Dan Martell - It’s hard to make a good deal with bad people

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00:00:00.000 Most people try to use legals and contracts

00:00:03.220 and complicated structures to mitigate risk

00:00:06.200 because they know in their heart

00:00:07.840 that that person they're doing to deal with sucks.

00:00:10.480 They know that person's not trustworthy.

00:00:12.260 They've heard negative things.

00:00:13.520 They've already seen the writing on the wall

00:00:15.840 and yet they try to do a deal with a bad person

00:00:18.780 thinking that they'll figure out

00:00:20.300 this weird mechanics of the legals

00:00:22.460 to make sure that they never lose out.

00:00:24.380 Never works.

00:00:25.380 Recently, I was doing a business deal

00:00:26.820 And my partner in the deal is one of the best humans alive.

00:00:30.160 And at the end of it, we got on a call with the lawyers, the accountants.

00:00:32.840 We had a quick conversation.

00:00:34.040 And 32 minutes later, we made a decision on how we're going to divvy things up.

00:00:37.720 That's an example of making life easier when you work with people that you trust.

Dan Martell - September 24, 2023