doing business with friends

From the other side of the globe, I came across an interesting post on “Mixing Business with Friendship,” which adds a slightly different nuance to our earlier friends and family post.  It agrees that “[n]o one can be a partner, simply because he or she is your friend.”  It also points out how deceptively comfortable […]

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When we’re growing our business, friends can serve as a great source of referrals. They know us well, trust us, and have no hesitation about recommending us to others. But what happens when a friend makes a referral . . . and the referral is the friend herself? The dynamics of your friendship can change […]

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Post image for Basic Training: H is for Heaven, Send Me a Nickel . . .

If I had a nickel for every time someone told me that he or she did something business-related with a friend/acquaintance and it ended disastrously, I’d be writing these blog posts from my trans-oceanic yacht. The moral of the story (in case you’re pressed for time): Whenever you are hiring someone (or being hired) to […]

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Post image for Should You Do Business With Friends?

Adhere to the following 4 ground rules if you want to keep the friendship. Should you . . . or should you not . . . do business with friends? The short and obvious answer is: It depends. Whatever side of the deal you’re on–giver or receiver–here are some ground rules to consider: Only do business […]

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Post image for The Snags in Doing Business with Friends

It’s so easy to get sucked into an awkward spot when doing business with friends. It can start out as an exchange of expertise (a barter of the minds, if you will). Add in a dollop of friendly advice and MasterMinding. Mix together in a bowl . . . and watch the uglies emerge. One […]

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It gives me the heebie-jeebies when I hear, “I went into business with So-and-Such because he/she is my best friend and really gets me.”  Not that it can’t work out, or that I’m trying to give them the evil eye.  But I’ve seen all too often how the desire for camaraderie and support quickly turns […]

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