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> with two very non-technical [!] family members [!] (blue-collar "businessy guys") There are two big warning sign that things will go wrong in the first parag
by nnq 13y ago
> with two very non-technical [!] family members [!] (blue-collar "businessy guys")
There are two big warning sign that things will go wrong in the first paragraph: if you end up doing business with family members, only do so if: (1) you really value their technical skills or (2) if they have real objectively proven business skills and proven ability to raise money or finance from their pockets or (3) if you've done business with them before and it worked out well for you.
...if neither (1), (2) or (3) is the case, stay tf away from any business with family members because, when shit hits the fan (and in the OP's case it has!), you will not be able to do what you have to do in order to save either the business or your professional life. But again, even if one of the three points is valid for you, don't start an IT businesses with family members - a corner-shop restaurant, a local racketeering mob... maybe... but not in this field unless they also have good technical skill (you already have enough tension between technical and non-technical cofounders in a regular startup, you don't want to put a potential propane tank on the campfire too).