15 reasons why you can not start a business with friends

Modern economy maximally contributes and creates incredible conditions for the prosperity of private business. Already a huge number of people are not hiring to work for someone, and they are building up their own business. According to forecasts by 2020, there is a possibility that about forty percent of people will work for themselves. However, there is a great temptation to share all difficulties and a huge burden of responsibility with one of your friends. But business is not the best sphere in which it is worth intervening your friends. And for this there are a number of pretty good reasons.

Friendship does not always turn into a business partnership

Many people mistakenly believe that the friendly ties that exist between them and their loved ones will instantly turn into business ties, and ideal partners will emerge from them. And because of this, very many are greatly disappointed when everything turns out to be quite the opposite, and one friendship is not enough to get a reliable business partner.

Friends do not consider the worst options

Very often, the friends you turn to start your own business do not consider the probabilities of what will happen if your business burns out. Both you and your friend can proudly embark on a business path, but what will happen to your friendship if you do not succeed?

It is difficult to allocate roles

In most cases, friendship is organic, that is, there are no clearly assigned roles in it, and you simply exist within it absolutely freely. But in business it does not work out that way, and you will need to distribute business roles and responsibilities, which may not be as easy as you might initially think.

Difference in purpose

A major problem may be the difference in the goals that you set for yourself. While you want to create a reliable business that will gradually rise and in the future can reach higher heights, your friend can view this business simply as an opportunity to earn some money right now.

The price of failure is higher

According to statistics, half of private companies are not able to survive the first two years of operation. And if there is a failure, the owners get financial damage. And if the owners are friends, then the damage for them, respectively, will be much higher. And he is able to question even relationships that were incredibly strong before you made the mistake of starting a business together.

Financial issue

If you do not want to lose a friend - never lend him money. Everyone knows this, but in the case of business, everything is much more serious. For your business to flourish, you will need to invest your finances, while linking yourself to a full-fledged financial contract. It's too much money for one friendship.

Weekend or leave

By creating your own business together with a family member or close friend, you actually reduce to zero the likelihood that you will continue to be able to spend a normal weekend together or go on vacation. After all, if you do it simultaneously, then leave your company without any guidance. Accordingly, will have to rest separately.

Family Finance

If you decide to start a business together with a stranger, then you can ease for yourself the financial side of the matter. After all, business requires serious cash injections, and the partner will allow you to divide expenses. But what if you are going to start your own business with a family member? You will have to take funds from the total capital, which will not be the best way out.

Experience and professionalism

Often, when you start your own business, you can contact a specialist or hire one. And he will be able to lead certain things for you in which you are not particularly knowledgeable. If you start your business with a friend or family member, it increases the likelihood that you will have a serious gap in the field of professionalism in specific areas of activity. You can distribute roles among themselves, but hardly any of you can deal with them at the highest level, and this can already harm your company.

Emotions prevail over the mind

It's no secret that your own business is constantly associated with serious stress, on your way there will be problems that need to be resolved in an emergency. All this can lead to tension between business partners. But if in life other than their own business they were not particularly familiar and did not communicate, then they can much easier cope with this stress. But if they are members of one family or good friends, then the problem may turn out to be much more serious. After all, in such relationships, emotions can often prevail over the intellect, partners can begin to find out not business, but friendships or family relationships, which, naturally, does not benefit your business.

Difficulties with reproaches

A person is prone to make mistakes, and in business this also happens quite often. That's why you need a business partner - always cover your rear, point out the mistake, correct your mistake. You can do the same for him at any time. But in the case of friends or family members, everything becomes more and more complicated, because it is much more difficult for a person to point out a mistake or reproach in the wrong decision of the one with whom he is connected more closely. Accordingly, such situations can lead to the fact that the error hangs in the air, harms the company, and the time for resolving the situation is much more than it should have been.

Mutual harm to personal life and work

Very often people say that you should not mix work and personal life. And this has its own truth, especially when it comes to the business that relatives or friends have started. The fact is that any conflict that occurs outside the business, such people can instantly develop into a business squabble and affect your company. Similarly, on the contrary, if you have any problems with your business partner at work, this will immediately affect your relations outside the business sphere.

Relationships can also suffer if successful

In most cases, attention was focused on situations where something goes wrong in business or in the personal sphere. However, it should be noted that even the success of your business can strike a blow to your friendship or relationship with relatives. The fact is that success in business also very much changes both people and their views, as well as the scale of the firm's actions. And if at the very beginning you could pursue one goal, since there were not others in particular, now that your company has reached a new level, there are multiple opportunities that can lead to frustration in your relationships, even if in business everything is still on Will be in perfect order.

Changes in the business sphere are detrimental to friendship

As mentioned above, the market does not stand still. It is constantly changing, and your company will have to adapt to these changes in order to stay afloat. But will your friendship adapt to them?

Business is not always a priority

In the same way, you can say the opposite - if you have a common personal life or high-level relations, then business will not always play the most important role for you. By mutual consent, you will spend more time solving your personal problems, which will very quickly slow down or stop the development of your company.