How to start a business with your friend—without ripping each others’ throats out

“It​ ​is​ ​a​ ​bad​ ​idea​ ​to​ ​start​ ​a​ ​business​ ​with​ ​your​ ​best​ ​friend.​ ​It​ ​is​ ​also​ ​a​ ​terrible​ ​idea​ ​to​ ​start​ ​a business​ ​with​ ​your​ ​wife​ ​or​ ​your​ ​girlfriend.​ ​You​ ​will​ ​end​ ​up​ ​friendless,​ ​divorced,​ ​or available​ ​depending​ ​on​ ​the​ ​scenario.”​ ​— ​Gordon​ ​Miller, managing partner of G3i Ventures. 

Everyone has heard this advice. Everyone. DO NOT mix business with pleasure. Because the pleasure always loses out. And most of the time, the business, does as well. 

“I​ ​demanded​ ​him​ ​to​ ​focus​ ​on​ ​the​ ​business.​ ​I​ ​lost​ ​it​ ​and​ ​started​ ​yelling​ ​at​ ​him.​ ​He​ ​left​ ​that night​ ​and​ ​stopped​ ​returning​ ​my​ ​calls.​ ​The​ ​team​ ​started​ ​to​ ​fall​ ​apart​ ​and​ ​now​ ​I​ ​had​ ​no support.​ ​We’re​ ​still​ ​connected​ ​on​ ​Facebook,​ ​and​ ​maybe​ ​we’ve​ ​chatted​ ​once​ ​or​ ​twice​ ​via DM.​ ​But​ ​my​ ​[once​ ​childhood]​ ​friend​ ​and​ ​I​ ​haven’t​ ​spoken​ ​in​ ​10​ ​years."—M​ack​ ​Burnett​ ​III  Read more...

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