Brian at The Entrepreneurial Endeavor has a great post about partnering with friends that I missed last week while without the internet. He goes into some details about what you should consider when partnering with a friend on a business venture and all of it is very true.
He puts a great insight into his ideas through his personal experiences. I completely agree with everything he noted and would also add that a partnership agreement is something that should be considered if not required for the partnership to lay out everything Brian mentions including the roles of the partners and the compensation for each of you. This is something that my self and a partner and good friend have started putting together for our business venture. I will share more about it later on once completed and give you some more ideas on writing an effective and one equal to both parties.
But for now, enjoy Brian’s post on partnering with friends.