Do you think it is a good idea to start a business with your friend(s) or partner?
On one hand, you would already have X amount of chemistry with them, and when looking for business partners you definitely need some form of chemistry and trust. But on the other hand, there will definitely be disagreements and the potential for the business dynamics to affect your friendship(s)/relationship. What are YOUR thoughts? :)
11
Discussion (11)
Learn how to style your text
Reply
Save
PolicyWoke
26 Mar 2021
Turbo-charge Your Savings with REPs at PolicyWoke
Hi Rachelle,
Personally I feel that it's alright to start a business with friend(s) as long as the interests are aligned and all parties can get along well.
Also, there must have diversity in the business so the parties can leverage on one another's strength.
My own business (PolicyWoke) is one such live example.
Reply
Save
Mixing friend(s) with business is a recipe for disaster because there is a high probability of falli...
Read 2 other comments with a Seedly account
You will also enjoy exclusive benefits and get access to members only features.
Sign up or login with an email here
Write your thoughts
Related Articles
Related Posts
Related Posts
It would be great to have 1 or at most 2 partners to help out with their own areas of expertise to contribute to the business. This will help to scale the business much quicker. Having said that, as the company grows money matters, strategic direction issues will make or break the business if not managed well. Therefore, be very sure who u choose as a partner. Your spouse will be the best partner IMO assuming both of you have the same wavelength and goals. My 5c advise.