The Dangers of Starting a Business With Your Best Friend

  • 📰 TheCut
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The Fishwife, Call Her Daddy, and Great Jones splits all warn against mixing business with friendship.

with Lisa Says Gah, and a projected $5.8 million in annual sales. So it was no surprise when Millstein, Fishwife’s CEO, appeared on ABC’sin a TikTok posted shortly after the episode’s premiere. Lewis did some minor sleuthing and discovered that Goldfarb had unfollowed Millstein on Instagram. More significantly, Fishwife, under its legal name Shrimp Girls Inc., hadGoldfarb in 2023 for breach of contract, trademark infringement, and more.

Agatha Kluk, a partner at Perkins Coie LLP who helps emerging businesses structure and scale, echoes, “My personal view is that more likely than not, close friends should not be in founding relationships.” Friends, averse to awkward conversations and convinced of their relationship’s infallibility, may skimp on defining responsibilities and procedures necessary to prevent protracted conflict.

Disagreements are further complicated when the central friendship factors into the brand marketing of the company. That was the case with Great Jones, which sold not only vibrant, enamel-coated cookware but a cozy lifestyle built upon quality time with loved ones. The company’seditor) and Maddy Moelis, touted a 20-year friendship forged at sleepaway camp. They paid tribute to their personal history by offering their flagship Dutch ovens in the same vivid green as the camp’s color.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 720. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Qualcomm, Sony losing important iPhone business starting next yearAlan, an ardent smartphone enthusiast and a veteran writer at PhoneArena since 2009, has witnessed and chronicled the transformative years of mobile technology. Owning iconic phones from the original iPhone to the iPhone 15 Pro Max, he has seen smartphones evolve into a global phenomenon.
Source: PhoneArena - 🏆 322. / 59 Read more »

Business development program is free for diverse business ownersIf you're a diverse business owner looking to enhance your skills, this program might just be the perfect fit for you. Here's what you need to know about the free, seven-week Diverse-Owned Business Accelerator program.
Source: KSLcom - 🏆 549. / 51 Read more »

Scottie Scheffler claims Comcast Business Tour's $8M 'business' bonusScottie Scheffler earned an $8 million bonus by finishing No. 1 on the Comcast Business Tour Top 10 for the 2024 PGA Tour's FedEx Cup regular season.
Source: espn - 🏆 731. / 51 Read more »