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Ankit

Ankit Kedia  | Answer  |Ask -

Start-up Expert - Answered on Feb 16, 2023

A second generation entrepreneur with 15 years of experience, Ankit Kedia is an angel investor and the founder of Capital-A, a venture fund for seed to early-stage meaningful start-ups and Caremont, a healthcare startup. He completed his graduation from Christ University, Bengaluru. He has an MBA degree in operations, marketing, international markets and economics from the S P Jain Institute of Management and Research, Mumbai.
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Asked by Anonymous - Feb 02, 2023Hindi
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Hi Ankit, what are a few things to keep in mind when you are doing business with family members?

Ans: Hello Anonymous, As far as possible avoid doing business with family - enough examples in the history to showcase that it compromises relationships amongst family members. That said - you could consider the following :

1. Crystal clear roles and responsibilities
2. If you are buying or selling, make sure its done like business ! Not like a family dinner conversation.
3. Set expectations very early and very clearly from each other. Better to be clear than to be in doubt !
4. Money matters to be transparently discussed
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