One lesson that I’ve learned the hard way is that business and friendship simply do not mix. It’s a bad idea. Now don’t get me wrong. I’m not saying that it’s not a good idea to embark on some business venture with a good friend of yours. If you guys want to make t-shirts and sell them as a once off thing, that’s fine. Or if you want to hold a bake sale or a party, that’s fine too. But if it’s anything that’s going to involve incorporating a business, or if it’s something that could be termed a going concern, don’t do it with friends. The reason is that the emotional terrain of friendship will intefere with that of business. In business, one often times has to say harsh things, take difficult decisions and hold people accountable, no matter how hard that may be emotionally. If the person that you’re doing it with is a friend, that just makes it twice as hard. How do family businesses do it? I don’t know. I’ve never been involved in a family business. But I have been involved in a business with friends, that went under because of the reasons that I mentioned, in the main. And that was one big lesson that I learnt from the experience.