Refresher: A Business Deal Ruined My Relationship

The Dr. Laura Podcast

Dr. Laura Schlessinger & SiriusXM

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4.6 • 6.3K Ratings

🗓️ 3 June 2025

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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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. Call 1-800-DR-LAURA / 1-800-375-2872 or make an appointment at DrLaura.com

Transcript

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0:00.0	Time now for a refresher from my Dr. Laura Call of the Day archives.
0:04.7	And remember, you two can participate on my live radio program heard weekdays from 2 to 5 p.m.
0:11.0	Eastern Time on Sirius XM Triumph 111.
0:16.8	Steve, welcome to the program.
0:19.1	How are you today?
0:20.2	Good.
0:21.3	What's happening? What can I help you with? So I try to the program. How are you today? Good. What's happening?
0:22.4	What can I help you with?
0:26.1	So I'll try to make this as quick as I can.
0:30.8	I had a family friend, so we have two kids, they have three kids.
0:34.5	All our families were very, very close, and probably our best friends.
0:39.5	Stupidly, I went into business with my best friend.
0:47.8	I was probably, you know, 80% of not only the, we were, I had invented something.
0:49.3	I invented it.
0:50.4	I brought him on board.
0:52.2	I did about 80% of the work.
0:55.8	He, for the most part, rode my coattails quite a bit,
0:59.6	but he probably would have run the business part of it a little bit better.
1:05.3	Anyways, long story short, it didn't kind of turn out the way we want. I had invested a lot of money into it. Someone came along, offered us a small percentage to take it to market.
1:13.6	I had always envisioned doing that myself, seeing it through to market, and, you know, being the entrepreneur, had bigger goals, bigger plans for it.
1:24.6	My best friend was a little bit more risk adverse, well, a lot more risk
1:28.7	adverse. He did jump on board late in the game financially. And his big take from the whole thing
	...

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