Post
Topic
Board Economics
Re: Concers About Going in Business with a Friend
by
superman184
on 12/05/2023, 23:40:30 UTC
I have never done business with friends but my take is everything in this life is information, for me to enter into any business partnership with any friend there will be a consensus on everything which will be written and backed by the law. Also, anything dealing with money must be countersigned by both parties.

I prefer partnerships in business, but the partnership I mean here is when a friend who already owns a business wants to work with my business where both can be mutually beneficial. Not in one business that is managed by two people, because if one business is managed by two or more people, surely one day there will be a commotion if there is a loss of capital money when calculating profits.

So it's better to partner by tying one business to another than putting friends into a business that we build ourselves, unless our business is already very big and really needs new people to run it. Both at the branches and at the basic location because when the business network has started to be wider and the area has been able to cover more, it will obviously require more people to be placed into the business.