14 key questions to ask before starting a business with your best friend

Looking to start a business with your best friend? Personality traits and communication styles are important aspects to consider before entering into a business partnership. Below you will find a list of key questions to take into consideration as part of your due diligence process.


Personalities, feedback and communication questions


  • Have you ever taken a personality test, i.e., Myers–Briggs, social styles, or similar tests?
  • Are you risk-averse or a risk-taker?
  • Do you have a long or short attention span?
  • Are you more of a big-picture or detail-oriented person?
  • What would be a likely conflict that you could see happening?
  • What are your personality strengths and development areas?
  • What are your worst qualities?
  • In what areas do you think that your personalities will complement or conflict with each other? What might cause you to clash?
  • What are the personality gaps (individually and combined)?
  • How do you prefer to receive feedback?
  • How do you react to criticism?
  • How do you handle conflict resolution?
  • What is your preferred communication style?
  • What pushes your buttons and makes you see red?

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14 key questions to ask before starting a business with your best friend