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6 - Hey, what's a business between friends?

6 - Hey, what's a business between friends?

Released Thursday, 5th November 2020
Good episode? Give it some love!
6 - Hey, what's a business between friends?

6 - Hey, what's a business between friends?

6 - Hey, what's a business between friends?

6 - Hey, what's a business between friends?

Thursday, 5th November 2020
Good episode? Give it some love!
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John and Ete are best buds. They've been friends for decades and they consider each other family. Now that they're going into business together, they need to create a partnership agreement. But they're doing the thing everyone knows you should never do. They're putting their business plans and their relationship to the test by building the company and seeing what happens, before structuring a contracted agreement. Can this work? Is this the path to success via flexibility, or a potentially friendship-ending mistake?

In this episode:

  • Considerations when structuring a partnership agreement.
  • Figuring out the split. What do you bring?
  • Communication: DTR (get out your urban dictionary) and your roles. Do not hold back.
  • Building a business with a best friend.
  • A potential disaster? Trust and a handshake: moving forward without an agreement.

Check us out at misterbermuda.com.

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