On the other hand, there are many success stories of friends who went into business together and succeeded to together. If you have ever gone into business with a friend, what were your biggest concerns and how did work through it.
No way running a business will succeed without trust and that is what we need to build up. That is why we should consider having a partner that can be trusted as well especially when it comes to money and must be transparent with all the transactions we made - liquidation and complete listing is very important.
These things should have been carried both of you to avoid misunderstanding otherwise, it fails.
- behavior
- positive attitude towards the business
- positive mindset
business could always strive without trust, what matters most is how you really build the system that prevents of misuse the authority given, there's reason why in company that already went public, even founder could be kicked out from the companies merciless if they didn't fulfill the requirements, it's because how the system works ensure that the stock holders gonna get most benefit and keeping the company alive by allowing these high rank company authority in check.
when it comes to business with friend, just do everything from legal perspective, you want to do business make it legal contract, like many have said, but of course there's always something that gonna become messed up, i deemed best course of action would be to make no business with these friends at all.