Wahoo Capital’s approach to doing business is built upon the “Wahoo Philosophy,” which includes the following core principles:
- Be selective and committed: When evaluating potential engagements, commit resources to only the most mutually beneficial, highest-quality partnership options, and maintain only a select group of partners at any given time.
- Align partner interests: When embarking on a partnership, understand all parties’ objectives, align incentives, and clearly define success. No partner should ever “work for” another partner, rather they should work together to achieve a result that is rewarding for all parties.
- Build trust-based relationships: Successful partnerships are created by building trust-based relationships. The more involved, direct and communicative the parties are with one another, the more seamless, transparent and productive the partnership becomes.
- Be active and tenacious: Never sit still. Always be active and moving forward with purpose. In the event you are not satisfied with your progress, be tenacious and fight tirelessly until you achieve success.
- Adapt to change: Unwillingness to embrace change is one of the most prevalent characteristics of people and businesses that fail. Successful organizations are constantly learning and adapting to their situation as it changes.
- Be progressive and lead: Always challenge the traditional approach to addressing a situation and consider potential alternatives. Leadership begins with thinking progressively and being original.
- Do the “right thing”: Actions define your character and integrity. When making a decision, always assess the potential results of the planned course of action, and do the right thing.
- Have fun and celebrate success: If you are not enjoying your work, you are not going to enjoy life. Build relationships with people and organizations that make you happy. Learn from your failures, but be sure to celebrate your victories and reward yourself and others for performance.