Should you go into business with a friend? Well, some might say that if you can avoid it, avoid it. Combining your worlds—social and professional—can get messy, and one can quickly destroy the other. That being said, you can’t choose with whom you have a brilliant business idea. And it’s very common to brainstorm a business idea with a friend. You spend a lot of time together. You encounter the same life issues and nuisances that you both want to solve. You think alike—that’s why you’re friends. You love to shoot a breeze. It’s only natural that one night, over drinks, you may just be riffing about something when you realize, “Wait a minute…that’s something we could actually make money on.” You probably won’t just let the other one have the idea, alone, as you came up with it, together. So now you may go into business with a friend. Here are some cardinal rules for doing so.
Pick someone you can communicate with
If you are still in a place where you can decide which friend you work with, consider communication. It’s so important to work with someone who usually understands your meaning and your intentions. If you have a friend with whom there are always misunderstandings, backpedaling, apologizing, and over-explaining, don’t work with that friend.