H. Mackay on what friends are not for — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily
Mackay Envelope Corp. founder and Chairman Harvey Mackay developed these simple rules for ensuring that his friendships did not undermine his success … and that his success did not kill his friendships:
Don’t go into business with a friend.
Don’t buy something from a friend.
Don’t sell something to a friend.
Don’t hire a friend.
Don’t go to work for a friend.
Don’t lend money to—or borrow from—a friend.
Mackay’s moral: “Friends are made by many acts … and lost by only one.”
—Adapted from Pushing the Envelope All the Way to the Top, Harvey Mackay, Ballantine Books.