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josh9mille
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04.29.2010, 05:42 PM

The fastest way to lose friends is by going into business with them. I learned that the hard way. A friend and I set up a auto repair business (on the side) and after just 4 months we were at eachothers throats and we didnt talk for almost a year. We are friends now but we both decided its just not a good idea to do business with friends.


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JThiessen
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04.29.2010, 06:54 PM

I think its for the best that you aren't starting it right now. Get a part time job at one of the local coffee shops and learn the biz first. IMHO, your orignal plan was doomed to failure just based on lack of experience in ALL facets of it (you have never brewed a cup of coffee, you have never run a "real" business, You have never gone to college, you have never.... this could be a long list..). I dont mean any of that to be negative in any way. Check some of those "experiences" off first so you know what your strengths and weakness's are. You have a good attitude towards it, just add some humility (ie., there are things you need to learn) and you will be good to go. Learning the hard way is a great teaching tool, but I'd hate to see you guys loose that much money on this at such a young age.


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t-maxxracer32
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04.29.2010, 06:58 PM

Quote:
Originally Posted by josh9mille View Post
The fastest way to lose friends is by going into business with them. I learned that the hard way. A friend and I set up a auto repair business (on the side) and after just 4 months we were at eachothers throats and we didnt talk for almost a year. We are friends now but we both decided its just not a good idea to do business with friends.
good to hear.. my dad told me the same thing, but figured he was just saying it to talk me out of it..

turns out he was right

okay so I dont want to make it sound like I am a quitter, but from the looks of it most of you guys do not think it is very wise for us to start up a company like this in these times..

Heres a big question though... what else can we do then to form our own business?

we both have skills that are on the opposite spektrum and together should be pretty solid.. Im great with electronics, and he understands the mechanical side of things.. He has been working for his uncle in the water purifying business for quite some time and so me and him were thinking of extending the business from yuma to tempe, but his uncle is not too excited about that idea. We would have to form our own name, get certified, get a business licence etc..

both of us would prefer to run our own company or some type of business that brings in revenue (washing cars, mowing lawns, installing water systems, etc)

we've brainstormed a number of ideas and quite frankly we are getting stuck.. neither of us are looking to make a tremendous amount of money, but Id like to be able to have this work revolve around my school schedule..

any ideas?
   
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