In honor of #BFFDay, I decided that it would be a great time to discuss a few pros and cons of starting a business with your best friend. Of course you start to think about how long you have been friends and you both love the same things, it'll be great, right? Well it could be the best thing ever or it could be one of the worst.
Forbes.com has an article about this very subject and list the following points as pros and cons at the same time.
- They will already know your strengths, but they will also know your weaknesses. They best thing to do is play on those strengths and weaknesses, were your partner is weak you can be the strength.
- Communication could be a lot easier, but, if handled the wrong way, could make things very awkward between the two of you.
- They will appreciate your input and most of all your honesty. When working with your bestie it will be much easier to give your honest opinion being that their reaction will be pretty predictable.
- Lastly, you and your BFF will get to spend a lot of time together. Just make sure that time is spent productively and not playfully. Work has to be done!
Sometimes not having an extensive history with your business partner is the best way to go. Shay and I didn't know each other at all and I couldn't imagine having a better business partner. We have grown to be great friends and still keep a great business relationship. Knowing the difference between personal and business is the key to success when working with a friend. If you to can grasp that concept, you and your BFF could have a very successful and prosperous business together.