“A friendship founded on business is better than a business founded on friendship”

Simplified Meaning:

When you base a friendship on business, it is likely to be more successful than starting a business based only on being friends. This is because business relationships need trust, clear agreements, and mutual benefits, which can create strong bonds. For instance, two people who start a friendship while working together already know how to communicate, solve problems, and support each other professionally. This forms a solid foundation for their friendship. On the other hand, if two friends decide to start a business just because they get along, they might find it difficult to separate business issues from personal feelings. Disagreements about money, responsibilities, or goals can harm both their business and their friendship. Imagine two friends who enjoy spending time together but have never worked together. When they start a business, they might struggle with who is in charge and how to handle disagreements. Ultimately, it's easier to build a friendship on top of a strong business relationship than to create a successful business where friendship is the only shared connection. So, if you are thinking of working with a friend, it is wise to first consider if you can handle the practical and serious side of business together.