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Is it really bad to start a business with your own friends?

I think so, I believe we have all seen China Partners, in this movie there is this sentence: Don't start a company with your best friend. And I think that as good friends it is inevitable that there will be some disagreement when it comes to the interests, which will eventually break the friendship.

First of all, the network of friends is basically the same, but as we all know, for startups, networking is very important. A network of relationships is only more beneficial if both parties focus on different areas and attend different events separately.

And once you start a business venture without agreements only friendship is quite a dangerous thing. Because business faces many variables, and it is difficult to gather the minds of each friend into one. That's why when it comes to major problems, you often can't get a quick solution. People operating in a company simply don't have the power to make decisions on the spot, and need to consult with multiple friends, while sometimes friends don't have the same opinion and can't execute. With repeated delays, everyone's motivation and creativity are seriously undermined.

And in the process of business, if two people have different opinions, as friends who are not willing to compromise, this will bring a crisis to the company. Before choosing a partner, you need to consider these questions: do the friends have complementary skills? Are the connections different? Can they respect each other's wishes? Does the other party have industry experience and entrepreneurial experience? These are the conditions that determine whether the partnership will last and whether the company will be able to operate. When you want to start a business with a friend, you must think carefully about the above questions, and you must also run a good relationship with each other when you start a business, so that business does not change the original intention.