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Everyone will tell you, don't go into business with a friend, a relative, or your lover. But of course, many people do it anyway and you hear their horror stories in online forums like Quora or Reddit. If you're thinking about going into business with a friend, relative, or a lover - please for the love of Steve Jobs & Steve Wozniak, read THIS first. This article covers questions and thinking points to the likes of - how to vet if someone will be a good partner/founder before going in too deep TO handling confrontations. Any words of wisdom from those that have survived the carnage or still are doing it as a dynamic duo?

  • MB

    Michael Buckbee

    11 months ago #

    This was really good: my favorite piece of advice was the "start small" - there's no end to small projects that you and your potential co-founder can carve out and try to both execute on to see if things will work.

    • GR

      Gigi Rodgers

      11 months ago #

      Agreed. I have failed having a business partner in the past a few times and I NEVER thought to do this. It's ridiculously practical and something for me to keep in mind if I ever think of going that route again.

  • OD

    Ody de la Concepcion

    11 months ago #

    I can definitely relate! I started a small project of building websites with a friend in the past. Turned out we weren't jiving well. The project ended before it even started. But at least, we're still friends!

    • GR

      Gigi Rodgers

      11 months ago #

      Yes! I was lucky that my friend and I ended it 'not-so-sorely' as well. We didn't talk for a month after it was over. But when he reached out to talk to me again, we talked as if the business never even happened.

      And I was cool with that.

  • DP

    Dreu Pangilinan

    11 months ago #

    I know a friend who might relate to this. :D

    • GR

      Gigi Rodgers

      11 months ago #

      I think everyone can relate to this. EVERYONE is always so excited about their idea and, of course, you want to do it with your best friends, or your closest cousin, or your girlfriend who is such a hard worker and gets sh*t done!

      But sometimes, probably 95% of the time (lol!), it's best to keep those relationships separated.

  • RK

    Rhys Knight

    11 months ago #

    The problem we came up against was how to make major decisions without killing each other. We have different areas of expertise, so when something fell into those areas it was pretty straightforward - but when it didn't, man, we lost our minds.
    We don't have a perfect solution, but our business works like this - if you have an idea, you have to pitch it to the other person. If they don't buy in then it doesn't happen. Of course, this leads to more fights, but perhaps that's okay.

    • GR

      Gigi Rodgers

      11 months ago #

      Whoa. Yeah, this sounds like a "Battle Royale".
      Is there a third party, tie-breaker, you could pull into this?

      I like talking with 'pessimists' or 'realists' about my ideas. I'm naturally a 'dreamer' with 'realist' tendencies. So to offset my idea, into the practical steps it needs to be in, I talk to some of my friends who are straight shooters and 100% realists.

      They'll ask me questions I didn't even consider.
      But it doesn't discourage me, but pumps me up to do the research to convince them.
      This Q&A fleshes out the whole idea into practical steps towards execution.

      It sounds as if you and your cofounder are lucky to have each other.
      Though, would you consider bringing in 1 person - where you both trust this person's opinion - where they can be the 'realist' tie breaker?

      • RK

        Rhys Knight

        10 months ago #

        Hey Gigi, we used your idea...or rather it was thrust upon us by an investment partner. Very cool concept, the 'tie-breaker' is now an awesome incentive to work out our own stuff!

  • GR

    Gigi Rodgers

    10 months ago #

    Rhys, I don't know why I can't reply to your comment, but I'm REALLY GLAD that it helped you and your partner work out whatever dilemma you were going through.

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