For some entrepreneurs, keeping on top of business tasks may initially come easy. We can delude ourselves into thinking there are enough hours in the day to complete the tasks of 4 or 5 different people. However, reality soon sets in, and the need for a support team becomes increasingly evident. This does not mean you’re incapable. It simply means you’re human, and you have to put your business ahead of your ego. Your best chance of success requires every facet of your start-up to be running at optimum efficiency and making the right decisions.
As an entrepreneur, you must be willing to recognize your strengths and weaknesses and fill in the gaps. Outsourcing, hiring employees, or even bringing in a co-founder are all viable options. With outsourcing, you can bring on IT support services (for example EPC Group’s Offerings), or hire a virtual assistant. While bringing in co-founders may seem like a daunting prospect, there are numerous benefits to doing so.
A Broader Range of Skills
While you may be multi-talented, it’s unlikely you’re at the top of your game in every area. A range of different personalities and backgrounds will bring a mixture of skill sets and strengths. Knowing your own personal strengths allows you to identify trouble areas, fills voids (for example freelancers from Upwork), and compliment your own skill set. That way, your business gets to be the best it can be.
Greater Motivation to Succeed
When you find a co-founder that’s a good fit they will also buy into the concept and goals of your company. Having several people at the top can increase motivation. There can be many roadblocks you need to overcome in order to achieve success. As a team, you can support and push each other, as you’re no longer just accountable to yourself, but to the team.
A Different Perspective
When we’re working in a committed and intense way, entrepreneurs often lose focus on the details. Instead, they focus on the big picture, which often causes small problems to arise. Combining the viewpoint of several different people helps to ensure nothing is overlooked. We don’t always reach the right decision when mulling over a problem on our own. Our views are naturally biased by our own beliefs and self-interest. Having co-founders to mull things over with will lead to better decisions and increase the likelihood you’ll succeed.
It’s Lonely at the Top… and the Bottom
Starting your own business can be a lonely affair. You will at some point feel like everything is set up just to hinder you from achieving success. It’s much easier to deal with trying times when the pain is shared, and much more fun celebrating your successes when the joy is spread around. Most great businesses and undertakings start with at least two people at the helm.
Of course, once you have decided the task will be better spread between several co-founders, you’re left with the task of finding them. It can be hard to pick the right people, but being self-aware will help you to recognize people that compliment your own abilities.
If you’re unsure whether you can work together try traveling together for a weekend first. See how you get along. Do your business values align? Do your skill sets mesh with each other? You can both agree to a trial period before any serious commitments are made. Most importantly, pick someone you don’t mind spending a lot of time with.
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