6 things I wish I knew before going into business with my best friend

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The biggest fear of going into business with a friend is ruining your friendship.

, and about three months into our fledgling enterprise, I’ve learned a few things. To put these learnings in perspective I reached out to Shannah Compton Game, certified financial planner and host of"Millennial Money Podcast," and Christy Pennison, a licensed professional counselor and owner of Be Inspired Counseling & Consulting.Michael and I are a bit of an odd case because we already talked about money in a culture where friends often avoid the topic.

In other words, there are zero secrets. Does it feel weird to see my friend’s credit report and let him see just how little my freelance writing earns? Yes, kind of. I literally have my house on the line as collateral for a loan, and that’s not a decision I take lightly. “There's a trust walk that you take with any partner,” Game said, “but particularly when it comes to friends because you have that established relationship.”

I have to admit that we don't get A+ here because beyond our friendship-first pact, we haven’t specified what other expectations look like. But we can give ourselves some grace, Pennison says, because there is a lot of figuring out that happens along the way.

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