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.
![](https://addicted2success.com/wp-content/uploads/2023/01/Why-Every-Successful-Business-Needs-a-Co-founder.png)
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
How AI Shook Up My Business and Made Me a Market Leader
AI is becoming the biggest disruptor across most service-based industries
![ai in business](https://addicted2success.com/wp-content/uploads/2024/07/How-AI-Shook-Up-My-Business-and-Made-Me-a-Market-Leader.png)
Change is an intimidating prospect for many, especially when it disrupts our established ways of working and living. Yet, within every challenge lies the seed of opportunity. (more…)
Success Advice
The Crucial Part You’re Missing in Your Goal Setting Process
When it comes to goal-setting the highest indicator of success is your execution rate
![goal setting](https://addicted2success.com/wp-content/uploads/2024/07/The-Crucial-Part-Youre-Missing-in-Your-Goal-Setting-Process.png)
When it comes to goal-setting the highest indicator of success is your execution rate. It has been said that a goal without a plan is a dream; and so it’s no wonder we’re told to write down our visions and make them plain. (more…)
Success Advice
How to Build Character That Guarantees Lasting Success
Your character is what sets you apart from others
![building character](https://addicted2success.com/wp-content/uploads/2024/07/How-to-Build-Character-That-Guarantees-Lasting-Success.png)
It is easy to get caught up in the idea that success is solely based on one’s abilities and talents. While it is true that having skills and talent can take you far in life, it is ultimately your character that determines how long you stay at the top. (more…)
Success Advice
6 Powerful Tips to Supercharge Your Small Online Business
Success within the online business community is certainly no easy task.
![how to grow an online business](https://addicted2success.com/wp-content/uploads/2024/07/6-Powerful-Tips-to-Supercharge-Your-Small-Online-Business.png)
Success within the online business community is certainly no easy task. This achievement will require time, patience, insight, and the ability to grow from mistakes that will inevitably be made. However, the end result is undoubtedly worth the effort.
(more…)
-
Life4 weeks ago
How to Have the Audacity to Pursue Your Greatest Potential
-
Success Advice4 weeks ago
How to Master Your Money and Build a Better Future
-
Life3 weeks ago
Overworked and Stressed? This Can Save Your Sanity
-
Life3 weeks ago
If You Have This Attachment Style It’s Killing Your Success
-
Success Advice3 weeks ago
Leadership Lessons All Future Leaders Need to Know
-
Success Advice2 weeks ago
6 Powerful Tips to Supercharge Your Small Online Business
-
Entrepreneurs2 weeks ago
How Entrepreneurs Are Retaining Top Talent
-
Success Advice2 weeks ago
How to Build Character That Guarantees Lasting Success