Skin in the game is the only game.
This is one of the great rules in life
Whenever you choose someone to work with (I don’t care who, an IFA, investor, doctor, whoever), yourself one question…..
Do they have skin in the game?
Do they gain from doing a good job? Or, even better, have something to lose if they do a bad job?
When it comes to corporate innovation, a CEO summed it up beautifully…
“a corporate salaryman might not get a bonus if he fails. But an entrepreneur doesn’t eat”