The Pros & Cons of having Co-founders in Company

30,000 startups are currently active in all over India. All of these startups have one thing in common, that is they all have two or more founders in their company. But there are also many solo successful founders like Paytm’s Vijay Shekhar Sharma and SHEROES’ Sairee Chahal. So, sometimes new entrepreneurs feel confused about which one would a good step to take: choosing a partner or not. 

The co-founder and COO of a healthtech startup, Eka.Care, Deepak Tuli has said that the co-founders of your company need to be equally passionate about success and they have to be on the same page with you. Entrepreneurs can feel very lonely at times. But if they have got a Cofounder, then you will always find someone to go back to and discuss problems with them. 

Another co-founder and CEO, Kausambi Manjita, of a Bengaluru-based SaaS startup named Mason has agreed over this point. You may have planned your roadmap very carefully and it may seem very exciting to you in the beginning. But as time goes on and as the workload starts building up, you will feel pressurized to handle it all alone. With your cofounders you can share your stress.  

Co-founders will be a great assistance to face challenges and plan to face it accordingly. There will be different mindsets, skillsets, and risk-bearing capabilities in the co-founders which will be an ultimate treasure for your company. Because every person has his or her own set of strengths and weaknesses and each cofounder will contribute according to his or her strengths in the company.  

Co-founders will also have their own unique styles of leadership that can help to increase productivity of the employees, manage the team’s moral values and effectively achieve the company’s goals together.