What Should An Entrepreneur Avoid?

What Should An Entrepreneur Avoid?

you learned this lesson the hard way...

A man and his  best friends were laughing and enjoying talking. Somehow, it was a positive influence, and things started to look bright...

"I have an idea: Let's start a project!"

And so, the friendship began to take a different path. They were both excited, trusted each other, and had a very clear vision of where they wanted to go, so they started working on the project.

Soon, some minor misunderstandings began to arise, but they ignored them because they were "best friends."

We immersed ourselves in the business after we had both invested financially, while simultaneously investing more time and effort into the project.

They didn't have a formal agreement, and soon it was too late even to talk about it...

Problems and misunderstandings began to accumulate quickly, and eventually, the conversation ended. Then the fun ended. This negative energy entered the business, leading to its failure.

The friendship ended.

To answer your question: What should an entrepreneur avoid?

Don't venture into a business venture just for friendship! It's very easy to get involved for the wrong reasons.

John D. Rockefeller had a great quote:

"A friendship based on business is better than a business based on friendship."

Negotiating business and friendship is very complex it requires mature people to make it work.