Starting a business with your best friend? Ask yourself these questions

Planning to start a business with your best friend? It's a big decision and doing your due diligence is key to a successful outcome. Make sure to include these 3 key questions as part of your due diligence process.

Worst-case scenarios questions

• What does the worst-case scenario look like for you?
• If the company was in financial distress and required a capital injection, would you both be able and willing to go ahead with this? If only one of you were willing to do so, how would you handle that situation?
• If the company had to shut, how would you manage that while keeping your friendship intact?

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