This blog post is in response to Blessie Rae Canete’s blog on hiring friends in business as partners . She accepts to start a business with a partner and is more interested in close friends to be the partners. But I would disagree having partnership with a friend. I will not take risks on friendships this way. In my point of view, friends should just be friends.
Although , you trust your friends, you might not be aware of how well they will be able to perform. You might be an active partner , who works hard for the business to grow . But , what if they don’t take part in business. As they are friends, and if you are unhappy with them, you will feel uncomfortable to tell them to quit the business.
I have got an other personality who supports my view. Brad Sugars , the founder and chairman of ActionCOACH mentioned in an article that if your business ends , your friendship ends. Being a business coach and having more than 1,000 offices in 34 countries , he opposes to have partnerships with friends. I would say that , if you have a break up due to some other reasons regardless of business, then your business would shut down. Or if your business is in a situation to end , your friendship ends.
To conclude , I suggest to have partnerships with some reputed firms instead of just hiring a friend and entering the state of psychological depression.