As humans, the best thing we know is relating to each other. We do it for love, for studying, for things in common, for working, and making business. At last, the correct team is considered as one of the success secrets for building a successful business. If we could do it alone, working teams and the specialties would not exist, but they do. So, choose the best team is not only a reality also it is a necessity, an important thing you have to do as well as possible. Co-founders are an important part of this dream team we want to create.
To know how to do it, we’ll give you bits of advice and the necessary information.
If the idea is yours and you will take part in the process, for sure, you will be the founder. Then you should decide if you want to have co-founders.
Who are they? They will be your partners in crime when it is referred to business. They usually contribute economical resources, experiences, mentoring, specific knowledge or something you need to develop your business in a better way.
Some experts think that having a co-founder is the best thing that an entrepreneur could have because this means that you were able to sell the idea to a first person before launching at the market.
On the other hand, there are some business experts who consider that starting a business is better if you begin alone. Fewer people to have for every agreement.
Whatever your preference is, you need to convince others and sell them your idea.
And why not? Co-founders can help you with that. But first, take into consideration some important things.
All of these related to business. Once you will talk and agree on this, you are ready to start or go for another co-founder.
This topic will change depending on the co-founder input. For example, if the co-founder invests economical resources, it is usual that he or she can decide about finance and the proper way to use the money. Now, it is common that co-founders don’t contribute with money, but they contribute with knowledge. In this specific case, responsibilities and functions should be different.
What does it mean? Co-founders functions are not always the same. They will change in every company, and you as a founder can establish it how better you think.
But we want to give you some common functions of co-founders to keep in mind:
Why is important to have one?
Did you know that the principal reason for startup failing it is the wrong people working on it?
Choosing the best partner or team during the first steps of your business makes the difference between work and evolve better than you expect or fail to try.
A co-founder even is going to take vital decisions from your hand, and it has to be a major influence on business operation.
Some people say: to have a bad co-founder is better to be alone.
In effect, our best recommendation for you in this: thinks twice before choosing.
A really good co-founder needs to have the next skills:
Examples or stories of successful co-founders
1. Bill Gates and Paul Allen
They are the Microsoft co-founders. Two men that joined to work, and develop one of the biggest technological empires of all time.
Although rumors said that they did have some problems as a team, they worked really good.
For a long time, they were listed as the top rich men in the U.S. and the world, and it was due to the company they co-found called Microsoft.
2. Steve Jobs, Steve Wozniak y Ronald Wayne
Apple has been one of the most important companies in the century, and these three men are behind this.
They were Apple co-founders. Now on, the thing has changed, but at the beginning, they had to work a lot and take the best decisions to take Apple on the heights, where they continue staying.
If they could, for sure you can.
3. Larry Page and Sergei Brin
Another tech monster. Google.
This company was founded by these two men. They are the teamwork personification. From nothing, they could develop a company together.
Can you imagine that you and your co-founder would be the next Larry Page and Sergei Brin? We bet for that and better.
4. Matthew Prince, Michelle Zatlyn, and Lee Holloway
They are three co-founders of a business created in Miami: CloudFlare. A company that provides red services, web security, domain servers, and mitigation DDoS.
Surely you knew this company, but Did you know that comes from Miami? Now, you can be the next in the city. Are you ready?
Co-founders would be your best or worst decision while you are creating your business. Take your time, choose the best candidate and evolve faster than you can imagine. Heaven is the limit.