Assess your compatibility
Before you get started on actualising a business idea with a loved one, you need to be honest about the traits and capabilities of all parties involved. Think about the personal habits that could hinder the business, and consider how these could lead to potential problems in the future.
For example, if one party procrastinates all the time, it could affect your ability to follow through on jobs, and it may be unwise to give the business cheque book to a partner who is careless with money. Try to avoid having business relationships with people who don't measure up to your work standards.
Establish specific roles