Step 1: Get clear on your own vision
Before you answer, think about why you want to join a new business. Write down the kind of product you enjoy building, the risk level you accept, and the amount of time you can give. This helps you speak with confidence and avoid vague replies.
- List your priorities on a piece of paper.
- Rank them from most important to least.
- Review the list before the conversation.
Step 2: Ask the right questions
A good reply shows curiosity. Ask about market need, funding plan, and how roles will be split. Your questions signal that you care about the idea and want realistic details.
- “What problem does the product solve for customers?”
- “How will we fund the first six months of operations?”
- “What responsibilities will each of us handle day‑to‑day?”
Step 3: Be honest about your limits
If you have other commitments, say it early. Honesty prevents misunderstandings later. Use simple language and own your constraints.
- “I have a part‑time job that takes 20 hours a week, so I can devote about 15 hours to the startup.”
- “My family needs my attention on weekends, so I prefer to work weekdays.”
Step 4: Offer constructive feedback
If you see a weak spot in the plan, point it out kindly. Frame it as a suggestion, not a criticism.
- “I think the pricing model could use more testing before launch.”
- “It might help to outline a clear milestone for the prototype.”
Step 5: Propose next steps
End the talk with a concrete action. This keeps the momentum going and shows you are serious.
- “Let’s each write a one‑page summary of what we expect and meet again Thursday.”
- “Can we schedule a call with a potential mentor to review the idea?”
Sample sentences you can use
Thanks for thinking of me for this venture.
I’m excited about the concept, but I need to understand the market size first.
What is the target audience you have in mind for the product?
Do you have a timeline for the first prototype?
My current schedule lets me contribute about ten hours per week.
I have some experience with fundraising, so I could help draft a pitch deck.
It would be useful to define each partner’s equity share early.
Could we set a date to review the business plan together?
I’m comfortable handling the tech side, but I’d need support on sales.
Let’s write down our responsibilities so nothing falls through the cracks.
Do you foresee any regulatory hurdles for this industry?
What is the break‑even point you aim for in the first year?
I appreciate your confidence in me, and I want to make sure we both benefit.
If we move forward, I suggest a trial period to see how we work together.
Are there any investors already interested in the idea?
My family commitments mean I’m unavailable on Saturdays.
Let’s create a simple budget to see where the money will go.
Do you have a prototype ready for user testing?
I can help with the design, but I’ll need a clear brief.
What role would you like me to play in the marketing effort?
It might be wise to sign a basic agreement before we invest time.
I’m happy to share my network of developers if we need extra help.
Could we meet with a lawyer to discuss the partnership structure?
Let’s set a short‑term goal for the next month and revisit it.
Step 6: Follow up in writing
After the conversation, send a brief email summarizing what you discussed. This creates a record and shows professionalism.
- Recap the main points.
- List the agreed next steps.
- Attach any documents you mentioned.
Step 7: Re‑evaluate after the first meeting
Give yourself a few days to reflect. Ask if the idea still excites you and if the partnership feels balanced. Trust your gut; if something feels off, it’s okay to step back.
Closing thoughts
Replying to a friend who wants to start a business with you is a mix of enthusiasm and caution. By asking clear questions, being honest about your limits, and setting concrete next steps, you protect both the friendship and the potential venture. Use the sample sentences as a toolbox, adapt them to your voice, and move forward with confidence.
Be kind ❤
