Monday, October 6, 2025
  • About
  • Write for us
  • Contact
Today News
  • Business
  • Tech
    How to Choose the Right Analytics Tools to Improve Your Payment Workflow

    How to Choose the Right Analytics Tools to Improve Your Payment Workflow

    Navigating the Magic of UI Animations: Unveiling the User Experience

    Navigating the Magic of UI Animations: Unveiling the User Experience

    Application Services

    Belitsoft Lists Top 5 Trends Shaping Managed Application Services in 2025

    How Technology Ensure Safe and Secure Online Gaming with Eat and Run Verification

    Smart Building Technology Integration: Future-Proofing Hospitality Through Intelligent Systems

    Laptop

    Laptop Running Slow? A Technician’s Guide to Performance Restoration

    Woman in a red dress wears a VR headset, standing in front of a vibrant digital backdrop with blue and pink glowing lines, creating a futuristic feel.

    The Future of Online Entertainment: What’s Next for a Digital Generation

    How businesses can balance AI innovation with online security

    How businesses can balance AI innovation with online security

    Modern office with two people working at desks, each focusing on computer screens displaying code. The room is dimly lit, creating a focused atmosphere.

    Top 10 Bespoke Software Development Companies in 2025

    Before the Alarm Sounds: The Life-Saving Power of Fire Preparedness

    Before the Alarm Sounds: The Life-Saving Power of Fire Preparedness

  • Consumer
    Understanding the Baby Monitor Market: What’s Driving Growth and Innovation

    Understanding the Baby Monitor Market: What’s Driving Growth and Innovation

    Craving Connection: Why Food Gifting Is the New Love Language

    Craving Connection: Why Food Gifting Is the New Love Language

    How to Celebrate Milestones from Afar: The Rise of Digital Gifting in the UK

    How to Celebrate Milestones from Afar: The Rise of Digital Gifting in the UK

    How to adjust glasses at home – a step-by-step guide!

    How to adjust glasses at home – a step-by-step guide!

    Why quality toilet cubicle hardware matters

    Why quality toilet cubicle hardware matters

    Common Mistakes in KYC Identity Verification

    Common Mistakes in KYC Identity Verification

    Consumer habits

    British Furniture Market Sees Significant Changes in Consumer Preferences

    Why are high-street bookmakers declining in the UK?

    Why are high-street bookmakers declining in the UK?

    Straps for smartwatches: The Complete guide

    Straps for smartwatches: The Complete guide

  • Finance
    How workplace pensions have changed in the UK

    How workplace pensions have changed in the UK

    Computer monitor, calculator, keyboard, mouse, smartphone, and wireless earbuds on a pink surface, creating a modern and tech-focused scene.

    Surprising Tools That Can Help You Manage Your Money

    Close-up of a smartphone screen showing stock data with a dark background. Companies listed include Boeing and Disney. Graph lines suggest market trends.

    Best Online Forex Brokers for High Leverage and Risk Management

    Person holding a smartphone displaying a stock market graph, with a laptop showing financial data in the background. The mood is analytical and focused.

    Top 5 Mutual Funds in the UAE (2025)

    Glass vase containing a money plant, symbolizing savings and financial growth.

    Building Generational Wealth: How Professionals Can Plan Beyond Their Lifetime

    Close-up of the word gambling

    UK gambling tax debate: simplification or squeeze?

    Net Worth of Pastor Chris Oyakhilome: 15 Key Contributors

    Net Worth of Pastor Chris Oyakhilome: 15 Key Contributors

    Visual guide on starting a business plan, highlighting key accounting and finance elements for new entrepreneurs.

    Finance vs accounting: Key differences and career paths

    The Role of Blockchain in Sports Beyond Cryptocurrency

    The Role of Blockchain in Sports Beyond Cryptocurrency

  • Environment
    Aerial view of London shows Thames River, bridge, and cityscape with modern and historic buildings

    Why Air Pollution Control Systems are Important

    Five Ocean Discoveries That Could Change How We See the World

    Five Ocean Discoveries That Could Change How We See the World

    Choosing the Right Sustainability Partner: How Eco-Efficient Tech Transforms Industry

    Choosing the Right Sustainability Partner: How Eco-Efficient Tech Transforms Industry

    Moving Abroad? Here’s What to Expect – and Why Cardboard and Plastic Waste Removal Is Essential After Unpacking

    Moving Abroad? Here’s What to Expect – and Why Cardboard and Plastic Waste Removal Is Essential After Unpacking

    How Weather Events Like Heavy Rain or Heatwaves Affect Pest Activity

    How Weather Events Like Heavy Rain or Heatwaves Affect Pest Activity

    Building a Carbon-Competitive Advantage with Sustainability and Decarbonization Consulting

    Building a Carbon-Competitive Advantage with Sustainability and Decarbonization Consulting

    The Lost Art of Orienteering: Why Map and Compass Skills Still Matter

    The Lost Art of Orienteering: Why Map and Compass Skills Still Matter

    Sustainability in Dining: Reducing Waste for a More Profitable Future

    Sustainability in Dining: Reducing Waste for a More Profitable Future

    Environmental Benefits

    What Are The Environmental Benefits Of Choosing Eco-friendly Rubbish Removal In Croydon?

  • Property
    Safe asbestos management for homeowners

    Safe asbestos management for homeowners

    Angular, metal sheet wall with diamond patterns behind a dark railing, conveying an industrial feel. The texture is reflective and geometric.

    7 Design Concepts That Use Decorative Metal Sheets

    Worker repairs a red-tiled roof, balancing on scaffolding. They wear protective gear under a clear blue sky, conveying focus and diligence.

    The Complete Guide to Roof Repairs: What Every UK Property Owner Needs to Know in 2025

    A Comprehensive Guide on an Inline Extractor Fan

    A Comprehensive Guide on an Inline Extractor Fan

    Red door labeled "Fire Exit Keep Clear," indicating it should remain unobstructed for safety.

    Fire door compliance: Essential considerations for contractors and housebuilders

    Furnished Apartments

    London Serviced Apartments: A Growing Trend Among Modern Travellers

    Close-up of Bungalow Houses

    The Key Reasons Park Bungalows Are A Smart Investment

    Discovering the Charlie Oven The Rural Ranges Ltd Approach

    Discovering the Charlie Oven The Rural Ranges Ltd Approach

    Sleek and Sturdy Bathroom Glass Shelves for Modern Homes

    Sleek and Sturdy Bathroom Glass Shelves for Modern Homes

  • eCommerce
    Ecommerce Platform

    What Makes a Global Ecommerce Platform User-Friendly

    From 1688 to shopee: the singaporean seller’s guide to paying china suppliers

    From 1688 to shopee: the singaporean seller’s guide to paying china suppliers

    The Importance of Digital Valuations for UK Ecommerce Brands

    The Importance of Digital Valuations for UK Ecommerce Brands

    Blink-and-Buy: Designing Checkouts That Convert in Under 10 Seconds

    Blink-and-Buy: Designing Checkouts That Convert in Under 10 Seconds

    High Stakes Strategies: Lessons E-commerce Entrepreneurs Can Learn from Casinos

    High Stakes Strategies: Lessons E-commerce Entrepreneurs Can Learn from Casinos

    Amazon Expert

    Amazon Expert: Key Qualifications to Look For

    Boosting Ecommerce Revenue with Smart Targeting Strategies

    Boosting Ecommerce Revenue with Smart Targeting Strategies

    Personalized Shopping: How Technology is Transforming Retail

    Personalized Shopping: How Technology is Transforming Retail

    How Can Ecommerce Businesses Learn From Entertainment Platforms?

    How Can Ecommerce Businesses Learn From Entertainment Platforms?

No Result
View All Result
Today News
Home Business

Starting a Business with a Friend, the Worry-Free Way

David Prior by David Prior
January 27, 2022
Reading Time: 3 mins read
Starting a Business with a Friend, the Worry-Free Way
41
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

Entrepreneurship is a growing aspiration for many in the UK, with almost two-thirds of Brits harbouring a desire to set up their own business.

Starting an enterprise is a stressful and daunting process, which is why many people go into business with a close or trusted friend – after all, a problem shared is a problem halved.

Related posts

MISA License

MISA License in Saudi Arabia: A Complete Guide for Foreign Investors

October 2, 2025
407
Charter Schools

Navigating Charter Schools: Ensuring Growth for Curious Young Minds

October 2, 2025
560

However, there are pitfalls to starting a business with a friend – and this step-by-step guide will help you avoid them.

Ensure Compatibility

Before your business plans take off in any meaningful way, your first priority should be to ensure that you and your future business partner will be a good fit for working together.

The depth and length of your friendship may go some way to predicting your professional compatibility, but even the firmest of friends can be terrible business partners, for a variety of reasons. 

Banner specialists instantprint released a recent report on desirable and undesirable traits in the workplace, providing a useful rubric for understanding the qualities which will serve your partnership best in a professional capacity; patience ranks highest, with 46% of UK workers surveyed agreeing it is the most desirable workplace personality trait, while organisation skills and enthusiasm were sought-after by one third of respondents.

The survey also pinpointed negative traits universally disliked in the workplace, appearance of which in your partnership could spell an early end to your business. Such traits include domineering attitudes and inflexibility, which could be detected early enough in the planning process to prevent personal or professional ramifications.

Plan, Comprehensively

As with any robust business idea, the planning stage is crucial to the success of your partnership.

It is vital that you and your friend align your aspirations and expectations for the role, ensuring you are working towards the same core goals. Poor understanding of your shared trajectory can lead to division, and wasted energy pulling the business in opposite directions.

With a clear roadmap for your business enshrined in writing, you can make clear plans with regard to financial backing as well as specific milestones – and open yourself up to the division of labour.

Allocate Roles Early On

Part of your planning phase should include an understanding of your individual strengths and weaknesses, as well as the objectives for the roll-out of your product or service.

One of you might be a better public speaker, with a creative edge and a flair for adaptation; this would make you better-suited to meeting investors and plotting the front-end release of your business.

The other of you might be sharper and more organised, gearing you up for executive control of the company’s progression and development. Understanding the possibilities at the outset of starting your partnership means you can leverage your abilities to their fullest, and efficiently divide labour for the best possible chance at success.

Communicate Well

In the aforementioned instantprint study, communication ranked amongst the highest-regarded workplace traits, and for good reason.

Communication is key to the success of any business, and this is doubly true for partnerships started by friends.

Your business is not an event; it is an ongoing process, with constant decision-making at the core of growth. You may not both be present for each and every decision, and trust is key in making the right decisions for the benefit of the whole, but keeping each other abreast of individual progress will ensure healthy growth overall.

David Prior

David Prior is the editor of Today News, responsible for the overall editorial strategy. He is an NCTJ-qualified journalist with over 20 years’ experience, and is also editor of the award-winning hyperlocal news title Altrincham Today. His LinkedIn profile is here.

Previous Post

Older Apple phones are no longer secure – what you need to do about it

Next Post

Reducing Absenteeism In The Workplace: A Guide For Small Businesses

Related Posts

MISA License
Business

MISA License in Saudi Arabia: A Complete Guide for Foreign Investors

October 2, 2025
407
Charter Schools
Business

Navigating Charter Schools: Ensuring Growth for Curious Young Minds

October 2, 2025
560
Cyprus
Business

UK Families Look to Cyprus in 2025 as Demand for International Moves Rises

October 2, 2025
409
Baby’s Clothes
Business

The Dirty Secret Hiding in Your Baby’s Clothes (and How to Fix It) 

October 2, 2025
560
Coffee
Business

Balancing Stimulation and Calm: Coffee Meets Mushrooms in Your Daily Routine

October 2, 2025
467
SEO Agencies in the UK
Business

Why the Best SEO Agencies in the UK Are Abandoning Traditional Strategies for AI-Powered Growth Hacking

October 2, 2025
559
Next Post
Reducing Absenteeism In The Workplace: A Guide For Small Businesses

Reducing Absenteeism In The Workplace: A Guide For Small Businesses

RECOMMENDED NEWS

Bitcoin Gold Coin and Electrical Wires

The Benefits of Using a Hardware Wallet for Your Crypto

1 year ago
526
What’s the Difference Between a Crypto Broker and an Exchange?

What’s the Difference Between a Crypto Broker and an Exchange?

3 years ago
552
Halloween Costumes

Top 10 Couples Halloween Costumes & Ideas for 2024

1 year ago
422
Shopify Agency

Looking for a Shopify Agency in Dubai? Here’s Why Businesses Choose Novelty Ads

2 months ago
36

BROWSE BY CATEGORIES

  • Business
  • Careers
  • Charity
  • Consumer
  • Culture
  • eCommerce
  • Education
  • Energy
  • Engineering
  • Entertainment
  • Entrepreneurs
  • Environment
  • Fashion
  • Finance
  • Food & Drink
  • Gaming
  • Gardening
  • Health
  • Insurance
  • Interiors
  • Legal
  • Leisure
  • Lifestyle
  • Manufacturing
  • Marketing
  • National
  • News
  • Opinion
  • Pets
  • Politics
  • Property
  • Sales
  • Sport
  • Sports
  • Tech
  • Transport
  • Travel
  • Uncategorized

BROWSE BY TOPICS

AI banking Beauty BMW Spoilers business Christmas construction cyber security data Die Cut Sticker digital Digital Marketing Services Disability Claim ecommerce finance fitness Forex health Hydrogen Water inflation Instagram Story insurance kitchen KYND lifestyle manchester music News overseas Patch Management Personal Injury Pharmaceutical Industry Prom property Real Estate recruitment Skincare Solicitor sports technology tourism travel UK vehicles yorkshire

Latest news

Person in a pink blouse holds a pink ribbon, a symbol of breast cancer awareness

Breast Cancer Awareness Month in the UK: Shining a Light on Care, Recovery, and Your Right to Compensation

October 3, 2025
Two people sit on separate benches under leafy trees, facing a calm lake and Toronto Canada's skyline with the CN Tower

What Makes Canada Holidays Different From USA Holidays

October 3, 2025
Explore Manchester: Landmarks, Culture & Fun

The Must Visit Places in Manchester

October 2, 2025
Aerial view of London shows Thames River, bridge, and cityscape with modern and historic buildings

Why Air Pollution Control Systems are Important

October 2, 2025
Vibrant flower garden with red and pink blooms, purple accents, and a central fountain in Hertfordshire, England

Why More and More People are Moving from London to Hertfordshire

October 2, 2025
Row of parked cars, predominantly blue and red, are closely aligned in a dealership lot. Sleek designs and glossy finishes convey a modern, polished look.

Why You Should Consider a Used Car Over a New Car

October 2, 2025
The Biggest Premier League Games in October 2025

The Biggest Premier League Games in October 2025

October 2, 2025
MISA License

MISA License in Saudi Arabia: A Complete Guide for Foreign Investors

October 2, 2025
Charter Schools

Navigating Charter Schools: Ensuring Growth for Curious Young Minds

October 2, 2025
Cyprus

UK Families Look to Cyprus in 2025 as Demand for International Moves Rises

October 2, 2025

Today News

  • About
  • Write for us
  • Contact
  • Privacy Policy

@2024 Rooftree Publishing Ltd

Today News in association with Kajino.com

Sign up for our newsletter




  • Business
  • Tech
  • Consumer
  • Finance
  • Environment
  • Property
  • eCommerce

Recent News

Person in a pink blouse holds a pink ribbon, a symbol of breast cancer awareness

Breast Cancer Awareness Month in the UK: Shining a Light on Care, Recovery, and Your Right to Compensation

October 3, 2025
Two people sit on separate benches under leafy trees, facing a calm lake and Toronto Canada's skyline with the CN Tower

What Makes Canada Holidays Different From USA Holidays

October 3, 2025
No Result
View All Result
  • Home
  • Business
  • Tech
  • Consumer
  • Finance
  • Environment
  • Property
  • eCommerce
  • Write for us
  • About
  • Contact