No Besties Allowed in Business: 5 Reasons Why Best Friends Shouldn’t Get into Business Together

Best friends are those irreplaceable souls who laugh at your worst jokes and stand by you through thick and thin. You probably thought about starting a business together, cooked up a plan, and feel ready to start. However, it’s not all glitter and gold, and some lines might get blurred. While it might sound like a theoretically good idea, in reality, it’s a storm waiting to happen.

Here are 5 reasons why you shouldn’t get into business with your best friend.

Friendship vs. Professionalism:
When you’re in business with a bestie, keeping a professional attitude can become challenging. Friends often have a casual vibe, which might lead to setbacks in professionalism. Disagreements over business decisions could turn into personal problems, deteriorating the bond you once had.

Expectations and Boundaries:
In business, clear expectations and boundaries are set. However, friends might blur these lines, leading to confusion. What happens if one friend is not pulling their weight? The issue of performance can strain the friendship if not handled delicately.

Financial Awkwardness:
Money is a common source of stress in business relationships. When best friends are involved, financial disagreements can become particularly awkward. One might feel reluctant to confront the other about financial matters, risking resentment and unresolved issues.

Decision-Making Dilemmas:
Best friends might struggle with making tough decisions objectively. Personal loyalties could overshadow what’s best for the business, leading to poor decision-making and potential failure.

Risk of Friendship Fallout:
If the business fails or faces challenges, this can directly impact your friendship. The emotional pressure of business setbacks can turn into a friendship fallout, sometimes irreparably damaging the relationship.

So, if you’re confident that the business would be a hit if you worked with your best friend, try to take into consideration that some mishaps will happen. Remember that nothing is worth losing the person you cherished for so long.