Work with people who have the same values and expectations around outcomes. When you are out of alignment with your investors, employees and partners it’s like having a bad back that’s in need of a chiropractor. Every movement, whether big or small is painful because the vertebrae are moving in different directions and wasting energy.
Think about it for a second…misalignment is a serious waste of energy when getting from point A to point B. At every turn & blockage you are losing energy, it’s painful and you build up scar tissue.
If you are thinking long term and your partners are thinking short term then why would you ever agree on anything. Apply the same rule to how you treat your customers and vendors. It’ll save you so much time down the line.
Before you pitch an idea make sure you all agree on the definition of a successful outcome. If that’s out of whack then even the brightest idea won’t win. It’s a lot harder to get this right once you’ve agreed to work together, so spending more time upfront picking the right partners will save you a lot of brain damage over the long term.
Simple questions like this will help:
1. Investment horizon timing? (Long term or Short term). How do you define Long Term and Short Term?
2. Define success
3. Is this a one time partnership or do you want to work together again?
4. Define failure