#2258 - Q&A: “Should I go into business with my best friend?”
Side Hustle School
Chris Guillebeau
4.7 • 3.3K Ratings
🗓️ 8 March 2023
⏱️ 5 minutes
🧾️ Download transcript
Summary
This caller’s best friend is gung-ho on starting a business with her, but the caller has concerns. How can she determine if this is the right decision for both of them?
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Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week.
Show notes: SideHustleSchool.com
Email: team@sidehustleschool.com
Be on the show: SideHustleSchool.com/questions
Connect on Instagram: @193countries
Visit Chris's main site: ChrisGuillebeau.com
Read A Year of Mental Health: yearofmentalhealth.com
If you're enjoying the show, please pass it along! It's free and has been published every single day since January 1, 2017. We're also very grateful for your five-star ratings—it shows that people are listening and looking forward to new episodes. 😎 🙏🏼
Hosted on Acast. See acast.com/privacy for more information.
Transcript
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| 0:00.0 | Monso Business Banking. It just works. So you can too. Join businesses like Target |
| 0:05.7 | to Wishing by opening a Monso Business account. |
| 0:07.7 | What I love about Monso Business account is how easy everything is. It can be filtered, |
| 0:12.8 | it can be tagged. We thought we'd have to manage our business around our banks, but that's |
| 0:17.3 | not the case for Monso. |
| 0:18.4 | My name is Shun. I am the Founder of Target Trition. |
| 0:21.6 | Apply in minutes at Monso.com slash business. To apply you must be a sole trader or director |
| 0:26.6 | of a limited company, UK Business is only terms and conditions apply. |
| 0:40.8 | Welcome to Side-Essal School. This is Chris Gillebo. We've got a great question today from a listener |
| 0:46.4 | who's thinking about starting a business with their best friend, BFF Business. This is a common |
| 0:52.0 | scenario for friends to talk about going into business together. It's also not uncommon |
| 0:56.4 | to have concerns about how it might impact their relationship. |
| 0:59.7 | And sometimes what happens is one person has more concerns than the other. |
| 1:03.6 | So let's dive into this question, help our caller figure out if starting a design business |
| 1:08.0 | with their best friend is the right move and what they can do to protect their friendship either way. |
| 1:12.2 | Alright, keep going there. Let's get to it. Should I go into business with my friend? |
| 1:26.8 | Hi, this is Emily and I'm enjoying the show. I also read the $100 startup and I'm ready to |
| 1:33.2 | move forward with my long-time dream of running where in business. Specifically, I'm considering |
| 1:38.5 | starting a design business with my best friend, but I just have a few concerns about the |
| 1:43.7 | impact it could have on our friendship. She's eager to get started, but I'm the more cautious one. |
| 1:50.9 | How can I determine if this is the right decision for both of us and what step should I take |
| 1:56.6 | to ensure our friendship remains intact? |
... |
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