Let business be business and relate with family and friends as you should not given any preferences because the soul aim of a business is to make profits.
I've seen people go into business but at the end of the day, they fold up. Some of them did everything right except mixing business with feelings.
Some women go into business of food stuff but they end up cooking both the capital and gain for their family.
My family friend started a small private school with his then girlfriend now ex wife. They started off well and the small school started growing but both the husband and wife didn't know how to separate business money from family money.
They have staff to pay salaries but the money is not there which is not as if the students are not paying.
The wife doesn't remit any payment made to her to the husband or the school account. She spend it on clothes, shoes and helping her family members at the detriment of the school. The husband was borrowing money to make the school standard and to pay teachers salary but money was not coming in or rather he doesn't know where the money was going to.
When they discovered that it was the wife that wasn't remitting funds, it got really messy. She was defending herself and the husband was really angry because the school was almost shutting down and they were in debt.
The wife feels the husband should pay her salary and the husband argued that they spend the money realized together. They went back and forth until professionals helped them to resolve it and the conclusion was that a bursar should be employed and the wife should be paid her salary as a staff.
Despite the fact that it was resolved, it was worse than starting over because they were greatly in debt. The school closed down and they had to sell their property to pay debt. This issue ended their marriage.
I vowed never to mix business with feelings since I got my fair share of the breakfast 😁
So, I just bought a washing machine. Two weeks later, my husband won a washing machine at the end of year party of his company. I felt bad because we just bought one. So, I decided to sell the one I bought because I needed the money. I told my friend about it and she was so happy, she needed it. We discussed the price and she agreed to pay.
I was relieved that I would get the money I needed but after a month, she didn't pay. I reached out to her but she explained the predicament she is in. So, I couldn't do anything but to wait. She started paying bit by bit that at the end of the day, I didn't know what I used the money for. I felt bad because the plans I had for the money could not be achieved. The saying no brother for business is no joke and should be taken seriously.
Draw the line where it's necessary and let your family or friends understand how much you love them but a business should be handled as one.
This is my response to Hive learners community weekly featured contents on the topic: Business and love
Thanks for stopping by, I really appreciate you.
Yours truly @aunty-tosin💕💕