Should you get a co-founder?

Should you get a co-founder?


Alex Laribi – Founder of Generate Awareness

4 good reasons to get a co-founder(s)

1) With a co-founder, you can do more work than on your own

We can’t ignore the fact that a team of co-founders will have higher productivity than a single owner; it’s more evident when each team member has different and complementary skills. The build-up process is the first and longer step for any company. If the business idea and the business plan are prepared wisely; the company could trade and get its first client within its first week.

2) Several brains are better than one

It’s always beneficial to solve a complex problem when we are at least two. Each person is unique and has his own way of thinking. Subsequently, having a different perspective on a subject or issue is not advantageous, even more, it’s an asset! Your co-founder can see things that you aren’t able to notice.

3) More money can be invested

Again, the more we are, the stronger we are. Capital is the muscles of a company more capital means more capability. So if you are with one or more co-founders, you could invest more money together.

4) Support for each other

Period of doubt could come forward after a setback. It’s easier to solve problems with a co-founder rather than on your own. And, what about motivation? It’s always good to get the support of your co-founder and vice-versa.

4 good reasons to lead the business without a co-founder

1) Smooth decision-making

I think it’s the best reason for not having a co-founder. You don’t have to convince your co-founder, or your board when you have a new plan, and vice versa. You’re the only chief on board, and you lead the boat your own way. If your company reaches the next level it’s thanks to you; it’s also true in the case of a failure.

2) Saving time

This reason is linked to the previous one. You won’t have to argue with your co-founder during the decision-making process you will avoid the time-consuming meetings. After all in business but in life in general time is a valuable thing to use wisely.

3) No profit to share

It’s not the noblest reason, but the purpose of a business is to make money. Nobody mentions it on the elevator pitch, but it’s the real and underlying reason. So you’ll earn more money when a profit comes forward because you will not have to share it with somebody else.

4) Avoiding conflicts between shareholders

Disagreements and conflicts are inevitable in a relationship with a co-founder. For instance, one is pulling his weight more than the other one, or one is taking credit of the team-work. In other words, the same conflicts you come across at work will appear in a team of co-founders. As well, conflicts of interests of all nature are known in a lot of boards of big companies.

Now, you know more about the ups and downs of having a co-founder(s). What is best for you? Having one or ride alone? Share your thoughts in the comments below.

Alex Laribi

Alex Laribi is an experienced leaflet distributor who has worked for StreetPr, JYL, and as a Self-employed. He has promoted over 100 Brands in London such as Fitness Space, Chelsea FC, Tottenham Hotpsurs, Monese, Uber Eats, Merlin, etc. Meanwhile, he was following Digital Marketing courses, and starting up his own company. At the moment, Alex Laribi manage Generate Awareness.

Leave a Reply

Close Menu