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Why Handshake Deals in Business Go Bad with Devan Gonzalez
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Why do handshake deals in business go bad?
I get it, it starts with good intentions, you're grinding to raise money, and when a friend or family member shows interest, it feels like a lifeline.
So you say yes. Sometimes that verbal commitment feels rock solid. And then a surprise cash injection seems too good to question.
But this is exactly why handshake deals in business go bad: no clear expectations on either side are written down.
It happens, founders move forward based on trust, without clear terms, contracts, or accountability.
And when things go sideways (which they often do), you're left with confusion, tension, and potentially a serious mess.
In this episode, I’m joined by entrepreneur, CEO of Strive 11 International, and host of The Mindset Cafe Podcast, Devan Gonzalez.
He’s sharing his personal experience with handshake deals, explaining why handshake deals in business go bad, how to protect yourself, and what to do if you’re already in one.
Topics Covered:
How to use recap conversations to protect yourself
How to formalize a handshake deal
Why podcasting is a powerful networking tool for founders
Mindset secrets of highly successful people
Guest Bio
Devan Gonzalez is an entrepreneur, the CEO of Strive 11 International, and the host of The Mindset Cafe Podcast. Strive 11’s mission is to help improve fitness enthusiasts' lives beyond their personal health and fitness. The Mindset Cafe Podcast is your go-to source for growth mindset development and overall personal development, and transformational content! Visit https://www.devangonzalez.com/ for more information.
About Your Host
Jayla Siciliano, Shark Tank entrepreneur turned real estate investor, excels in building brands, teams, and products. CEO of a bi-coastal luxury short-term rental company, she also hosts the Seed Money Podcast where she’s on a mission to help early-stage entrepreneurs turn their ideas into reality!
Connect:
Website: https://seedmoneypodcast.com/
Instagram: https://www.instagram.com/jaylasiciliano/
Subscribe and watch on YouTube https://www.youtube.com/@seedmoneypodcast/
Please rate, follow and review the podcast on https://podcasts.apple.com/us/podcast/seed-money/id1740815877 and https://open.spotify.com/show/0VkQECosb1spTFsUhu6uFY?si=5417351fb73a4ea1/! Hearing your comments and questions helps me come up with the best topics for the show!
The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice.
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