December 23, 2017
Well if this just isn’t the week for Beatles songs! Justin Knowacki has a post on getting by (or not) by doing business with friends, which brings up an excellent subject: should your friends (or family, for that matter) become your business partners? The short and obvious answer is . . . it depends. As Justin points out, “[i]t’s a tough situation to work closely with friends because the lines between casual and professional interaction — and expectations — can become fuzzy.” People take a lot for granted when they work with friends or family. There’s an expectation that they “get” you — that they understand what you’re going through as an entrepreneur and will support you 100%. That may have been the case when they were a casual observer of your business, but once they’re part of the business, any number of issues can crop up where your interests diverge. Like how you’re spending money. Or, the direction in which you’re taking the company. Or, the kinds of clients/customers you want to take on. All…
Continue ReadingDon’t partner up with anyone until you ask yourself these 10 questions. Strategic alliances: They’re great when used effectively to expand the range of your product or service offerings; they’re not so great when you…
Read MoreQ.: I own a small hair salon. A customer recently received services, then said she forgot her wallet and would return later in the day with her payment. She never came back. She has done…
Read MoreLife is supposed to be about the journey, not the destination (or so I’m told). Yet, when it comes to starting a business–or a business relationship like with business partners–what’s the best advice I can give?…
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