<prompt> Human: My three friends and I are in our last year in college and we all want to take a year off to start a business idea that we have. We wanted to see if any business owners could help with what steps in the beginning I need to take in order to start my business and then steps I should take after opening my business. I appreciate any and all feedback, thank you! My business idea would primarily be an entertainment idea where nothing is sold online and people would come to the place for fun.  <response>: First. Partnership are usually a bad idea. Its a big challenge to get 2, or in your case 3 people on the same page when it comes to how much time and energy you want to put into an endeavor. What happens if everyone is equal owners, one person loses interest, then the idea takes off? The third will still have equity.Things that seem like a fun idea with friends, can turn into a cluster when it becomes a viable business with 3 owners. 