{"id":5241,"date":"2020-12-05T06:54:04","date_gmt":"2020-12-05T06:54:04","guid":{"rendered":"https:\/\/wordpress-751090-2973267.cloudwaysapps.com\/?p=5241"},"modified":"2020-12-05T06:54:06","modified_gmt":"2020-12-05T06:54:06","slug":"the-positives-and-negatives-of-starting-a-business-with-your-friend","status":"publish","type":"post","link":"https:\/\/www.a1articles.org\/the-positives-and-negatives-of-starting-a-business-with-your-friend\/","title":{"rendered":"The Positives And Negatives of Starting A Business With Your Friend"},"content":{"rendered":"\n
\"Starting
Starting A Business<\/figcaption><\/figure><\/div>\n\n\n\n

Do you feel like you need to start working on your own business now? That\u2019s perfect, you\u2019re on the right track. Not everyone is a \u201cjob\u201d person. You need to do something different! But I do understand that it\u2019s a long and lonely road if you\u2019re trying to launch a business. If you don\u2019t have anyone beside you, it might be difficult for you to get to the other end of the road. Because of this, you thought of asking your friend for a good and helpful company a.k.a business partnership<\/a><\/strong>.<\/p>\n\n\n\n

Yes, it\u2019s great if two friends meet and work on the same business idea and prosper at it but do you think it will always work? Do you think it\u2019s easy if you have your friend by your side? You need to understand one thing that there\u2019s no possible way that only has advantages and no disadvantages at all. If you\u2019re trying to launch a business with your friend, then consider these pluses and minuses of this first and then think if you want to do it or not. If you think you can go past the negative points, then I\u2019d encourage you to go for it!<\/p>\n\n\n\n

Let\u2019s take a look at the pluses first!<\/strong><\/p>\n\n\n\n

1. You Don\u2019t Need to Gain Each Other\u2019s Trust<\/strong><\/h2>\n\n\n\n

Having the trust of someone is who you\u2019re working with is an essential thing and there\u2019s no compromise in it. You can\u2019t be working with someone you don\u2019t trust because that\u2019s a very dangerous and uncomfortable position. And if you\u2019ve just started to work with a new guy, it will take a lot of time to get to that level of trustworthiness. When you\u2019re working with a friend, both of you know each other very well. There\u2019s no such thing as distrust between you two because you\u2019ve been together for a while now. Of course, BFF\u2019s love! <\/p>\n\n\n\n

2. Acceptance of Strengths and Weaknesses<\/strong><\/h2>\n\n\n\n

Working with a new business partner, who you don\u2019t know properly yet and they don\u2019t know you properly as well, can be troublesome. Everyone has their own strengths and weaknesses but if you guys are strangers, you will definitely not accept and understand these things. All you guys are going to do is argue about each other\u2019s weaknesses and things will be much less productive than you expect. This understanding and acceptance of each other completely can take some time when working with a stranger. But if it\u2019s your friend you\u2019re working with, you don\u2019t need to worry about this thing. Friends know each other the best and they even accept each other\u2019s strengths and weaknesses efficiently. This thing will help you a lot in taking your business to the next level.<\/p>\n\n\n\n

3. You Easily Develop New and Effective Strategies\u00a0<\/strong><\/h2>\n\n\n\n

You can call this brainstorming since you get to come up with new ideas to improve your business. If that\u2019s what you want to do, then you need a peaceful and comfortable mind and someone beside you who can help you with that. This can\u2019t be possible with the person you\u2019ve just met because there will be differences in minds and thoughts that will make both of you uncomfortable with each other. Plus, you guys can\u2019t open up completely and stay reserved a lot which will kill your creativity and ideas. But none of this will happen if you\u2019re working with your BFF. You guys know each other the best and can open up with new ideas and strategies that will help you develop your business. <\/p>\n\n\n\n

4. A Friend Shares the Burden<\/strong><\/h2>\n\n\n\n

When there\u2019s no bonding between two persons and they want to start a business, there won\u2019t be any sharing of burdens. Even though they both want to make it happen but the distrust and differences between them will stop them from doing it. What\u2019s a friend who isn\u2019t available to support you when you need it? A friend is who will help you here in this situation only. Starting a business is a difficult thing to do since there will be a lot of failures and wastage of money as well. Of course, one person can\u2019t usually bear these things but if there\u2019s a friend beside them, the burden gets shared equally and this amazing support doesn\u2019t let each other down. Ultimately, the business will go up and up only. <\/p>\n\n\n\n

Let\u2019s see what the minuses are in starting a business with a friend.\u00a0<\/strong><\/p>\n\n\n\n

1. Taking Unnecessary Advantage<\/strong><\/h2>\n\n\n\n

In business, there come hundreds of moments when you need the help of your business partner because you know they can do something no one else can help you with. Of course, this is a good thing because if both of you are partners, then there must be mutual assistance. But because both of you are friends, there\u2019s a lot of informality between you two that it becomes dangerous. For example, if your friend has a lot more money than you do, you\u2019ll be asking for it a lot so your friend would spend more on the business than you do. And your friend will hesitate a lot to say no to you because of the relationship and still be convinced to give you the money. This is what happens unintentionally because you don\u2019t even know when it\u2019s happening. <\/p>\n\n\n\n

This can happen to you as well.\u00a0<\/strong><\/p>\n\n\n\n

2. You\u2019re not my Boss!<\/strong><\/h2>\n\n\n\n

When you step into a business with a friend, you guys decide there won\u2019t be any bossy behavior between you. That\u2019s a good thing to decide to be friends but unfortunately, this doesn\u2019t come out to be true for long. It only lasts a few days and then one of you starts their bossy behavior to take down your partner. Seeing this, the partner backfires and both of you get indulged in this bad behavior. Don\u2019t go opposite to each other and talk calmly to focus on only one direction. If you\u2019re starting a business, let\u2019s say, a gift shop, then you\u2019re gonna need gable gift boxes from Dawn Printing<\/a>. If your friend argues that they should only invest in hexagonal gift boxes, then keep your ego aside and talk to them calmly about buying gable gift boxes. But sadly, this is a genuine issue that will hit every now and then if you can\u2019t control it. <\/p>\n\n\n\n

3. You Guys Keep it Personal and not Professional<\/strong><\/h2>\n\n\n\n

This is a huge con when it comes to starting a business with a friend. The professionalism between you guys will automatically be down and you will be more personal. Remember that your friend is your friend when you guys are out of work. The period you\u2019re working together in business should be spent professionally. Don\u2019t bring personal things between you guys or else both of you will lose your decision-making abilities and professionalism which are super important for running a business. <\/p>\n\n\n\n

4. You Lose your Business, You Lose your Friend<\/strong><\/h2>\n\n\n\n

This is one of the worst disadvantages of this whole thing because losing a friend can be much more stressful than losing a business. Bearing both of these stresses is a huge challenge and you wouldn\u2019t want to face it. Even if you think that if the business fails, it won\u2019t affect your friendship, that won\u2019t be enough because your friend might not have such a mindset. They would start hating you or have many bad things about you in their hearts just because of this very incident. This is something that happens usually but if you think that it won\u2019t happen between you guys, then go for it. <\/p>\n\n\n\n

Conclusion<\/strong><\/h3>\n\n\n\n

The worst mistake that you can do while having business with your friend is to be personal with them. If you\u2019re not personal with each other, then you won\u2019t be facing many problems like not understanding each other, distrust, being bossy around, etc. If both of you just keep a professional mindset and keep these things in mind while trying to run a business, I bet that this business will reach unexpected heights.<\/p>\n","protected":false},"excerpt":{"rendered":"

Do you feel like you need to start working on your own business now? That\u2019s perfect, you\u2019re on<\/p>\n","protected":false},"author":628,"featured_media":5242,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[486,2080,2079],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.a1articles.org\/wp-json\/wp\/v2\/posts\/5241"}],"collection":[{"href":"https:\/\/www.a1articles.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.a1articles.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.a1articles.org\/wp-json\/wp\/v2\/users\/628"}],"replies":[{"embeddable":true,"href":"https:\/\/www.a1articles.org\/wp-json\/wp\/v2\/comments?post=5241"}],"version-history":[{"count":0,"href":"https:\/\/www.a1articles.org\/wp-json\/wp\/v2\/posts\/5241\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.a1articles.org\/wp-json\/wp\/v2\/media\/5242"}],"wp:attachment":[{"href":"https:\/\/www.a1articles.org\/wp-json\/wp\/v2\/media?parent=5241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.a1articles.org\/wp-json\/wp\/v2\/categories?post=5241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.a1articles.org\/wp-json\/wp\/v2\/tags?post=5241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}