Inb4 fucking idiot My friend asked me to start a business with

>>1617770
Industry?
Estimated start up costs?
What would be your role, involvement?
How many hours a week would it take?
Do you have any savings or would your friend pay you a salary so you could focus full time on this?

>>1617773

All good questions.
It would be a small start up PR that would get other small businesses Publicity. Around where we live there are a ton of small ma and pa businesses so that's our start up.
We are still working on the savings, we don't plan to launch until mid next year.

>>1617790
I feel like I see ads for or am getting pitch invites for 9 of these same companies every day.

That is important

>>1617790

As someone who has worked for these kinds of companies as a contractor and sub-contractor. Terrible idea.

Pitfalls I have encountered.

1) Getting money from the client is like drawing blood from a stone. If you're still convinced you want to do this, half upfront, every time. Hire a debt collector.

2) Scope creep clause. Always. Always. Always. Otherwise you will work on this until your dying breath.

3) Good luck getting more than $500.00 off them for probably hundreds of hours of work.

4) Do you even know how to do PR? Most of the people that are successful in this kind of industry are VERY good; their business has expanded to a large scale operation within a year, 18 months. They no longer do small business work.

This only happens to people who actually know their shit and can deliver.

>>1617770
fucking idiot

>>1617770
Never invest in anything you don't understand.

This leaves two options. Either back out right now, or ask your friend for time to do your own research so you can thoroughly evaluate the idea.