You have no business without trust

The video emphasizes the essential role of trust in business. Trust is crucial for building strong networks and achieving success. It should be mutual and tested to ensure reliability. Without trust, business operations become slow, hostile, and unpleasant. The speaker highlights that trust leads to powerful and fast-moving business environments, while a lack of trust results in suspicion and inefficiency.

Why is trust considered essential in business relationships?

• It reduces the need for communication.

• It helps in creating networks.

• It eliminates competition.

• It ensures financial success.

What is a key factor in building effective business networks?

• Avoiding trust to prevent risks.

• Relying solely on contracts.

• Testing and ensuring mutual trust.

• Giving trust without any conditions.

What happens when trust is mutual in business?

• Conflicts increase.

• Operations slow down.

• Business becomes powerful and fast.

• Communication becomes unnecessary.

What is a consequence of lacking trust in business?

• Increased innovation.

• A pleasant working environment.

• A hostile and slow environment.

• Reduced need for due diligence.

How does suspicion affect business operations?

• It speeds up decision-making.

• It creates a threatening environment.

• It reduces the need for trust.

• It fosters creativity.