Fernando LoFrano – A Good Friend is Not Always a Good Partner

BIO: Fernando LoFrano is a Brazilian IT executive, promoter, and consultant in Digital Transformation, acting as an agent of transformation in organizations, impacting the transition of business models and operations to the new digital age. STORY: Fernando got into a partnership with a friend with whom they shared different views on business and success. Fernando was an ambitious entrepreneur hungry for challenges and quick success, while his friend was a family man working towards long-term success. Their differences made their business fail after only four years.   LEARNING: Think through your partnership, especially if it will affect your friendship, express your expectations from the beginning, and respect and value your friendship even as business partners.   “Find partners with different skills, but with the same desire to achieve success.” Fernando LoFrano   Guest profilehttps://www.linkedin.com/in/lofrano/ (Fernando LoFrano) is a Brazilian IT executive, promoter, and consultant in Digital Transformation, acting as an agent of transformation in organizations, impacting the transition of business models and operations to the new digital age. As one of the most influential in information technology in Latin America, he is an IT Governance Specialist with an MBA in Project Management. He is the author ofhttps://amzn.to/3g6dxEu ( The Role of Project Management in Digital Transformation). Worst investment everFernando started his entrepreneurship journey when he was 22 years old. Along the way, he decided to focus his business on IT solutions. Getting his friend onboardRefocusing his business was proving to be tough, and so to achieve his goal, Fernando decided to get a friend to partner with him. His friend was 26 years older than him. The unlikely pairIn the beginning, the new business plan sounded like poetry. But over time, things got hard. It became clear that the two partners had different motivations and expectations from the partnership. On the one hand, Fernando was a young,