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Startups with multiple founders are usually more successful?

eLdavis

eLdavis

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I recently came across an article that says business startups with two or more founders or owners are usually more successful compared to does run or setup by a single person, what's your point of view on this theory? Personally i believe this to be true to some extent, but having multiple founders most times does not guarantee the success of the business.
 
I believe in the power of partnership in business especially if it is a newly organized business partnership. It is also a must to read the agreement set between two parties to avoid confusion and misunderstanding likewise, the vision, mission, and goals and objectives.
 
It depends thae type of business but in most cases it gives more credibility when the responsibities of the business are not left solely in the hands of one person.There should be a contigent plan to show that more people have the capacity to perform to task and be accountable.
 
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I think in this case, it deals with more of the following:

1. Potentially more funding to start off with, making it less likely one person will crash and loose a ton of money.
2. Multiple people already there at open, working towards a common goal among them.

mrki444 said:
In startups you share work and pay people with stocks. More people means more work will be done and more ideas come. Also they can later bring more money. If you do everything as boss, you can burn fast.
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Might be a different subject worth exploring in discussion, but in the case of starting a business, "stocks" or shares in a starting business, usually is due to people or businesses providing financial backing, over actually being someone that is helping run the day to day aspect of a new business.
 
Starmix said:
I believe in the power of partnership in business especially if it is a newly organized business partnership. It is also a must to read the agreement set between two parties to avoid confusion and misunderstanding likewise, the vision, mission, and goals and objectives.
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Same here, there's power in partnership of any business partners help a business to grow and be successful. As you stated It is good to read the agreement set between the parties to avoid confusion and misunderstanding so that everyone will be on the same page
 
Augusta said:
Same here, there's power in partnership of any business partners help a business to grow and be successful. As you stated It is good to read the agreement set between the parties to avoid confusion and misunderstanding so that everyone will be on the same page
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That must written in the planning what to do first to remind ourselves the content of the agreement for that serves as proof in a partnership business. It's good to have a business partner if the other party doesn't trick and fool us.
 
Partnership in a business is required for big companies like multinational companies and even cooperatives. Teamwork is essential to support the needs and solve internal and external problems that may suddenly occur. However, there are also small businesses needing a business partner to collaborate on their ideas and plans for improvement and profitability.
 
Starmix said:
That must written in the planning what to do first to remind ourselves the content of the agreement for that serves as proof in a partnership business. It's good to have a business partner if the other party doesn't trick and fool us.
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Yes that is how partnership should carry on. You just have to keep all cards on the table for the other partner to know what they are into. partnership means cooperation and seeking to work with one another in peace
 
That's about partnership. It requires transparency in all transactions. It is not only a one person decision. It must pass to the board before a resolution will be approved. That way boosts morale and stability of the business corporation.
 
Starmix said:
That's about partnership. It requires transparency in all transactions. It is not only a one person decision. It must pass to the board before a resolution will be approved. That way boosts morale and stability of the business corporation.
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There are many different reasons why partnership business could be more successful. However, it depends on how skilled and experienced the partners are in the first place. They can work together and this allows the business to become far much more flexible.
 
Before a business startup is built, of course the founders have prepared a team or organization who will be the leader, and what their duties and authorities are according to their positions in the business organization. So if the startup business is managed professionally, more capital will be collected than if you run the startup business alone. So it depends on how the team manages their business to be successful but it is not a guarantee.
 
It is all dicey and hugely dependent on the personality of the co founders. On paper, they are supposed to do better than companies with single founders because it is a combination of different exposures and experiences. You know what they say about strength in diversity.
 
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