Key Takeaways:
Accurate Bookkeeping: Ensure that financial statements are accurate and ready for review to maintain investor confidence.
Set Clear Expectations: Define when and how often investors will receive financial updates and other communications upfront.
Proactive Communication: Regularly update investors on both successes and potential setbacks to maintain trust.
Data and Emotion Balance: Make decisions based on solid data while also...
Key Takeaways:
- Accurate Bookkeeping: Ensure that financial statements are accurate and ready for review to maintain investor confidence.
- Set Clear Expectations: Define when and how often investors will receive financial updates and other communications upfront.
- Proactive Communication: Regularly update investors on both successes and potential setbacks to maintain trust.
- Data and Emotion Balance: Make decisions based on solid data while also incorporating sound judgment and intuition.
- Mutual Alignment: Choose investors who share your vision and values to foster a cooperative and supportive partnership.
Chapters:
Timestamp Summary
0:05 Investment Advice and Reflections on Time Passing Quickly
1:23 Keeping Investors Happy Through Financial Transparency and Proactive Communication
4:00 Anchoring Business Decisions on Data Over Emotion
5:20 Balancing Art and Math in Investment Decisions
7:09 Choosing the Right Investors for Your Business Vision
10:21 Choosing Business Partners Is Like Dating
11:45 Discussing Business Success and Stress Management
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Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.
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