Are you a solo Founder ? Be ready for a daunting task !

27 Comments / Coach, Entrepreneurship / By
Solo Founder : Lonely

Author Sunil Shah : Founder : https://adviceyogi.com/

It is  lonely very lonely  journey  for a solo founder  on  roller coaster of start-up enterprising.

As a  solo-founder your  start-up journey is a lonely one. It involves long hours of toiling all by yourself and running around to get your tasks completed .

Doing it all by yourself

There will be times  in your start-up journey  when you will think even if you  had  50 hours in a day,  you wouldn’t get everything  done in time which  needed to be  done.

You know for sure that you do not have all that extraordinary skills which are  required to make start-up successful by yourself . You need a co-founder  as  a start-up  requires more than just an idea – it requires different skill sets, right from sales to marketing  to recruiting teams to accounts, liaising  with  multiple  stake holders ,  talking to clients etc . And it’s almost next to impossible for you to handle everything by yourself  to perfection.

With Co-Founder

This is where the co-founder  can value add your start-up , allowing the work to flow smoothly. You could divide work between you and the  co-founder  according to your skill set as well as that of your co-founder’s and ensure that work gets done faster , smoothly and most importantly within specified time limits .

This will definitely save you from burnout . It’s only human to fall sick, but things become complicated if you go missing even for a day.

Moreover in case you become incapacitated, your co-founder is there to run the show . It’s only human to fall sick, but things will become complicated if you go missing even for a day. Having a co-founder  will deter your  business from  shut-down .

As a solo  founder, you’ll hardly get a moment to breathe, forget about enjoying a vacation. While  a co-founder will be able to stand in for your absence and can also give you your much-needed rest. This way, both of you will  be complimentary to each other !

You need to know that  a solo founder is generally not taken positively by the investors.

As a solo  founder you  will also send unwarranted  signals as it will show how you were not able to recruit cofounder  onboard early on. If you are not able to recruit a cofounder, stake holders will form a negative opinion about you , they might start thinking that in future also  you  will not be able to recruit  team members as well ..

Various research  studies tell us  that angel investors as well as venture capitalists generally avoid investing in a start-up run by solo founder . It is true that you will have to divide your profits with the  co-founder,   but you should also remember that  losses will be also divided  between you and the co-founder .

Last but not the least in a state of a dilemma only a co-founder or partner can understand how you feel and will help you bring in creative solutions to existing impasse .

27 thoughts on “Are you a solo Founder ? Be ready for a daunting task !”

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