“Pyar dosti hai, agar wo meri sabse achi dost nahi ban sakti to main usse kabhi pyar kar hi nahi sakta” Shahrukh Khan in movie Kuch Kuch Hota Hai.
The dialogue says a lot about the formation of love beginning with a good friendship. Then why do we have so much reluctance to firm up a business relationship with friends, citing, “Let there not be any business between friends; it spoils the relationship.” My mother also constantly reminded me that “put money factor in any relationship, and it will become the sole cause of spoilers.”
Alongside my entrepreneurial journey, I have formed businesses with friends and experienced both good and bad tastes in them. But it has never happened that we have entered into any quarrel or litigation. When things didn’t work out, we reconciled the account and decided to part ways mutually. The friendship still exists.
I know many people who are successful in their life journey better with their friends than doing it alone. So many chartered accountancy firm partners have succeeded in doing business together. When asked about their relationship, my CA friend said, “Ishwar, we have always worked as a family. We never checked the bank withdrawals; we have brought life essentials together, we have gone for holidays together, and we handle everyday family/work responsibilities based on our strengths.”
It’s hard to handle personal, family and work priorities alone unless you find a pill that eliminates our need to sleep, relax, and rejoice in life.
In my view, the first step is to consider partnership only with friends who share matching values regarding money, social impact, lifestyle, and commitment.
Second, it is crucial to establish clarity on the rules, roles, and responsibilities from the beginning.
Third, you must be willing to ignore the tiny things that will come in the way of painting the picture you’ve decided to paint.
Fourth, having a good partner gives you an ally to easily discuss and decide on the frustrations, challenges, and obstacles that come your way.
Whenever you feel that you’re entering a challenging terrain with your friendship, watch the friendship of Jay and Veeru in Sholay and listen to the song “Yeh Dosti Hum Nahi Todenge. Todenge Dam Magar Tera Sath Na Chhodenge.”