Working with friends & family

N asked me if I would still be working when he was older and started working himself. I told him that I thought I would be and he asked if I thought we could work together. This led to a conversation about the pros and cons of working with family and friends. I told how it could be a great thing if it worked well, but how it could also be risky - as business could affect personal relationships (and vice-versa). My main advice was to look at business compatibility among the people... I told them about some famous family businesses, such as Yosi Vardi, who started ICQ with his son. I also told them about some unhappy endings...

N and his best friend O are planning to start a business together making movies. I asked A if he thought he and his best friend W would work well together. He didn't think so, but didn't elaborate.

N and I concluded that it would be awesome if we could work together someday...