The Startup Chat with Steli and Hiten

061: Trust in Startup Teams


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Trust is a fundamentally important thing in any team and sometimes it’s something we don’t give enough thought to.  Today we are talking about trust among your co-founders and team members and how we think about evaluating people in regard to trust.
Steli talks about a recent retreat his team had and how the topic of trust was discussed.  It was an opportunity to refresh and reevaluate company core values. Those shared core values allow for the building of trust.  Being able to trust your co-founders and team is a fundamental quality of your work life.
As we think about building and evaluating trust, these are a few of the topics covered:
The importance of having shared personal values in evaluating trust with someone
Decision trees in regard to evaluating people for trust
Vulnerability and risk in trusting co-founders
The importance of trust, but verify
Today’s Tips:
Hiten:  Have a conversation with the people you trust about the topic of trust to help you figure out what trust means to you.  Figure out your shared values.  Ask yourself what you’re doing to build trust in your relationships.
Steli:  The ability to trust others cultivates the ability of others to trust you.  Ask yourself what areas with your co-founders or team are you completely trusting of others and why.  Then ask yourself what areas you’ve had trouble trusting others and why, and then think about what you could do to improve that.      
We invite you to join our Facebook group.  It’s great to have such an incredible group of entrepreneurs out there making it happen every day.  We’d love to hear from you; please feel free to join our Facebook group and share your experiences, challenges, and motivation with us and the rest of Startup Chat community.
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As always, you can hit us up on Twitter @Steli or @hnshah, #thestartupchat.
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The Startup Chat with Steli and HitenBy Steli Efti & Hiten Shah: Serial Entrepreneurs, Sales & Marketing Experts, Startup Investors & Advisors, CEOs running multi million dollar SaaS Startups

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