• Would you ever go into a partnership with a friend?
  • Would you ever go into a partnership with a friend?

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  1. #1
    Wong
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    Would you ever go into a partnership with a friend?

    I am talking about a business venture here. I have heard of people doing this and it ending horrifically bad.

    Someone I am close with online mentioned starting up an online business and wants to run it with me. At first I was all excited but now I am having second guesses on it and I am getting cold feet. I feel like it can be something that backfires on me and I end up with nothing when all is said and done.

    Would you ever go into a partnership with a friend?

  2. #2
    Wong
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    jimhawking
    Maybe. It all depends on what the two of us can offer each other, and how we can go about achieving what we want our enterprise to achieve.
    A boy has the right to dream. There are endless possibilities stretched out before him....

  3. #3
    Wong
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    harrymacdougall
    The best way to lose a friend is to put money in the equation.
    Never overestimate mankind.

  4. #4
    Wong
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    Quote Originally Posted by S1LVERST@R35 View Post
    The best way to lose a friend is to put money in the equation.
    This is what I was thinking. I have seen people win money from the lottery and lose all their friends so mixing work and money has to be even worse.

  5. #5
    Wong
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    lordhazanko
    I try to separate business and friends as much as possible. A safe middle-ground is supporting them in getting a job or being a professional reference for them.
    "Out of the ground, raze all greenery with flame! Fire2!"
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  6. #6
    Wong
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    You know my parents and grandparents always told me never to mix business and friendship more so having distant relatives to work for you or have them as partners.

    Well I didn't listen and opened up a business along with my 3 closest friends. After a year things got messy and we all had a big fight. I haven't seen or spoke with 2 of them for 10 years now. So now I know that having friends as business partners is not a good idea because you're risking your friendship.

    Hiring a distant relative is also a problem because there would always be issues of favoritism and trust also reprimanding them usually causes issues between families.

  7. #7
    Wong
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    I agree with you completely. Making your friends Business Partners is a very risky thing because business always takes precedence over friendship. While true friendship is always more important than money.

  8. #8
    Wong
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    Mixing friends with business never works, no matter what you want to tell yourself. If you have a best friend and still cherish that friendship, it is better not to get into business together.

  9. #9
    Wong
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    Getting into a partnership with a friend only ends one way, in disaster. First, you kiss your friendship goodbye and second, you develop hatred for someone you had a ton of respect and love for. Trust me, it is not worth it.

  10. #10
    Wong
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    I have done this before, and it never ended well. Way back 2012 I started a logistics business with a friend of mine, and he's my cousin too. At first, we were hitting it off and share ideas with one another, so I thought it was great. Then after a year, he suddenly changed and started to become greedy about the business. To sum it all up, he took advantage of me, and I realized that the best thing I could do is to sell my shares to him. The business went great for a few months, and he wanted to be the sole proprietor, he wants to gain all the credit for himself. So I learned a lesson that I would never be partners with anyone especially family when it comes to business.

    Everyone wants to have it all at some point. Lately, I heard that the company is having problems financially and I'm glad I'm not a part of it anymore and took back all of my investments.

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