Working with friends can be a very enjoyable experience, but it doesn’t come without challenges. If you go for it, always communicate expectations clearly as the line between work and personal life can become blurry. A business partnership is like a marriage. Some of the key traits you would look for in a spouse include trust, communication, honesty, respect and the ability to compromise. We also value these same traits when looking to build a business partnership.
Certain times friends and family members make good business partners. Since you’ve already spent a great deal of time together, you have unique insights into the relationship to help you decide whether they will make good business partners or not.
