Starting a business with your best friend: Key questions to consider

Looking to start a business with your best friend? Due diligence is a vitally important step in the process of setting up a business, one that can help you save both time and money. Make sure to include these 4 central questions as part of your due diligence process.

Best-case scenarios questions

• What does the best-case scenario look like for you?
• If you had an interested buyer, would you consider selling the business - and if so, on what terms?
• Would you consider doing this full-time? And if so, what would be the key milestone to reach for you to commit to that?
• Would you consider engaging a PR or social media agency during the launch period?

If you are looking for more due diligence questions to consider before starting a business with your best friend, we recommend that you take a look at 79 questions to ask before starting a business with your best friend.