this post was submitted on 15 Nov 2023
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Sorry for the challenges you are dealing with. I've built a small (20 person) biz over the last 5 years and this past year had to fire my two co-founders and fiance (though she still married me last weekend!). Interestingly, she and one of my co-founders started their own business together when they were let go from my company. They were "like sisters", but unfortunately due to similar challenges you are facing now, have folded the company (with $100K in inventory still to sell to get their investment back) and I'm not sure how they will ever be friends again. And if they do, there will always be a scar on the relationship.
If it isn't too late to go separate ways without doing damage, I'd highly recommend it. There is no way (in my experience) to have a business relationship not affect (for better or worse) the personal relationship.
Happy to fill in details or provide more insight. Best of luck with your challenging decision!