Working with Family and Friends Requires Clarity and Professionalism
Over the years I have seen both, many inspiring stories of family and friends working together to build successful businesses, and many family and friend partnerships and relationships destroyed by disagreements over responsibilities and money.
If you’re thinking of partnering with family members or friends on your consulting startup or another venture, it’s critical that you:
- Clarify roles
- Document equity
- Conduct business affairs professionally
- Keep business life and home/personal life separate
Learn more in the video.
Feras has founded, grown, and sold businesses in Silicon Valley and abroad, scaling them from zero revenue to 7 and 8 figures. In 2019, he sold e-Nor, a digital marketing consulting company, to dentsu (a top-5 global media company). Feras has served as an advisor to 250+ other new startup businesses, and in his current venture, Start Up With Feras, he's on a mission to help entrepreneurs in the consulting and services space start and grow their businesses smarter and stronger.