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How to Build Trust and Avoid Being Lied to as an Entrepreneur Entrepreneur Network partner Patrick Bet-David outlines four levels of trust in business and seven types of lies people tell.

By Patrick Bet-David

Opinions expressed by Entrepreneur contributors are their own.

Being an entrepreneur requires knowing who to trust and how to handle different types of people. In this video, Entrepreneur Network partner Patrick Bet-David outlines four levels of trust and seven types of lies.

To protect entrepreneurs from getting taken advantage of, legal battles and more, Bet-David makes distinctions among strangers, acquaintances, friends and best friends in business, and he describes the defining characteristics of each. It takes a long time to find someone who you can truly trust in business, he explains. You can't force it any more than you can force love by marrying a stranger.

He also breaks down seven types of lies people tell, from white lies to plagiarism. Learn how to identify and respond to people of different trustworthiness levels, he advises. Your destiny as an entrepreneur is up to you if you know how to handle all kinds of people and scenarios, rather than blame them when things don't go your way.

Related: Keep Going: How to Avoid Burnout as an Entrepreneur

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Patrick Bet-David

Entrepreneur Network Contributor

Patrick Bet-David teaches the fundamentals of entrepreneurship and personal development while inspiring people to break from limiting beliefs or other constraints and achieve their dreams. It has been referred to as “the best channel for entrepreneurs.” Learn more from Patrick's invaluable expertise and check out Patrick's new book Drop Out And Get Schooled: The Case For Thinking Twice About College.

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