Would you have your relative as a business partner?

nomad

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Jun 22, 2022

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• May 27, 2024

• #1

If you want to go into a partnership business, would you accept your relative as a business partner or would you avoid your relative? Well, I have no problem in working with relatives but I would write a contract first.

 

F

Fidelia

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Oct 28, 2023

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• May 27, 2024

• #2

I have relatives that are not wasters and are also very critical thinkers, I would gladly partner with those ones in business without any challenge.

 

eldavis

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Sep 4, 2022

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• May 27, 2024

• #3

Though I don't plan on going into any partnership business at the moment, but in a situation like this, it doesn't really matter if they are my relatives or not. The most important thing is that I can work with them. They have the skills and knowledge needed for the business, and I trust them.

 

fcbetting

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Jun 16, 2022

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• May 27, 2024

• #4

I am not so sure. All my relatives are from different niche and they think on Internet you can be tommorow millioner. Maybe I could take some loan from them but probably not even that.

 

Shavkat

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• May 28, 2024

• #5

When we had our family business, my biological parents asked one of my uncles to work as a manager. But then, he failed to do his job and it was a big lesson not to trust relatives in running the family business.