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Good camaraderie and communication.
Lesser individual liability towards office rent, staff salaries, electricity, internet, stationery etc.
Variety of subject matter expertise.
Solo office:
Higher liability towards overheads.
Office's success directly linked to your skills.
You get to keep all profits.
Salaried job:
Guaranteed income
No liability towards office expenses.
Which one to choose depends on your personality, skills, confidence, risk appetite...and those of your friends.
Few pointers to evaluate your plan:
- While it's all jolly and cheerful when you are drinking or spending your leisure time with your college friends, how are they as a person with respect to money? how do they take feedback? do they place themselves first or are they willing to let others prevail?
- to use an aphorism, partnership is more delicate than a marriage. Marriages today are shaky when compared to earlier, partnerships are more fragile... One small disagreement or misunderstanding can lead to a partnership collapsing.
- money can be a big challenge: too much and there could be disagreements over who gets what, and too little endangers the very purpose. People CHANGE over time, and your college friends will not be the same folks you knew them in college. There could be numerous reasons for change, but CHANGE they will.
No journey is perfect, and be prepared to a rough country trek if you decide to pursue this journey.
This is from an ex-partner!
All the best.
No, it isn't as simple as u think, only the big firms dominate the game, even if foreign firms are allowed, the big firms will survive or merge with the foreign wale.