Trust Your Partners
Entrepreneurs often take great pride in their independence, but there can be a downside to setting off on your own. While you enjoy more freedom and control, when problems arise the burden falls on your shoulders. But, despite what business books would have you believe, nobody succeeds alone. No amount of hard work or smart strategy can replace strong relationships with people who share your goals. This applies not just to people at your company, but your customers, suppliers, and strategic partners. In her sit-down with Daily Fuel, Warmilu founder Grace Hsia recalls how being transparent with a buyer helped save her company. But there is another layer to the story.
Hsia is being slightly modest when she attributes her success to her relationships with her partners. While her honesty certainly helped her cause, she had a vision in which she and her partners could believe. Warmilu makes a device that keeps babies warm in third world countries, often saving their lives. Goals don’t get more noble than that, and their product is technologically sound. Because she has a great product that serves a great purpose, Hsia was able to get her partners to buy into the vision. So it’s hardly surprising that they went the extra mile to help her.
“Honesty is the best policy” is always a good message to hear. But if you create an insanely great product, and build a company with a special mission, your honesty will go a lot further. Creating a business that people want to see succeed is a fantastic first step towards changing the world.
Writer. Collaborator. Sitcom Enthusiast.