Working Together

5 steps to help keep your business (and relationship) on track when setting up in partnership with your partner or your friend!

1. Discuss what you want to get out of the business. Are your values and goals compatible.  Be honest.  It’s better that any potential problems are revealed now rather than further down the line.

2. Talk to other people who have set up businesses with friends or partners and learn what you can from their experiences and mistakes.

3. Have a trial period with your prospective business partner, perhaps working on a project or at weekends.

4. Have an early review of the situation.  Are things going as planned?  Are you on track to acheive your goals? Get any issues out in the open.

5. Establish ground rules for running the business.  Ensure compatible but distinct roles.