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Run & Grow

2 Harsh Experiences Convinced Me Never to Invest in Friends' Companies

How do you avoid the drama-filled minefield that can result when a friend pressures you for financial support?

I’ve lost not one but two friendships this year because my response to an investment opportunity didn’t meet those friends' expectations. The lesson I learned? Friends and funding definitely don’t mix. Here's what happened:Experience No. 1 occurred at 2 a.m., Sydney, Australia, time. I had just ...

by Alex Gold  | December 04, 2018 08:00:00
Run & Grow

Here's How People Successfully Work With Friends, Family and Even Their Spouse

The key to a happy life: Clearly defined roles and responsibilities

This story appears in the September 2018 Entrepreneur. Subscribe »When I say that my wife and I wrote a novel together, people’s first reaction is almost universal: “You’re still married?” The idea seems terrifying -- but we loved it. The project took us three years, ...

by Jason Feifer  | September 12, 2018 06:00:00
Run & Grow

I Was Ripped Off by Someone I Thought Was a Friend. Here's What I Learned

If I had dug a little deeper, I would have seen the truth

When I first met Chris, I felt a real kinship. He was accomplished, had a strong following and had the successes that I had been struggling to achieve. Not only did he understand marketing, manage a team of virtual assistants and run ads at scale, ...

by Luis Congdon  | May 28, 2018 02:00:00
Startup Tips

I Co-Founded a Startup With My Best Friend: How to Balance Friendship and Business

Follow these three tips if you're thinking about co-founding a company with a friend

From the very beginning, my co-founder Nicolas and I were very hands-on with the business. When we first secured office space, we drove straight to IKEA to purchase brand new furniture. Nicolas and I didn't have a large enough vehicle, so we befriended and ...

by Dan Saks  | March 10, 2018 02:00:00
Run & Grow

The Basics of Borrowing From Friends and Family

It’s important to be as disciplined about it as you would be in dealing with a professional investor

Borrowing from friends and family makes sense. People with whom you have close relationships know you’re reliable and competent, so there should be no problem in asking for a loan, right?While borrowing money from family and friends may seem an easy alternative ...

by Entrepreneur US Staff  | December 24, 2016 12:00:00
Startup Tips

The 4 types of people to surround yourself with for success

You are the sum of who you spend your time with.

Success does not occur in a vacuum. In reality, there are a number of factors that lead to the success of an entrepreneur. Hard work and drive are always necessary for entrepreneurial success, but your personal improvement leading up to your success ...

by Gerard Adams  | May 25, 2016 01:00:00
Startup Tips

5 things to know before starting a business with friends

These tips will help you avoid the usual pitfalls of starting a business with friends.

Starting a business with your friends is incredibly rewarding, but it comes with its own unique challenges.You want co-founders who can push you, who can make you nervous—the sort of people whose intelligence and drive make you feel as though you’ve got ...

by William Litvack  | July 19, 2015 09:00:00
Run & Grow

Do you know who your friends are in business?

Everyone you do business with will surely have his/her own interests in mind. Thus, you should always aim to benefit from relationships with them.

Some entrepreneurs act as if everyone is out to get them. Don’t.It’s wise to assume that everyone you do business with is self-interested, because, well, that’s true of people in general. Instead of living in fear that someone is going to do ...

by Stephen Key  | May 19, 2015 07:00:00
Startup Tips

5 kinds of people who will help you succeed as an entrepreneur

Don't detach yourself from these people who can contribute to help you attain success.

Entrepreneurship is, in many ways, about achieving independence. You won't have a boss anymore. You won't have a network of supervisors and coworkers to set your schedule or monitor your success. Instead, you'll become a master of your own destiny, and you'll ...

by Jayson Demers  | May 15, 2015 10:00:00
Startup Tips

Keep your friends while starting up with these 4 tips

In doing business, competition among friends is healthy, yet risky. Keep your ties together with these tips.

Starting a business is risky, but also exhilarating. You get to follow your dreams, work your own hours and stop building wealth for "the man" and start building it for yourself. So what do 'your corporately employed friends think of your newly ...

by Adam Callinan  | May 07, 2015 09:00:00
Startup Tips

7 business lessons from Ross, Rachel, and the rest of the 'Friends' crew

If you miss the hit TV show �Friends,� join us in reminiscing some highlights, which all entrepreneurs can relate to.

We all know that television doesn�t always depict life accurately, but sometimes a fictional show will teach you some real truths.We took a look back at NBC�s sitcom Friends to uncover lessons that entrepreneurs might find helpful, even when it hasn�t been ...

by Carly Okyle  | February 20, 2015 04:00:00
Business Ideas

How to be a loan star

Here are things to consider before lending money to friends and family.

by J.D. Roth  | January 15, 2014 12:30:00