My worst business decision by far was to enter into a business partnership with a friend – never again will I trust a partner with my financial future. Naturally I had my concerns in the planning stages, I heard all the warnings and I viewed the behavioural changes first hand. My business partner was lazy, I already knew that so I should have been better prepared for the inevitable – not so.
Openness and trust cost me not only the direct funds I invested in the business, it almost cost me my retirement savings and my financial future. It also cost the non-financial aspects of extreme personal stress and definitely damaged my professional reputation. My credit rating was affected almost to the point of beyond repair so I have to respectively disagree with Felipe; never again will I trust a business partner with my financial future.
Observations in an undemocratic world 