If you happen to have that entrepreneurial spirit, you’ve probably dreamed out loud about your aspirations to your good friend, and they’ve probably dreamed out loud about theirs to you. You may spend countless hours bouncing ideas off of each other and planning out how you’ll spend your first Million in your future life.

If you both dream of starting a business, there may even be times that you talk about starting a business together, but is that a good idea? It depends.

There are so many layers to this question that there’s really no clear cut answer, so let’s look at a few of the things that you should consider before you decide to take the plunge plunge and basically...