Collaboration with Steve
Friends and Business
One of them might have the experience needed, while the other has the finances to get the business going. They talk over all the business details together and plan everything together. There is no disagreement between them at all in any of this part of the process. They do all the research together and everything is running along smoothly.
They talk over all the details of the business including the fact that the one with the experience will do the work while the other one will put in all the money. They will split the profits after they take care of all the expenses. They will work together on all the decision making for the new business and they will decide on the name. So far everything is going great. Because they are best friends, they don’t need to put anything in writing because they know they will abide by the initial ideas and’s plans they have just completed.