MADE Maven Special Women's Issue April 2018 - Page 36

MADEINC DO'S & DON'TS OF collaborating WITH A FRIEND MADE BY KRIS CHRISTIAN So you’re talking with a friend over cocktails and you guys come up with the next million dollar idea! You both believe that if you join forces, you can take over the world. Before jumping in head first, here are a few tips on collaborating with a friend or loved one. do’s: DO share your short term and future goal s and DO be strategic about the roles you take on. communicate often. Begin with the end in mind. Getting on the same page about the short and long-term goals of the company in the beginning can save hard conversations in the future about the direction of the company. Although your goals may change and evolve, understanding where you both stand brings Each party should bring something unique to the table that is complementary to the business. Be sure to clearly identify your potential roles and responsibilities before agreeing to be partners. | 36