Telling someone you don't want them as a business partner?
My close friend came up with an idea for a bar/restaurant because I have experience in the business and she agreed to put down the money for it, and at first it seemed like a great idea so I agreed. Now I realized she may not be the best person to do business with especially in a bar as she is irresponsible with finances, and her life generally and has an alcohol problem. She's really excited about the bar idea and I'd hate to lose a friend by telling her I don't trust her to start a business together. How can I let her down easy?
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Tell her after rethinking your plan you really are just not ready for such a venture. Some personal changes may arise and that'll take up a lot if your time and effort. No need to elaborate.
You simply tell her that you have realized that you don't have the resources needed to finance the bar and after looking into it, it's just more work than you want to take on. Ok so she is doing the finances...A bar is 24/7 and you need a responsible partner. People that don't understand finances are bad partners. Just lie and let her down easy. You don't want a drinker as a partner in a bar...they will drink up a lot of the profits and be buying their friends drinks too. Sure you give a few away but that's it. A person with an alcohol probems does not need to own a bar. Oh she's financing...don't count on that and does that mean you get to do all the work? What do you get out of it? Just tell her that after really thinking it over, it's too much for you and you'd like to but simply can't. The bar business is a rough life.
Ok she used her money and her idea. So you'd be stealing from her. If it was me I'd pay back the money and tell her you can't continue it or something
Tell him after rethinking your plan you really are just not ready for such a venture.
There is only one way to do this. Tell it like it is. A "close friend" should have no problem with stating the truth.
tell her you have revisited your motivations for doing this and decided it is NOT something you want to do at this point in your life