The Startup Chat with Steli and Hiten on Smash Notes

The Startup Chat with Steli and Hiten podcast.

Unfiltered insights and actionable advice straight from the trenches of startup and business life. The show hosts, Steli Efti and Hiten Shah, are both serial entrepreneurs who have founded multi-million dollar SaaS startups. Being busy CEOs of fast-growing companies, they know the value of your time and make sure you get the most out of each 22 minute episode. Tune in for new episodes every Tuesday and Friday.



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Today on The Startup Chat, Steli and Hiten talk about how to create and how to set clear expectations.


In any relationship, whether professional or personal,  setting clear expectations is key to making sure that that relationship is successful or not. But knowing what is expected of us something a lot of people struggle with, and this can lead to a lot of headache at work or home.


In today’s episode of the show, Steli and Hiten talk about how expectations are the birth of either success or failure of any endeavor, why it’s a good idea to set clear expectations and much more.


Time Stamped Show Notes:


00:00 About today’s topic


01:00 Why this topic was chosen.


04:00 How expectations are the birth of either sucess or failure of any endeavor.


04:05 Why it’s a good idea to set clear expectations.


05:10 How you can trace the root cause of a failure to a problem of expectation.


06:25 Why expectations are important.


07:27 Why people suck at knowing other people’s expectations.


09:30 Times when we don’t have expectations.


09:50 The importance of figuring out if your expectations make sense and are realistic.


3 Key Points:


Setting clear expectations is something that a lot of people struggle with.

Expectations rule our lives.

Our expectation of ourselves is to be efficient and break things down for our audience.


 


[0:00:01]


Steli: Hey everybody, this is Steli Efti.


 


[0:00:03]


Hiten: And this is Hiten Shah.


 


[0:00:05]


Steli: And today on the Startup Chat, we're gonna talk about how to create and how to set clear expectations. I mentioned this subject to Hiten a second ago before I hit the record button, and sometimes I wish I would record before I record because your first response was just beautiful, you know. Your first natural and organic reaction to how to set clear expectations was what Hiten?


 


[0:00:30]


Hiten: It was just a chuckle. Yeah. One of those right there. See, you did it. I don't know, I think like, this is a topic that I talk to people about. This is a topic that I might have tweeted about, but I'll probably tweet about more. This is a topic that people struggle with and sometimes realize it sometimes don't, especially people who are starting companies or managers. Sometimes they just don't understand that they have expectations of themselves and other people and these are the things that cause suffering for them. So my chuckle was just out of the fact that like, I think expectations rule our life and our lives and oftentimes we don't know what expectations we have until we're hit with certain situations and we're like, wow, whoa. You know? In some of my most intimate as well as challenging relationships in life, I think expectations sometimes come up and they can cause trouble or they can be really beautiful. So yeah, I think the chuckle was just out of wow, what a fascinating topic and what a key topic and there's just so much you could go into around this. We like to obviously be efficient with these episodes and we also want to provide as much value as possible in a short amount of time, which is essentially the definition of efficiency. So our expectation of ourselves is to be efficient and break things down. The expectation the audience should have from us is that we do that in every episode with every topic. And if we don't do that, tell us. So, okay. How do you like that?


 


[0:02:31]


Steli: How do you like that? Very much, so because what I love is you instantly went into meta mode, like expectation, what are the expectation for this episode? What is the expectation for the podcast in general? Right? I love it. I love it. So yeah, there's a lot of venues we could go down to. So the thing that I would like to, maybe the thing that we can touch on on this episode to set an expectation for the...

Key points in this episode

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