Is starting a business with your friends a good idea?
My father recently told me that he started a business (which ultimately failed) straight out of college with his friend.
He told me that one of the several reasons it failed was because it became too personal for him and that the friendship factor did not automatically imply business compatibility.
He also told me that failure in such a business has a higher price because not only does it affect one financially but also emotionally.
What are your thoughts?