Short advisory YouTube clip by Mike Andes about partnering with a friend. He notes advantages (existing rapport) but cautions that partners must communicate, set clear expectations, and use contracts to avoid putting the friendship at risk.
If you're going to go into business with a friend, I understand there's a lot of advantages because you've already built up a rapport and have a good relationship with them. Just keep in mind it's also very important to communicate, have contracts, and have clear expectations of what that partnership is going to look like. Otherwise, the friendship and the relationship you build up with them could potentially come into jeopardy.
