Advantages
- No internal compromises
- Not dependent on partners
- Greater individual responsibility
- No internal discussions or conflicts
- Founder has full control
- Possible to work from home
Business blog – Succeed with startups
Company founding: alone or in partnership
Better to get started alone – or together?The decision for a founder to set up a company alone or in partnership is primarily determined by the founding concept and business idea. So what are the advantages and drawbacks of each option?
Drawbacks
- Solitude
- Founder must possess numerous skills
- More own capital required
- Creative process of discussion eliminated
- Risk and responsibility weigh on the shoulders of one person
Advantages
- Specialization and division of labour increase efficiency and generate synergies
- Each individual requires less capital
- Risk and responsibility shared
- Sparring partners for discussions and joint decisions
Drawbacks
- Increased risk of interpersonal conflicts
- Different ideas and goals of partners must be reconciled
- A partner opting out can threaten the existence of the business
- A partner running into financial difficulty can threaten the business
More information
More information on the topic of setting up a company is available from IFJ Startup Support.