Success Advice
Why Every Successful Business Needs a Co-founder
Partnering with a co-founder might be the best option if you want to plan for long-term business success.
What does it take to start a super-successful business that could one day hit that billion-dollar valuation mark?
A great idea?
An insane work ethic?
The ability to read markets and understand consumer needs and desires?
The answer is all of the above.
But there’s another thing to consider: how many people does it take to start that super-successful business?
In other words, if your long-term vision is to become the CEO of a startup unicorn, can you do it all alone or do you need a helping hand from one or more co-founders?
That’s the big question OnDeck decided to unpack in its latest study on entrepreneurship.
Using data gathered from business leaders and specialist online sources, it breaks down everything you need to know about starting a business with a co-founder or going solo.
The study outlines some of the big data points regarding businesses with co-founders.
For example, did you know that…
- 8 out of 10 billion dollar businesses started in the last 17 years have two or more co-founders.
- Businesses with co-founders grow 3X faster than startups run by a single person.
- Nearly 15% of start-ups with a single owner fail because the founder doesn’t have the skills or knowledge to do everything themselves.
Partnering with a co-founder might be the best option if you want to plan for long-term business success. But that doesn’t mean it’s an easy option.
Ego clashes, equity splits, and power struggles are just a few of the things you need to navigate when working with a co-founder.
That’s why OnDeck added a breakdown of the biggest co-partner challenges, including how to overcome them.
And if you still decide to go alone, then this study has got you covered. The last section is a step-by-step guide on what to expect and how to succeed when running a business as a single founder.
Success Advice
12 Skills to Acquire in 2024 for Career Success
In 2024, the professional world is evolving rapidly, so taking the initiative and planning strategically for skill development is essential
In 2024, the professional world is evolving rapidly, so taking the initiative and planning strategically for skill development is essential. If you want to do exceptionally well at your job, moving past the ordinary and concentrating on improving various skills is essential.
This article looks at key abilities that will contribute to your future career. (more…)
Success Advice
How to Use Link Building to Get More Traffic to Your Website
A meticulously executed link-building strategy can transform your new website into a digital powerhouse
Why do some websites skyrocket to the top of search engine results while others languish in the digital abyss? Does the new site you’ve just created have a chance to get a target audience and organic traffic? (more…)
Success Advice
Simple Secrets to Building a Profit Pumping Freelance Business
Freelancing is a highly profitable venture, but its overwhelming nature tends to be daunting
Freelancing is a highly profitable venture, but its overwhelming nature tends to be daunting. To maximize profit, it’s important to adopt favorable mechanisms and workflow aids. You can increase your productivity to a significant level by staying true to your workflow. (more…)
Success Advice
Here’s Why Your Digital Marketing Efforts Fail and What to Do About It
A key distinction between traditional and modern marketing is targeting.
In a renowned anecdote, Albert Einstein is said to have given his graduating class the same exam paper two years in a row. His assistant, worried that the great scientist had made an error, alerted him. Einstein’s reply was simple: “Yes, it’s the identical test. But the answers have been altered.” (more…)
-
Success Advice4 weeks ago
Mindful Productivity: How Top Achievers Combine Focus and Balance
-
Success Advice3 weeks ago
Here’s Why Your Digital Marketing Efforts Fail and What to Do About It
-
Success Advice4 weeks ago
Why Diversifying Your Portfolio Can Make You More Money and How to Do It
-
Success Advice4 weeks ago
8 Quick Strategies to Boost Your Email Survey Response Rates
-
Life3 weeks ago
The Happiness Model That’ll Change Any Entrepreneurs Life
-
Success Advice3 weeks ago
Simple Secrets to Building a Profit Pumping Freelance Business
-
Entrepreneurs3 weeks ago
Why Your Business Can’t Afford to Ignore Mapping Software
-
Entrepreneurs2 weeks ago
5 Levels of Brand Visibility and How to Go to the Next Level in 2024