Does self-interest really govern in our business world? If so, can we understand and manage it?
The host Scott Weaver shares his experience, how the role self-interest plays in today’s business climate, and some tips on creating win-win situations.

Show Notes

Self-Interest in Business

  • Self-interest and freedom leads to economic well-being.
  • Important role of specialization of skills.

Two ways to capture specialized knowledge to improve your productivity:
1) Hire or trade with other people, either
by outsourcing or internally.
2) by purchasing tools.

Tips for Doing Business

  • #1: Watch out when self-interest becomes self-love
  • #2: Maintain and protect your freedom
  • #3: Be wary whenever somebody denies self-interest is in play
  • #4: Set your expectations in business very early on
  • #5: Do not withhold payment owed to others
  • #6: When that new big opportunity arises, listen to your support team, particularly a spouse

Podcast References

Chapter 2 “Wealth of Nations” by Adam Smith, orginally published 1776, Bantam Classic Edition/March 2003

“The Prince” by Machiavelli, orginally published around 1532, Crofts Classic Edition 1947

Recorded and Produced at Arise2 studios

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