Few months ago, I got a job in a quite small software company. Recently my CEO offered me the opportunity to open a branch of our company in another country and to have me as the CEO of this new branch. The new branch will be opened in the country I was studying in while I'm working in another country and the new branch will be responsible for marketing our existing products while developing new technologies.
My CEO suggested to have some local people in the new company which I may know of, and there are some friends which we have studied together. And our friendships had its own rises and falls. I can trust them as a friend.
I haven't had the experience of opening a new company, and I can say I'm a bit nervous/confused/lost.
I trust my CEO since he will finance the new company, and people would not blow their money off on things they are not sure about, but to have any of my friends on board... I am not sure how to evaluate people as partners in business.
My questions are:
- What characteristic should a friend have to be considered a good partner?
- Is it a good idea to bring a friend on board for just knowing the market and having connections?
- Do you need to be a close friend with your partners?