How To Work With Friends Without Screwing Each Other Over
A few things to ask yourself before asking a friend to officially work with you:
How do your strengths complement each other and how would you split up responsibilities?
Do they have a similar capacity to contribute? Whether that is with time or money; if you are thinking about entering into an equal partnership there needs to be equal contribution
Are you on the same page in terms of your long term goal? For example, one partner can’t be building a business with the goal of selling and the other not
Can you have hard and brutally honest conversations with this friend?
Can you compartmentalize them as a friend and as someone you work with? Sometimes the one you work with pisses you off as a friend
If you decide to work with friends:
Sign a GD contract!
Document everything (responsibilities, process, etc.)
Make sure you make time to still just be friends (I.e. not talk about work)