| Published: 15 May 2008 | Last Updated: 27 May 2008 |
For your first startup, it is highly recommended to find one or a few friends to start the business together. As explained by Adeo Ressi
, founder of various companies including TheFunded.com , there will be inevitably be mistakes in your first startup, and it is better for to have a group of founders. Unless an individual has much experience in starting a company, Adeo does not recommend to starting a business alone.
Too Many Cooks Spoil the Broth
If the founding team is too large, things can get very complicated. The recommended size is about two to four people.
Pros & Cons
Below is a summary of the pros and cons of working individually or in a group.
| |
Alone |
2-4 People |
>4 People |
| Workload |
You do everything |
A lot, but you get to focus on specific task areas |
Less - Much |
| Pressure |
Very much |
More manageable |
Manageable |
| Responsibility |
Everything |
Almost everything, but more specific to some areas |
Limited to small areas |
| Remarks |
You have to do EVERYTHING yourself, and make every decision alone |
You have the benefit to splitting tasks, and the benefit to discuss about ideas which will usually result in better decisions than doing it alone |
High chances of conflicts and too few share (ownership) per person in the company |
| Recommendation |
Only if you cannot find another partner |
Highly Recommended |
Not Recommended |