Going into Business with Friends
Made U Look
June 4, 2013
I've decided to go into business with three other girls who I met online and have since become great friends with. We all run our own businesses independently but this will be a collaboration between the four of us. I'm really excited about it because we all have different skills and I think we can all bring something different to the table. I was wondering if you had any advice about going into business with friends (I know you've done it with Gala and Shauna with The Blogcademy and you all met online too!) The business idea was actually mine so I guess I'm the driving force behind it but obviously I can't do it on my own. My main question is how do we spilt the finances or decide who gets what? Do we split it evenly because that is the fair thing to do, even though each of us will have a different level of involvement and workload? We roughly know where everyone's strengths lie and even though it will totally be a team effort, it was my idea. Some of the others are more driven towards the networking and exposure that this venture might bring rather than the money but at the same time, I don't want it to become awkward further down the line with the potential of someone not pulling their weight because they aren't getting paid.Read more...