Understand who you are doing business with

The transcript narrates a story about a business opportunity presented to the speaker's grandfather by a well-known menswear company. Despite being chosen for his ethics and style, the deal fell through due to the aggressive behavior of a lawyer he brought to the meeting. The story highlights the importance of understanding who you're doing business with and having the emotional intelligence to meet their needs. It emphasizes the need for versatility and the ability to connect with others to avoid missing valuable opportunities.

What was the main reason the menswear company approached the grandfather?

• His extensive experience in menswear

• His reputation and ethical business approach

• His connections in the West End

• His financial investment in the company

Why did the grandfather seek help from a lawyer?

• He lacked experience in handling business transactions

• He wanted to ensure the deal was legally sound

• He needed legal advice for a personal matter

• He was required by the company to have a lawyer

What was the outcome of the meeting with the lawyer?

• The deal was successfully closed

• The company decided to find another candidate

• The lawyer was hired by the company

• The grandfather decided not to pursue the deal

What is the key lesson from the grandfather's experience?

• Focus on your own needs in a transaction

• Always hire the most aggressive lawyer

• Understand the needs of your business partners

• Avoid business opportunities with family-owned companies

Why is emotional intelligence important in business interactions?

• It helps in forcing your approach on others

• It allows for better understanding and connection with partners

• It ensures you always get the best deal

• It is not important in business