When a business partnership goes bad, the results can easily rival even the messiest romantic breakup. Founders’ breakups are an all-too-common problem in the startup world, and most entrepreneurs have a story or two about the business meltdowns and broken friendships that happen when the people who started a company together no longer see eye to eye. I even have a pretty good one of my own.
But just because it’s a common story doesn’t mean that painful founders’ breakups are inevitable. Handled correctly, it’s possible to avoid many of the simple blunders that create high tension between founders. Let’s take a look at a few tips for avoiding the business-breakup drama. Continue reading
There’s a lot of wisdom that can come from a really bad breakup. Given a little time and some self-reflection, you can gain some pretty big insights into what not to do next time. While I’ve had my share of bad romantic breakups, the worst — and ultimately most insightful — breakup I ever had was as the co-founder of a startup.
Anyone thinking of starting a business with friends should hear this cautionary tale. Continue reading
Podcast: Play in new window | Download
Breaking up is never easy. When the breakup is between business founders, rather than romantic partners, things can become especially painful. When those founders are friends working on a handshake agreement, the failure can be catastrophic.
In today’s episode, host and business coach Tom Ryan shares the story his very first startup, which he co-founded with a friend. Learn how a few bad calls at the start resulted in a failed business and a friendship that nearly didn’t recover. Continue reading