Getting deals done often comes down to business relationships. Sometimes you have to deal with relationships that have gone sour which puts any business in jeopardy. You will have to decide whether or not the value in that relationship is worth saving. There are MANY ways to cross a bridge, but burning that bridge is NEVER going to be an option a smart person will take. But as last episode points out, there are a lot of bad managers and business people that you will have to deal with and they can blow up the bridge from under you. You will have to repair the bridge to maintain the value you’ve created in your venture. When business relationships are precarious, you will constantly flirt with patience versus progress. The key is to know who holds the ‘currency’ in your marketplace. You may not like it, or who has it, but if you don’t have a good understanding of where that currency lies, you won’t be able to gather it up for yourself to fix the bridge to start building value. This episode focuses on repairing business relationships so you can move forward to create options to help you build long term value in your venture.
