[Jewelry making - Article 01035] - Re: [Orchid] The business aspect of jewelry making

[Amery]

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>     There is a saying, that if you go into business with a friend, you
>     will either lose the business, or lose the friend. Sometimes both.
>     INC. magazine had an article about partnerships that stressed THE
>     most important part of forming a partnership is to plan for the
>     dissolution of it. 

    I have a set of friends that started a business together,
    incorporated and everything, but they didn't plan an exit strategy.
    They invested $$$ in the start up and there were a lot of bad
    feelings by the end of the "break up". Who owes who $$$, product,
    business name, etc... It was a mess. These two good friends couldn't
    make a go at it together and now they will not speak to each other.
    They will not even attend the same party. It's very sad. I don't
    think it was worth the friendship. 

    Be very careful. I personally wouldn't go into business with a
    friend. My friends are too important to me. I would pay your friends
    for their time and efforts any way you can. Work out a trade, a
    payment plan, make them dinner once a week for the rest of their
    lives if that works. Figure out something that works for everyone. 

Good luck,
-Amery

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