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10 questions you must answer before you partner with a close friend or family member in business


4543 views Category: General   | By Anonymous |

Summary



Bringing a family member or friend on board as a business partner may seem like a fine idea, but the relationship can prove tricky to navigate--or to end, if things don't go well. "It's easy to get into business, but it's hard to get out," says Wayne Rivers, president of the Family Business Institute, a consulting firm based in Raleigh, N.C.

That means you need to take a step back and think carefully before partnering with a friend or relative. Here are 10 key questions to consider. . .  

 
Requirements or Required Knowledge

10 Questions to Ask Before Family and Friends Become Business Partners
1. Own a business or atleast intend to own one
2. Have a close friend or atleast a family member

 

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