
Before You Shake Hands, read this. Elle George on partnership alignment
with Elle George
Before You Shake Hands, read this. Elle George on partnership alignment
Show Notes
Elle George is a serial entrepreneur, restaurateur, and author of the forthcoming book Before You Shake Hands - a partnership alignment playbook forged from nearly two decades of legal battles, hostile takeovers, and hard-won wisdom. She built a chain of restaurants in Indonesia, survived a 20-year partnership dispute that left her with $161 in her bank account at its lowest point, and came out the other side with a framework that every founder, investor, and co-founder should read before they sign anything. This episode is equal parts business strategy, spiritual practice, and honest conversation about what it actually costs to lead with your heart.
Why Partnership Alignment Is the Most Overlooked Due Diligence in Business
Elle's central argument is simple and almost universally ignored: founders do extensive financial and legal due diligence on a business, but almost none on the human they are about to spend more time with than their family. The result is a global epidemic - over 80% of courtroom time in every city is consumed by people fighting about money that came from a partnership that started without a real alignment conversation. Elle's book organizes the questions you should have asked into five categories: values and trust, roles and responsibilities, legal, financials, and exit strategies. The questions are not interrogation - they are an invitation to build clarity before momentum makes clarity feel disruptive. Her core rule: if a prospective partner refuses to sit through the alignment conversation at all, that refusal is your answer. Don't walk. Run.
5 Frameworks from Before You Shake Hands
1. The Five-Category Alignment Check
- Values & trust: what do you each hold as non-negotiable, and what does loyalty mean to you?
- Roles & responsibilities: who owns what, and how do decisions get made when you disagree?
- Legal: have either of you had prior legal or financial disputes, and how did you navigate them?
- Financials: what happens if one partner can't contribute more capital when the business needs it?
- Exit strategies: what is the end game - legacy, acquisition, or lifestyle business? Misalignment here is a fatal incompatibility
2. The "Why Do You Want to Invest?" Flush Test
- The single most important first question to any investor or co-founder: why do you want to invest in my business?
- Possible answers reveal immediate misalignment: tax parking, speculation, genuine belief in you, social cause, or exit arbitrage
- A founder with a social-impact mission and an investor parking money for tax purposes cannot be aligned - no amount of capital makes it work
- The question is not adversarial - frame it as: "I want to make sure our goals are aligned for both our sakes"
- Someone who answers vaguely or deflects is showing you something important about how they will behave under pressure
3. The Battle Scars Test - Why You Want a Partner Who Has Failed
- Elle will not go into business with anyone who has never failed - they don't know how to fight their way out
- The question is not what happened to you, but how did you get back up - that reveals emotional maturity and resilience
- Ask directly: what was the biggest challenge you have faced in business, and how did you navigate it?
- Someone who has been left with nothing and rebuilt has demonstrated the exact capability a hard business moment will require
- Guarded answers or avoidance of the question are data - not red flags to reject immediately, but signals to explore further
4. The Attachment Style Self-Audit for Founders
- Writing the book revealed to Elle how her own childhood attachment patterns (fighting for attention as one of six sisters) showed up as business behaviors
- Anxious attachment: running the full conversation in your head before it happens, assuming the worst without asking
- Secure attachment: giving trust willingly as the default, treating its loss as the other person's failure rather than the expected outcome
- Self-reflection is not optional leadership hygiene - unexamined trauma becomes partnership liability
- The question to ask yourself before any major partnership: am I proceeding from security or from fear?
5. The Anger Audit - Releasing Bitterness as a Business Skill
- Elle emerged from a 20-year legal battle with no bitterness toward the people who took what she built - a deliberate practice, not a natural outcome
- The practical definition: wishing someone well does not mean wanting to have dinner with them; it means releasing the narrative that their damage defines your present
- Holding anger is like drinking poison and expecting someone else to die - the bitterness prevents growth, not theirs, yours
- Meditation practice: visualize the person, wish them whatever healing made them act as they did, and release the outcome to the universe
- Operational implication: a founder who is still marinating in a past betrayal is not available for the next opportunity
Founder Experiment: Run a Partnership Alignment Sprint Before the Next Deal
Step 1 - Write your own alignment answers first. Before you ask anyone else the hard questions, answer them yourself: What is my exit horizon? Is this a legacy play or a liquidity event? What does loyalty mean to me in a business context? What would I do if the business needed $500K more and my partner couldn't contribute? Your answers reveal your own assumptions - and assumptions you have never articulated cannot be aligned with anyone.
Step 2 - Frame the conversation as mutual due diligence. Open with: "Before we go further, I'd like us to do an alignment check - not to grill each other, but to make sure we're building on the same foundation. I'll answer everything I ask you." This reframes the conversation from interrogation to partnership. Someone who refuses this framing is showing you exactly how they will respond to the first real conflict.
Step 3 - Cover the five categories across two or three sessions. Do not try to complete the full alignment check in one sitting - the goal is depth, not speed. Session 1: values, trust, and backstory (including legal or financial history and how they navigated it). Session 2: roles, responsibilities, and decision-making (including the tie-breaker question - how do we break a deadlock?). Session 3: financials, exit strategy, and what happens if one of us wants out.
Step 4 - Document every agreed answer before any legal documents are drafted. The alignment document is not a legal agreement - it is a shared reference for when things get hard. Write down the answers to the most important questions in plain language and have both parties sign it as a statement of intent. It does not need to be lawyered; it needs to be honest.
Step 5 - Check your gut after each session. After every alignment conversation, sit quietly for 10 minutes and ask: does this feel right? Not does the business model make sense - does this person make me feel safe, energized, and respected? Elle's rule: if it feels ick at the start, it will feel worse under pressure. Your gut is collecting data faster than your conscious mind can process it. Give it time and silence to report back.
Glossary
Tools & Resources Mentioned
Q&A
What is the core premise of Before You Shake Hands and who is it for?
The book is a partnership alignment playbook - a structured set of questions across five categories (values and trust, roles and responsibilities, legal, financials, and exit strategies) that founders, investors, and co-founders should work through before committing to any business relationship. Elle wrote it out of her own 20-year legal battle born from a partnership she entered without doing any alignment work. The audience is anyone who has ever been excited to be chosen by a partner or investor and let that excitement suppress the questions they should have been asking. Elle's thesis: the legal and financial due diligence founders obsess over is secondary to the human alignment they routinely skip.
What is the single most important question to ask a prospective investor or co-founder?
Why do you want to invest in my business? The answer immediately surfaces the real motivation - tax parking, speculation, belief in you personally, social cause alignment, or an exit timeline - and reveals whether any alignment is possible. Elle gives the example of a founder building toward B Corp certification for social impact whose investor is simply parking money for tax purposes: no amount of goodwill can bridge that gap. The question works because it is open-ended enough that people answer honestly, and the honest answer either confirms alignment or ends the conversation before either party has invested more than time.
What should a founder do if a prospective partner refuses to go through the alignment conversation?
Run. Elle is unambiguous: if someone will not sit through the alignment check at the earliest and most optimistic stage of the relationship, they are showing you exactly how they will behave when the relationship is under stress. She frames it explicitly as equivalent to a dating dealbreaker - someone who will not discuss whether they want children before marriage is not going to have that conversation after. The refusal is not a quirk of personality or a timing issue; it is a preview of the conflict avoidance, evasion, or aggression that will define every hard conversation the business eventually produces.
How does Elle approach leadership and staff retention at her restaurant chain in Indonesia?
Elle runs her restaurants on a foundation of genuine emotional investment in the people who work there - birthday bonuses, annual loyalty bonuses that compound with tenure, a full company-wide family day every year where all locations close and everyone does something fun together. The result, in an industry where 30–50% annual staff turnover is considered normal, is that many of her team members have stayed five or more years. The signal she values most is not tenure itself but the moment when a staff member is offered a significant signing bonus by a competitor and turns it down - not because they cannot afford to leave, but because they choose not to. That loyalty, she says, fills her heart more than any revenue number.
What did the process of writing the book reveal to Elle about herself?
Writing the book forced Elle to examine her own attachment patterns and see how they had operated as business liabilities throughout the partnership dispute. Growing up as one of six sisters, always competing for attention and love, she carried an anxious attachment style into her professional relationships - running full narratives in her head about how situations would unfold before they happened, and entering partnerships with a guard up that was essentially waiting for betrayal. The book's self-reflection process helped her identify this, work through it, and arrive at a different default: she now gives trust willingly and places the responsibility for maintaining it on the other person rather than treating suspicion as prudent.
How does Elle define manifestation and what is her daily practice?
Elle is explicit that manifestation is not a Pinterest vision board left on a fridge - it is a discipline. The practice requires clarity on what you want, active work to create the conditions for it to happen, and consistent mental rehearsal. Her morning routine: affirmations she wrote for herself in her own voice (played back on a recording as she wakes and sleeps, because she believes your own voice is absorbed more deeply than any external content), outdoor meditation in her egg chair on the beach with sand under her feet, breathwork, and daily surfing as a moving meditation. The foundation is the Master Key System by Charles Haanel - a 26-week program she has completed multiple times.
What is Elle's advice for investors evaluating younger or less experienced founders?
Ask two questions above all others. First: what are your goals for the business and what does your exit look like? A founder who wants a 10-year legacy business and an investor expecting a 5-year exit cannot be aligned regardless of the business's potential. Second: what is the biggest challenge you have faced in this business so far, and how did you handle it? This question reveals personality, emotional maturity, and resilience more reliably than any pitch deck. Elle adds a third dimension: look for founders who have real battle scars - people who have faced genuine adversity and recovered from it. Someone who has never been tested cannot tell you how they will show up when things go wrong.
How did Elle process the anger from a 20-year partnership dispute without becoming bitter?
Elle made a deliberate decision early in the dispute that marinating in anger and pursuing revenge would cost her more than it would cost them. Her practice is not forgiveness in the conventional sense - she does not need to have dinner with the people who wronged her. It is closer to Buddhist non-attachment: she meditated on wishing them whatever healing led them to behave as they did, and released the outcome. She draws the analogy directly: holding anger is drinking poison and expecting someone else to die. The practical result is that she has no bitterness today about a dispute that consumed nearly half her life - and attributes the absence of bitterness to her ability to keep growing, building new businesses, and showing up fully present for new relationships.
What is Elle's ideal partnership profile for her current stage of life and work?
Elle is clear that she would not take on a co-founder or investor under most circumstances today - she has built her businesses to operate on her own terms and has earned the freedom to work only from passion and love. If she were to partner with someone, the criteria are almost entirely qualitative: someone spiritually oriented, capable of gentle and real communication, who wants to have fun while building something meaningful. She explicitly disqualifies anyone whose primary motivation is money or an exit timeline. She also emphasizes personality fit as non-negotiable - she is gregarious, high-energy, and direct, and a quiet or conflict-avoidant partner would produce incompatibility faster than any financial disagreement.