What precautions needed to form business partnership with friends?

Keep the following suggestions in mind while getting into business partnership with friends.

Have a company vision - agreeable to everyone

Set the rules of game in the beginning - Draft a company policy up to the fine details, agreeable to everyone.

Share and ask for detailed CV - No matter you have grown up together - playing cricket together is one thing and running business together is different

Don't leave the room for surprise - Get the information validated 

Set pilot milestones - Set the short targets, do the math and see if the venture is likely to work otherwise change the strategy

Don't be casual - Maintain absolute professionalism while on job and make sure you also have fun together later

Here are the top 10 suggestions for new start-ups and entrepreneurs - http://fromthediaryofmentor.blogspot.in/2012/02/10-suggestions-for-new-start-ups-and.html

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