How Friends Became Business Partners -- 7 Ways to Build Your Business and Stay Friends
(Page 1 of 4 )
If we had read the books out in the market in selecting the perfect business partner for success, we may not have gone forward together with our business.In our case, the criteria we used to become partners were that we were friends and liked each other and were interested in starting an internet business. The fact that we were different was what attracted us to each other as friends, though those differences can add stress when building a business. The friendship is a great foundation but alone it is not enough to create a strong partnership.
Many new businesses fail because of the partnerships. Partners need to constantly tend to their working relationship to insure it is evolving, while handling all the issues that surface up when starting a new business. Sounds Simple!
We are now in business for over a year and have spent money on creating our website, marketing and advertising our business. Daily decisions are made around how to build this business. In reflecting back, since we didn't do any planning beforehand, we came up with these important points that help friends build a partnership together.
What are your values?
When starting a new business with a friend, it's important to know what each of your values are regarding the new business. Do you share the same vision for the business? Are your goals the same?
Next: With us, we... >>
More Online Business Help Articles
More By Jase Dow
