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H. Mackay on what friends are not for

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in Leaders & Managers

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:
  1. Don’t go into business with a friend.

  2. Don’t buy something from a friend.

  3. Don’t sell something to a friend.

  4. Don’t hire a friend.

  5. Don’t go to work for a friend.

  6. 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.

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