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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
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

8 reasons why entrepreneurs need more business relationships and fewer friends

Because 'it's not what you know, it's who you know.'

Successful entrepreneurs understand the difference between a good business relationship with more people and having more friends. In fact, the focus on social networking platforms, starting with Facebook, has destroyed the meaning of the word friend and even changed it from a ...

by Martin Zwilling  | February 04, 2016 08:00:00
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

How to hire friends without destroying relationships

Doing business with friends has its own pros and cons. Know how to deal with it with these tips.

You've no doubt been warned about the perils of doing business with friends and family. However, when the perfect person for the project happens to be in your inner circle, it's important to keep an open mind about hiring. By taking some precautions you can maximize the benefit of knowing ...

by Yair Tygiel  | April 26, 2015 06:05:00