Saturday Selects is a series of posts I write on the first Saturday of each month to discuss something outside the general bookish theme of the blog.
Today I’ll be discussing business relationships with friends, and I’ll be focusing on my own experience. No generalizations.
So I’ve got a “friend”. Let’s call him Richard. Dick for short. (See what I did there?) Anyway, earlier this year I entered into what I thought would be a mutually benefitting relationship with Dick.
You see, he claims to work for the US Chamber of Commerce. He claims to have a business-related Masters degree. And he claims to have started his own private investment firm. I never doubted any of this, but also never verified it before giving him my money. Stupid mistake on my part, I know.
And now I have reason to believe he never invested my money. That he just took it and planned to give me excuse after excuse as to why I couldn’t access what I was supposedly “earning” from my investment. He’s ignored my texts for months. And I’m no longer expecting to ever see my money again.
My only little tidbit of advice in situations such as mine is to make sure EVERYTHING is official. I didn’t, and now I’m dealing with the consequences. But I’m not going to sit here and assume that every business partnership between friends will fail, because I don’t believe that to be true. But I imagine it’d be easier to protect yourself if everything is official and something goes wrong.
Have you ever entered into a business relationship with a friend? I don’t know if I ever will again.