Vigilante
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My all time favorite "don't work with friends" was a good friend we hired as an employee to work for one of our businesses.
I was overpaying her significantly against the market, believing the more I paid the better the outcome might be.
Fast forward six months. She had commented several times that she loved the job so much she would do it for FREE.
Can you see where this is headed?
Due in part to financial underperformance of the business, and in part to her own average performance but above average wage, I told her I was going to need to adjust her salary to accomodate both the conditions of the business and her own investment of time into it. Her adjusted salary, per hour, would still be 25% higher than industry average for her position.
She turned in her notice a few days later. She said she was going to be a stay at home Mom.
Two weeks later, she ended up working a block away for someone else, full time, for reportedly LESS MONEY than I offered her for her "dream job."
And that, folks, is how you end a friendship.
Don't mix business with pleasure. I have a half dozen more personal stories like this.
I was overpaying her significantly against the market, believing the more I paid the better the outcome might be.
Fast forward six months. She had commented several times that she loved the job so much she would do it for FREE.
Can you see where this is headed?
Due in part to financial underperformance of the business, and in part to her own average performance but above average wage, I told her I was going to need to adjust her salary to accomodate both the conditions of the business and her own investment of time into it. Her adjusted salary, per hour, would still be 25% higher than industry average for her position.
She turned in her notice a few days later. She said she was going to be a stay at home Mom.
Two weeks later, she ended up working a block away for someone else, full time, for reportedly LESS MONEY than I offered her for her "dream job."
And that, folks, is how you end a friendship.
Don't mix business with pleasure. I have a half dozen more personal stories like this.