Starting a business with your best friend: Skill-based questions to consider

Starting a business is a big decision, starting a business with your best friend an even bigger one. That's why it's crucial to ask yourself and your potential business partner all the right questions. In the worst-case scenario, not asking the right questions can lead to financial losses. Don't forget to ask these 8 important questions as part of your due diligence process.


Founder assessment and technical skills questions


  • What are you willing to sacrifice to reach your goal? Financially, time-wise, etc.
  • What motivates you?
  • Do you have previous experience of running a business or startup?
  • If so, what were your key takeaways and lessons learned from that experience?
  • What are your key strengths? Consider both technical and soft skills.
  • What are your weaknesses? Consider both technical and soft skills.
  • In what areas do you think that your skills will complement or conflict with each other?
  • What are the skills gaps (individually and combined)?

If you need more inspiration for relevant questions to ask when starting a business with your best friend, you will benefit from reading the 79 questions to ask before starting a business with your best friend white paper.

 
Starting a business with your best friend: Skill-based questions to consider