If you want to successfully start a business with a friend, here are some important dos and don’ts to keep in mind.
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Friends are an essential part of our lives. They’re the people who help us overcome hardships and achieve our goals during childhood, youth, and adulthood. But can you start a business with a friend and be successful? We all know how friendships work. You get used to and take liberties with each other. There’s almost no end to the number of times you’ll “let it slide” when your friend makes a mistake.
Is any of that good for business? As you may know, starting a business requires you to be organized, creative, and focused. You need to know all the risks and be prepared to make some sacrifices along the way. Your potential customers need you to offer a better product or service than your competitors.
So, you may be wondering whether your friend can really be a good business partner. The truth is, it can either work or not. If you want to successfully start a business with a friend, here are some important dos and don’ts to keep in mind:
In this Pinesmile Magazine video we will be answering the following questions:
5 Dos and Don’ts When Starting a Business With a Friend
Starting a business with my friends
Starting a business
Friends and Business
Should I start a business with my friends?
Things to consider when starting a business with my friends?
Dos and Don’ts When Starting a Business With My Friends
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00:00 – Intro
00:00 – Assess each other’s skills and be honest
00:00 – Clearly understand each other’s roles
00:00 – Record everything
00:00 – Don’t bring play into work
00:00 – Don’t let business affect your friendship
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