this is what I have this is what you want does what I have give you what you want"

– Leila Hormozi

"no amount of this and that and like these little things in the paper work is going to make up for that"

– Leila Hormozi

"for me it's all about like do we have the same values"

– Leila Hormozi

"do we have a shared mission"

– Leila Hormozi

"if you couldn't do a handshake with that person and feel like they're going to uphold their end of the bargain then I should not be doing the deal at all"

– Leila Hormozi

Full Transcript

I look at it like this is what I have this is what you want does what I have give you what you want and no amount of this and that and like these little things in the paper work is going to make up for that for me it's all about like do we have the same values do we have a shared mission is this somebody that I would want to have dinner with cuz I think at the core like if you couldn't do a handshake with that person and feel like they're going to uphold their end of the bargain then I should not be doing the deal at all