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The Dr. Laura Podcast

COTD Refresher: A Business Deal Ruined My Relationship

The Dr. Laura Podcast

Dr. Laura Schlessinger & SiriusXM

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4.66.3K Ratings

🗓️ 24 September 2024

⏱️ 11 minutes

🧾️ Download transcript

Summary

From my Call of the Day archives; A business deal destroyed Steve's relationship with his best friend, and he can't get past losing such an important person in his life. Searching for advice? Call 1-800-DR-LAURA / 1-800-375-2872 or make an appointment at DrLaura.com

Transcript

Click on a timestamp to play from that location

0:00.0

Time now for a refresher from my Dr Laura Call of the Day Archives and remember you

0:05.6

too can participate on my live radio program heard weekdays from 2 to 5 p.m. Eastern time on

0:11.9

serious XM Triumph 1111.

0:14.3

Steve, welcome to the program.

0:18.6

How are you today?

0:19.8

Good.

0:20.8

What's happening?

0:21.8

What's happening? Good. So I'll try to make this as quick as I can.

0:26.0

I had family friends.

0:28.0

So we have two kids, they have three kids.

0:31.0

All our families were very, very close and probably our best friends.

0:35.6

Stupidly I went into business with my best friend. I was probably, you know, 80% of not only the we were I had invented something I invented it I

0:49.4

brought him on board I did about 80% of the work he for the most part rode my coatales quite a bit but he probably

0:56.8

would have run the business part of it a little bit better anyways long story short

1:01.8

it didn't kind of turn out the way we want. I had invested a lot of money into it.

1:07.0

Someone came along, offered us a small percentage to take it to market. I had always envisioned doing that myself, seeing it through to market, and being the entrepreneur had bigger goals,

1:23.2

plans for it.

1:25.0

My best friend was a little bit more risk adverse.

1:28.0

A lot more risk adverse.

1:29.2

He did jump on board late in the game financially and his big take from the whole thing is hey if I get a

1:36.9

little bit of money from it good I'm good to go.

1:40.7

In the end he started questioning my ethics and you know whether or not I was being a true friend and he tried to force my hand and selling to a third party and inevitably I made the decision to walk away from the friendship but as I had explained it was actually not only myself but it was my whole family like we had done family trips together it was a We had done family trips together.

...

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