Starting a business with a friend sounds like a good idea in theory, but in reality, it’s often a different (much more challenging) story. Tune in today to hear about the common issues people face when they choose to go into business with their friends.
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Today's episode:
[00:39] An overview of today’s topic: the co-founders’ dilemma.
[00:53] Why joining forces with friends to start a company isn’t always a good idea.
[03:10] An example of when combining friendship and business has worked well.
[04:14] How situations often play out when one co-founder isn’t fully competent.
[06:27] How friends who are co-founders affect workplace dynamics.
[08:06] The problem of not signing a shareholder agreement (a common mistake made by friends who become co-founders).
[09:50] The key takeaway from this episode!
[10:31] Advice for people who work for co-founders who are also friends.
[11:18] An overview of the FinTech Compliance Collective program.
Show links:
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