Building Your Team #1: Should I Hire My Friend? (Classic)
Founder's Journal
Morning Brew
4.8 • 1.1K Ratings
🗓️ 27 September 2021
⏱️ 13 minutes
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| 0:00.0 | What's up everyone? This is Alex Lieberman co-founder and executive chairman of Morning Brew. Welcome back to Founder's journal |
| 0:07.8 | My personal audio diary where I give you the business builder the tools you need to think better in order to build better |
| 0:15.5 | Whether that's building a business a team or a new product |
| 0:19.9 | It is time for our second ever mini-series of Founder's journal. Here's how it works |
| 0:26.9 | This week we are focused on one crucial topic in business that is important to builders founders and honestly all professionals and |
| 0:37.3 | We'll be serving you double the content to make the topic stick. That means two episodes today |
| 0:43.6 | two episodes Wednesday and two episodes Friday |
| 0:47.4 | The topic of this mini-series is building your team and today's episode is about whether you should work with friends or |
| 0:55.9 | Family in business. Let's hop into it |
| 1:02.3 | Don't do business with friends or family period end of story |
| 1:07.1 | That is the first thing I wrote down when prepping for this episode |
| 1:11.2 | It is such a visceral reaction at this point for me |
| 1:14.8 | Maybe it's because my family has always given this advice to me growing up and I trust what my family says or |
| 1:21.9 | Maybe I've simply watched and experienced too many personal relationships |
| 1:27.0 | Impacted as a result of hiring a friend or a family member and I'm now jaded |
| 1:32.6 | But it's not the case that every personal turned work relationship is doomed. There are success stories to prove it |
| 1:38.9 | You have stripe the nearly a hundred billion dollar payments company that was started by the Carlson brothers John and Patrick |
| 1:46.7 | You have event bright the publicly traded event management and ticketing platform |
| 1:51.8 | Which was started by Julia and Kevin Hartz who were fiances when founding the business and there's also another interesting |
| 1:58.5 | nuance to think about here is |
| 2:01.8 | personal turn work relationships |
| 2:03.8 | Also depend on the context in business. Is it your co-founder? |
... |
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