CO-FOUNDER CONFLICT IS A STARTUP KILLER: HOW TO UNDO THE DAMAGE AND AVOID IT IN THE FIRST PLACE
Ah, future success so close you can almost touch it. The realisation that your idea could actually become a viable business is electrifying. You’ve crunched the numbers, drawn up a plan, got the ball rolling and may even have secured vital angel funding. You’ve also decided to tackle the world of startup head-on with a co-founder by your side.
As time flies by at the breakneck speed so typical of early-stage business, together you’ve conquered challenges, grown a little (or, a lot) and had your fair share of debate on matters concerning your mutual venture.
All of that is normal, and fine… until it isn’t. One day, you look back and discover you’ve barely had a conversation with your co-founder that hasn’t ended in exasperation, or worse – no resolution or progress on an issue affecting your business. With 65% of startups failing due to co-founder conflict (that’s higher than the US divorce rate), this is not something most can afford to ignore.
What causes co-founder conflict, and why weren’t incompatibilities realised earlier?
While co-founder conflict can arise in a number of different ways, often it can come about when friends or family decide to get into business together and they’re simply not compatible in that aspect of life (and it’s difficult to understand that until you’ve gone all-in, unfortunately). Read more
Michelle Duval - Dynamic Business - 8 Jan 2018