Comments on: Should You Start a Business With Your Best Friend? The Pros, Cons and 8 Questions to Ask Each Other

By: Ryan Robinson

Ryan Robinson — Thu, 06 Jan 2022 20:03:25 +0000

In reply to Cephas.

Wishing you the best of luck!

By: Cephas

Cephas — Mon, 03 Jan 2022 07:54:55 +0000

I am a talented and well driven graphic designer with 5 years of experience, as well as a bahons degree. I am currently based in UK

By: Ryan Robinson

Ryan Robinson — Tue, 26 Oct 2021 18:18:00 +0000

In reply to Mary-Ann.

Great question! It’s difficult for me to give specific advice without a TON more information/context about each of you, the business, how it was started, where the investment funds came from (if there was any), etc… but my best advice would be to see if you can talk together with a business attorney that can help mediate the conversation.

By: Mary-Ann

Mary-Ann — Tue, 26 Oct 2021 02:54:38 +0000

Started a business with a friend we on our 4th year and we started with no foundation or written agreement and now we are in logger heads. How do we correct this going fwd?

By: Mike Warner

Mike Warner — Tue, 08 Oct 2019 21:45:22 +0000

In reply to JY.

JY, I would say your friendship is always more important than any business. I would recommend you to separate the business and friendship in your mind. Then try to have a thick skin and don’t pay attention to what’t going on at work. Remember, no matter what your communication at work, friends are always friends.

By: Mike Warner

Mike Warner — Tue, 08 Oct 2019 21:39:40 +0000

It is not a problem to start a business with friends unless you run into problems and you need to split it. In this case it is better to prepare all paperwork in advance, just in case if you need it in the future. Another potential problem is that your friends may not follow your directions if you are their boss. On the other hand, the benefits are tremendous. You trust your friends, you understand them better than strangers.

By: Jen Theuriet

Jen Theuriet — Tue, 21 May 2019 20:59:11 +0000

Great article! I definitely want to start out on the right foot by getting everything in writing. Do you have a template for this?

By: Corey

Corey — Wed, 10 Apr 2019 19:58:27 +0000

Wow. Some really good points that I never thought of and really need to mull over. Thinking about starting a new project with a friend and this is something that will definitely help me decide on how to do it!

By: Gladys Corrales

Gladys Corrales — Sun, 29 Apr 2018 23:10:40 +0000

I live in the US and a high school best friend lives in the Philippines. We both want to start a traveling agency in Philippines . the problem is she do not have a capital to invest except she has the connections and skills to start the business. I don’t mind that at all I’m just worried of how the set up will be since I live here in the US