Friends Don't Let Friends Run Their Business

While hiring your best friend to take over some of the responsibility of running a small business may seem like a great option, it may not always be the best idea. One small business owner decided to take an early retirement and allow his good friend and general manager to take over the business. Everything seemed fine on the outside until the owner checked the books and discovered the company in debt up to $6 million.

Retirement ended early and the company is now undergoing major damage control. Lesson to be learned: don’t hire your friend unless they know what they are doing and would be a good job candidate friendship notwithstanding.