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“I can't stress enough: when doing business with friends, the agreement needs to be ironclad. The terms need to be crystal clear. THe more you leave open to interpretation, the more one party will make assumptions based on friendship rather than business. Sometimes we avoid these conversations because we don't want our friends to think we don't believe in them, but it's always better to discuss contingency plans before you need them.” — Lauren Wesley Wilson
I can't stress enough: when doing business with friends, the agreement needs to be ironclad. The terms need to be crystal clear. THe more you leave open to interpretation, the more one party will make assumptions based on friendship rather than business. Sometimes we avoid these conversations because we don't want our friends to think we don't believe in them, but it's always better to discuss contingency plans before you need them.