What Are the Primary Considerations to Take into Account Before

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The Answer is Following are the primary considerations to take into account before asking a family member or close friend to be a partner:Friends or family members should possess real skills and expertise that the business needs to be successful.
They should have the same work ethic as the entrepreneur.
When there are disagreements, consider using a trusted third party to referee.
If there are family members on the startup team, there should be outsiders on the advisory board and/or board of directors so that the company will have the benefit of objective input to the business.
The relationship with family and friends should be treated as a business relationship. The relationships and duties of all should be clearly spelled out in writing, and everyone should understand how disagreements will be settled. As much as possible, the activities of the business should not be brought home at night.

What Are the Primary Considerations to Take into Account Before

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What Are the Primary Considerations to Take into Account Before

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