ITMPI FLAT 001
Main Menu
Home / Career / The Biggest Mistake Friends Make When They Go into Business Together

The Biggest Mistake Friends Make When They Go into Business Together

In an article for CBS MoneyWatch, Jason Mitchell relates the story of the business he started in college with his friend Eric Dieter. The problem they quickly ran into as the company grew was that neither was sure what his responsibilities were. Frustrations grew, and when Mitchell started bringing in most of the clients, he questioned why they still split profits 50-50. What ultimately happened was that Mitchell and Dieter sat down for an honest conversation, where they made a list of tasks the company did and a list of their own personal strengths and weaknesses in business. It turned out Mitchell and Dieter actually had rather complementary skills, and while Mitchell became in charge of finding new business, Dieter happily took on all the financial responsibilities. This is a story where communication and logic prevail, which is the best kind of story. You can read the full story here: http://www.cbsnews.com/news/the-biggest-mistake-friends-make-when-they-go-into-business-together/

About John Friscia

John Friscia is the Editor of Computer Aid's Accelerating IT Success. He began working for Computer Aid, Inc. in 2013 and continues to provide graphic design support for AITS. He graduated summa cum laude from Shippensburg University with a B.A. in English.

Check Also

The Rise of Botnets in the Age of IoT

One of the greatest dangers to future (and current) cyber security is botnets. This short …

Leave a Reply

Your email address will not be published. Required fields are marked *

Sorry, but this content
is for our subscribers only!

But subscribing to ACCELERATING IT SUCCESS is FREE and only one click away!
Join more than 40,000 IT Professionals and get the best IT management articles to your mailbox with Accelerating IT Success!

Unsubscribe at any time