The familiar edict “friends and money don’t mix” exists for a reason. How many of us have heard stories of friendships gone sour after going into business together? These five steps could help you keep your friendship intact:
Never do a 50/50 partnership, at least not at first.
Set a clear distinction between business and personal matters.
“Success is not measured by what you accomplish, but by the opposition you have encountered, and the courage with which you have maintained the struggle against overwhelming odds.”—Orison Swett Marden (via jessicadfain)
It’s hard to make a buck, and even harder to make $100 million of them: “72% of all startups stall before they get to $100 million; only 3 percent ever see $1 billion.” So what’s the secret for those that do make it?
Some of Twitter’s more confusing Internet jargon—hashtags, @ replies, and manual retweets—no doubt add to the initial confusion. But in the future, the service may do away some of its more perplexing and insular language.