How to Start a Carwash: Friendship in business

How to Start a Carwash: Friendship in business

Three guidelines to follow when starting a business with friends.

A recent article featured on Forbes’ website titled, “3 Rules For Starting A Business With A Friend,” discusses the steps to take when planning to launch a new venture with friends.

In the article, contributor Sonya Stinson shares the story of two friends, Seth Sarelson and Jonathan Treiber, who met on move-in day as freshmen at Cornell University. After graduating in 2004, they both worked for the same company, which sparked a desire to venture off and start their own business.

“For Sarelson and Treiber, the years of friendship served as a vetting process for choosing each other as business partners,” writes Stinson. “Going into business with someone you know and trust offers many advantages.”

She continues, “Still, mixing business with friendship can have pitfalls. Just look at the pair of former friends who fell out after founding Snapchat and ended up as bitter foes in court. To avoid that fate and set yourself up for a successful partnership, it’s important to lay some ground rules at the start.”

Stinson offers three tips to help the new startup and the friendship stay strong when launching a business with friends:

  • Put a detailed partnership agreement in writing. No matter how close friends may be, getting a detailed partnership agreement in writing can help safeguard the new business and govern the working relationship, especially in the event of a conflict. This agreement can help to spell out what to do when facing a disagreement. Consider hiring a corporate attorney when developing the contract.
  • Choose roles wisely. Friends can all share the role of “co-founders,” however, the work responsibilities should be divided up amongst the partnership. In the article, Stinson provides insight into the working relationship among four friends who started a company together. “Before launching the company, each partner took the Myers-Briggs Type Indicator® test. The results gave them insight into their personalities and helped pinpoint the roles for which they were best suited,” explained Stinson in the article. “Several months into the business, they created a day-to-day decision matrix that outlines what kinds of choices they should make as a team and which ones individual members could handle.”
  • Do your fair share. Each partner in the business must commit to doing his or her fair share, especially during the long hours often spent launching the startup. When friendship is involved in a new business venture, sometimes emotions can get in the way. Don’t let resentment, a disagreement or any other negative emotion get in the way of what is best for the business. Each business partner must pull his or her weight in the business to help avoid any emotional conflict.

Read the entire article on building a business with friends here.

You May Also Like

El Car Wash opens 24th, 25th locations

MIAMI — El Car Wash continues its expansion with the opening of its 24th and 25th locations in South Florida.

MIAMI — These new stores are located in Miramar and Palm Beach Gardens and represent the first express carwash locations to be built in these cities in over 10 years, according to a press release.

The company currently operates 25 carwash locations with over 25 additional sites in development across Florida and plans to significantly expand its footprint through greenfield openings and future acquisitions.

B+E helps buyer quickly close on $22M worth of carwash assets

NEW YORK — B+E helped to find and secure four new washing properties, closing on them before the end of 2022.

Autobell debuts in Greenville, S.C., market with three locations

CHARLOTTE, N.C. — Autobell Car Wash introduces three new washing locations to Greenville, Greer and Simpsonville.

Automotive Lift Institute unveils new Lifting Points Guide

CORTLAND, N.Y. — Electronic guide makes it easy to find OEM lifting point information.

Deltic Wash Force announces opening of ‘one-of-a-kind’ wash

BARRIE, Ontario, Canada — Klassic Car Wash offers both soft-touch and touch-free wash experiences.

Other Posts

When is the right time to sell your carwash?

What to consider if you are thinking about selling.

Garnett Station Partners recapitalizes Flagstop Car Wash

NEW YORK — The partnership is providing growth capital for continued regional expansion.

Magnolia Wash Holdings acquires Blue Water Express Wash

TALLAHASSEE, Fla. — The express carwash operator commemorates the three new locations in Tallahassee with a ribbon-cutting event and special promos.

Tidal Wave Auto Spa celebrates new opening in South Carolina

THOMASTON, Ga. — The company opens its 13th location in the state.