For Subscribers
Most Friends Don't Make Good Business Partners. But Here Are 3 Things You Can Do to Change That.If you and your friends are thinking of starting a business, there are some ground rules you'll need to discuss first.
ByJason Feifer•
Key Takeaways
- When friends form companies, they're often afraid to lead each other.
- It can be hard to create rigid structures and processes.
- How to use the "disagree and commit" method.
It can be funstarting a companywith a friend — unless disaster ruins both the company and the friendship. But good news: You can avoid disaster.
You just need to treat the company like a company — andnotlike an extension of your friendship.
Here are three ways a company is not like a friendship, and how to balance both.
