Starting a new business from the ground up is one of the most stressful things anybody can do.
It’s just a fact.
It doesn’t matter how smart, hardworking, or experienced you are; launching your own venture is always 10X tougher than you could have imagined.
“I had an MBA and loads of other impressive-sounding business qualifications, ” says Kathryn Minshew, the US entrepreneur and co-founder of The Muse. “But going out on my own for the first time nearly killed me, and it never got any easier. Starting a business isn’t for everyone. It requires thick skin and the willingness to carry a great deal of stress, and usually alone.”
A problem shared is a problem halved, right?
In other words, is partnering up with a co-founder the right move? It worked for Kathryn Minshew. She teamed up with Alexandra Cavoulacos and Melissa McCreery to launch the online career platform The Muse, which currently generates around $7million per year.
Not bad at all. Teamwork can make the dream work.
But would it work for you – or your co-founder?
That’s exactly what this latest study from OnDeck is all about.
The small business lender gathered information from entrepreneurs, business owners, academics, and the highest-quality online sources to create a series of infographics giving you the complete lowdown on whether or not you need a co-founder.
They outline the hard data behind starting a start-up with a co-founder. The stats suggest that an extra pair of hands can help both of you go a long way; 80% of billion-dollar businesses launched in the last 15 years had two or more founders.
There’s a detailed chart highlighting the pros and cons of committing to a business partnership and a decision tree with all the essential questions you need to ask when considering partnering up or going full lone wolf…
Should You Go Into Business With a Co-founder?, courtesy of OnDeck
