Submit     Newsletter     Search     Register  

What should you consider when buying your friend's company?

You are better off not hiring your friends, but if you have to, it is important to discuss the worst case scenarios and to figure out how you would either avoid them, or work through them. Derek and David knew each other for a long time and had a lot of mutual respect, and even then, they had to answer a lot of questions, including what it would look like if one of them quit or was fired.