Monday, August 23, 2010

Doing Business With People You Like and Trust


Warren Buffet has been known to say that he only does business with people he likes, respects and trusts.


As a matter of fact, if he has high trust with an individual, he will pen and accept a deal recommended by that person worth millions without being overly concerned about the paperwork and due diligence He still does that of course. I mean, he is after all a great investor and business man.


Here's the thing.


That makes sense.


When I work and collaborate with people I trust and respect, the work seems effortless. We get a great deal of work done. It's easy and fun.


Consider the opposite.


With low trust, and a lack of respect, my energy is consumed in other things instead of the work. Will this individual show up? Will they sabotage our efforts? How long do I have to endure their company? etc...


I have said it again and again. I would rather work with someone who has average capabilities, and is completely trustworthy, committed and reliable rather than with a superstar who is hit and miss when it comes to their being counted on.


As the saying goes: "A cohesive group of team minded players will usually beat a collection of individual prima donna superstars".


A great team has trust, likeability, and committment. Very Important. Very True.


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