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I read quite a lot of business biographies, and I have noticed that a lot of really successful entrepreneurs go on trust and handshakes. If they're burned they
by mixmax 18y ago
I read quite a lot of business biographies, and I have noticed that a lot of really successful entrepreneurs go on trust and handshakes. If they're burned they will remember and never do business with you again, but if they meet someone that believes in them at an early stage they will go through a lot to keep doing business with them.
I just read a biography of a guy that started a chain of stores 30 years ago, and has a huge empire of more than 500 stores today. He still has the same small bank that he did 30 years ago because they were the only ones that believed in him at the time. He recently invested in the bank since they needed to become bigger to keep his growing business.
It's all about trust for these people.
- gojomo 18y agoIndeed. There's also the pattern, first anecdotal but since confirmed by at least one survey [+], that a disproportionate number of entrepreneurs are dyslexic, and thus have to rely on verbal communication and gut trust more than others. [+] http://www.cass.city.ac.uk/media/stories/story_8_45816_44300.html http://www.cass.city.ac.uk/media/stories/story_8_45816_44300...
- mixmax 18y agoThat is a really eye-opening and interesting study. I took the liberty of submitting it, since I'm sure other people will appreciate it. Hope you don't mind. http://news.ycombinator.com/item?id=462767 http://news.ycombinator.com/item?id=462767
- gojomo 18y agoNot at all! Stories/ideas/memes aren't owned. Though, it's a duplicate: http://news.ycombinator.com/item?id=86875 http://news.ycombinator.com/item?id=86875 http://news.ycombinator.com/item?id=87148 http://news.ycombinator.com/item?id=87148 http://news.ycombinator.com/item?id=91738 http://news.ycombinator.com/item?id=91738 http://news.ycombinator.com/item?id=87549 http://news.ycombinator.com/item?id=87549