Business partner or best friend? Why not both?

Are you thinking about going into business with a friend? If so, begin by recognizing the fact that there could be a strain on the relationship. Then, take the necessary steps to prevent any upsets, like defining, up front, individual responsibilities. Be clear that someone needs to be in charge. Remember, this business is your dream.

Having said all that, a friend and partner can be a tremendous asset, especially if that person has talents and skills that contribute to your vision for the company. And that’s the key. Without that in place, both your friendship and your business could be headed for disaster.

So, bottom line, establish the rules before you get started. Then, together, reach for your goals!