Trust is the Currency of Relationships
You have a very small group of friends you could call at 3am to bail you out of jail. You built trust with these people over years if not decades. You know they would rescue you without second thoughts, because you would do the same for them. If trust could be put in a joint bank account, this account would pay dividends.
You trust your spouse 100% (hopefully), and this allows you to accomplish feats otherwise impossible. Telling your partner ‘I trust you’ is more powerful than saying ‘I love you’. Since you feel safe at home, you focus your energy on threats outside.
Relationships make or break your business, inside and out. According to the Gallup Q12 Employee Engagement Study, having a best friend at work is a key factor for employee engagement. The best friend satisfies the need to build trust in the workplace. Since you feel safe at work, you focus your energy on working together to reach your potential.
Currency is Trust
When customers buy your product they trust you will deliver to them value. This trust starts before they buy; it starts with a relationship. Often, the relationship is formed through public speaking and media.
An inspiring idea comes from Jack Ma, founder of Alibaba: If you have 1 billion dollars, that’s not your money, that’s trust society gives you; they believe you can manage the money better than others. The people of the world are putting their trust in you to use resources to bring good into the world.
The Trust Cycle illustrates how trust grows between two parties. First, trust is given. Second, trust is received. Then, mutual trust is born and exchanged.
Think of it this way: trust starts with you. You can go around waiting for your family members to repair the relationship, or you can “be the bigger person” now and give them trust.
Flow of Trust
Where does trust start? It starts where anything else starts, with leaders. Giving trust without expectation of return requires courage, a risk taken, a leap of faith.
The leader serves a group of followers. The leader takes the first step by giving trust. The followers return trust to the leader. Trust starts at the top and flows downhill.
360 Degree Trust
Trust flows in all directions. This model helps you analyze your relationships and focus on those with weaker trust. By carefully listening to your peers you may find unexpected hints of mistrust. The mission and the process are abstract. There is no mutual exchange of trust for mission and process; instead, trust comes from understanding.
Observe these many angles:
- Trust in leaders
- Trust in the processes
- Trust in peers
- Trust in the teams
- Trust in the mission
- Trust in partners
- Trust in partner teams
Thanks for reading!