Welcome to episode 15 of the Hole in The Whole Podcast. Tom and Yana discuss how emotions can affect us in our business life. Even though we try to master our emotions, we still somehow end up being ruled by them. It’s been suggested that about 80% of commercial decisions are based on emotions, and about 20% are fact-based, yet we spend about 95% of our negotiating time getting the facts straight. Listen in as they give their insights as to why a business should be based on both emotions and facts (at least) equally.

Tom and Yana give their views and opinions on this topic, and you don’t want to miss what they say. So plug in, sit back, and be sure to share your comments.

Today’s Episode:

• [00:25] Hello, we are back!
• [00:31] Tom speaks about how emotions can affect business.
• [01:19] Yana says it is unjustifiable for emotions to play such a significant role in business.
• [03:01] Tom thinks that in an ideal world, facts would rule.
• [03:40] Yana tells us about a conversation she had with one of her students.
• [05:37] Tom speaks about the difference between a fintech and dinosaur financial services where it comes to audits and budget allocation 
• [06:26] Tom speaks about a Sam Harris podcast episode that he listened to recently.
• [07:40] What if somebody has the instincts to act a certain way? Yana gives an example of what she means.
• [09:15] Yana gives us her thoughts on what business responsibility means to her.
• [14:19] Tom chats about a basket case example that they have that is similar to Yana’s.
• [18:29] Yana says that this takes us back to how emotion doesn’t belong in business.
• [23:51] Tom wishes the listeners some emotional holidays.
• [24:00] Yana wishes the listeners a very emotion-less holiday.

Show links:

• How to get in touch with us, if you’d like to tell your startup story: Yana on Instagram, Tom on LinkedIn