131 - FinTech Cofounders: When Friendship Becomes A Problem

Starting a business with a friend sounds like a good idea in theory, but in reality, it's often a different (much more challenging) story. Tune in today to hear about the common issues people face when they choose to go into business with their friends. If you found value in this episode, I would really appreciate if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast and help their companies! If you are on Apple, just click here to review, select "Ratings and Reviews" and "Write a Review" and tell me what your favorite part of the podcast is.    Today's episode: [00:39] An overview of today's topic: the co-founders' dilemma.  [00:53] Why joining forces with friends to start a company isn't always a good idea. [03:10] An example of when combining friendship and business has worked well.  [04:14] How situations often play out when one co-founder isn't fully competent.  [06:27] How friends who are co-founders affect workplace dynamics.  [08:06] The problem of not signing a shareholder agreement (a common mistake made by friends who become co-founders).  [09:50] The key takeaway from this episode! [10:31] Advice for people who work for co-founders who are also friends.  [11:18] An overview of the FinTech Compliance Collective program.    Show links: Take part in our workshops and coaching sessions to level up your FinTech compliance expertise: https://yana-afanasieva.mykajabi.com/offers/gs4Mzgdy/checkout  Interested in FinTech compliance? - consider investing in the FinTech Compliance Self-Starter Package! I would love to invite you to sign up for my newsletter. If you are interested, please click here.  

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