Disadvantages of starting a business with friends

Starting a business with a friend may seem like the best idea in the world. Mutual knowledge, trust, and shared interests are points in favor of maintaining a good relationship over time, even in difficult times. However, there are many stories of great friends who were ruined by money problems.  It is important to understand that a business partnership can significantly change the dynamics of a personal relationship. So you have to be aware of the reasons and think again before starting a business with your friend. Friendship is not the same as compatibility in business management One of the biggest – and most disappointing – surprises about starting a business with your friends is realizing that your friendship doesn’t automatically mean business compatibility. It is often the opposite. If you can’t find a way to run the business together, you won’t be able to go far.