CareerPersonal Growth

Don’t Start a Company with Your Friends

As Adam Grant explains, a Harvard Business School professor studied nearly 10,000 founders of technology and life science startups, and founder turnover rate was 28.6 percent whenever friendship was present in the founding team. But there is statistically a way to be friendly and still get ahead together—past coworkers tend to experience faster growth rates in their ventures. Actively working together before starting a business lets you know in no uncertain terms how you get along outside of a social context. Ultimately, having complementary skill sets is great, but just knowing each other as people and being able to work symbiotically is important too. You can learn more at the full Huffington Post article: http://www.huffingtonpost.com/adam-grant/dont-start-a-company-with_b_5996376.html

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