Should I Start a Business With a Friend? (w/ Blake Mycoskie)

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We've all been there. Late one night you and your friend come up with a business idea that will change the world. But is it a good idea to start a business with a friend? Today Don sits down with Blake Mycoskie, the founder of Toms shoes, to all about the do's and don'ts of starting a business with a friend.

[@jpdanda]

Learned quite a lot, actually made the mistake of partnering with a friend and did not take many of these things into consideration, man the fights that ensued later on, we managed to rectify, go our separate ways but now I'm wiser and taking into consideration what has been said in this video, I have gained valuable wisdom.

[@PodMatch_com]

Wisdom right there! That's great advice - I'll be passing this along.

[@flowplan925]

Thank you. Flow 444 XFE

[@New-York-Guy-90.]

Best not to do business with family and or friends....
My dad made an investment with his stepsister way back in 2007 that went south (old sayin) and he is still mad at her and before that they were close they did not use the term step the referred each other as actual siblings and she loved him more than her own full brother

[@willyshoo]

...and I'll bet they didn't follow these steps

[@New-York-Guy-90.]

@@willyshoo she told him he would triple his money with the investment she anticipated....and she said that she would take responsibility if it went bad....you are right they did not put it on paper 📝 because he trusted her with his money and did not think she would do what she did

[@willyshoo]

@@New-York-Guy-90. yes sir. It's unfortunate, but these days it's got to be on paper, even (especially) with friends and family. If she saw on paper that she'd be responsible for any losses, there's a decent chance she wouldn't have signed it.

[@CodenameNeo]

Business with friends and family is not a good idea unless you have full trust

[@JayRAHid1]

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