- Creating Synergy for your start-up with co-founder
Creating Synergy for your start-up with co-founder
Dear All, I would like to ask a very simple question to you:
How many people want to start their own venture?
Dear fellow entrepreneurs and aspiring entrepreneurs,
Paul Graham was right when he said- “Empirically it seems to be hard to start a start-up with just one founder. Most of the big successes have two or three.”
The concept of co-founder is very old and there are some examples of businesses with co-founders: like Microsoft was co-founded by Bill Gates and Paul Allen in 1975; Flipkart by Sachin and Binny Bansal in 2007; Snapdeal by Kunal Bahl and Rohit Bansal in 2010 and list goes on.
A co-founder means a joint founder. A co-founder is a full-fledged business partner who is risk taker, having entrepreneurial capabilities and is responsible for designated functions in the company as decided by all co-founders together. For example, one co-founder takes care of marketing and operations function and another takes care of finance, admin and strategy and business planning.
Synergy is the interaction of multiple elements in a system to produce an effect different from or greater than the sum of their individual effects. The term synergy comes from the Greek word synergia meaning “working together”.
So, the word Co-founder Synergy perfectly describes the importance of working as a team where team members from different acumen and training meet to set up a business with common goal of making any product or providing any service with or without profit motives. Please note that start-ups without profit motives are called social start-up where the bottom line is corporate social responsibility (CSR).
It is said that necessity is the mother of invention and that is why entrepreneurs realize the importance of co-founders for all around value creation for a start-up.
You all know that businesses are operating in a dynamic business and regulatory environment where expectation of every stakeholder is changing for more innovative and better-quality products or services. This change has created opportunity for newer areas of service delivery or product development.
New generation of entrepreneurs are at the verge of becoming business pioneers in an eco-system which is made for nurturing start-ups, where opportunities and possibilities are waiting to fulfil your entrepreneurial aspirations.
Entrepreneurs are joining this journey of synergy creation with co-founders who can make a team of rising people led by strong thoughts with good mentorship skills.
I believe that in today’s fast changing and hyper competitive business environment, taking co-founder for your business is not only for synergy creation but it is a lifestyle with the idea of knowledge, innovation, and courageous entrepreneurship.
Co-founders get real satisfaction when they see their ideas coming to fruition. Many start-ups want to make strong networking with ‘other start-ups networks worldwide’ for expansion and more exposure.
Finally, to conclude I would like to say that co-founders take up the challenge of going together not only for making a living but to make a life- ‘the life of a start-up’.
I would like to close with the following cadet maxim:
Care more than others think you should.
Risk more than others think is safe.
Dream more than others think is practical.
Expect more than others think is possible.
And most importantly,
surround yourself with the finest people you can find.
and build yourself a company of giants.
Co-founder & CEO
Trueledger Tech Pvt Ltd
(Trueledger is looking for dynamic co-founders to operate the company at global level. To express your interest, visit the website and fill the details or send email).
- Date of publication:
- Wed, 04/21/2021 - 02:08
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