The more you and your business partners trust each other, the further your business partnership can go.
When there is trust, you will be willing to take more risks. You will be willing to experience more, risk failure more and go the extra distance that no one has gone before.
In this video, filmed at the Platinum Mastermind in the Canary Islands, Roger Salam talks about what it truly means to trust your business partners.
TRUST IS NOT DEPENDABILITY
Trust is a feeling, not a checklist. If someone simply does everything you ask them to do, it doesn’t automatically mean you trust them.
On the other hand, you probably have friends that often screw up their tasks, make a lot of mistakes, and can be unreliable. Still, you trust them.
Trust and dependability are not the same thing. Dependability comes from completing tasks and following instructions.
Trust, on the other hand, comes from having common beliefs and values.
THE IMPORTANCE OF TRUST IN A BUSINESS PARTNERSHIP
If you want to be able to take your company in new and different directions, you are limited by how much you trust your partners.
If you don’t trust your partners, you won’t want to take as many big risks. If you do trust your partners, you can approach those risks with confidence.
You know that if you fail, your partners will be there to help you pick up the pieces – not just within your business but also regarding the effects on your personal life.
There are certain characteristics that lead you to trust someone. They are integrity, the intent to do well by others, character and transparency. Look for those elements in your business partners, because when they are present, you will approach the risks of business with greater confidence.
The MOBE Titanium Mastermind goes into more depth on this topic. Members learn how to do joint ventures and scale their businesses through successive revenue ceilings. To learn more about the Titanium Mastermind, click HERE.