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The pros and cons of founding with friends

Starting a new business with a friend may seem the natural thing to do, especially when you both share the same passion. A great friendship may not always make for a great business partnership however and, especially if you're taking your first steps in entrepreneurship, it's one of the risks you need to weigh up carefully before taking the plunge. Founding with friends has high stakes, as both the friendship and the business can suffer permanent damage, yet "some early planning can prevent problems further down the line," writes startup consultant Andrew Deen. Here, he shares some of the pros and cons of founding with friends help you decide if it's the right choice for your new business.

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