Try it alone and you will fail.

There is nothing more essential than your team! When you think about founding a startup be sure to surround yourself with good team members. Over and over again I meet people with good ideas but instead of building a good team and realizing the product, they wanted to do it alone to keep all company shares for themselves. But this is not the way a startup works. Mostly they underestimate the amount of work and finally give up or never give it a try. And there are several simple reasons why you should build a good team.

First of all, you have to find co-founder. Everyone who is convinced of working on your vision, will support and push the idea no matter the odds. Together you give all you have, regardless of the working hours or big amounts of money. Only 1 of 10 startups will survive and be sure that even good ideas can fail. Anyway, it is no disgrace to miss success, but when you fail, fail as fast as you can and at a favorable prize.

Another reason is that no investor is interested in investing money in single founder startups unless you are one of the most experienced entrepreneurs on earth. They do not invest money just in ideas, they invest in good teams. An Investors wants to work with teams whose diversity of skills make them better and not just one guy who wants to be a superhero.

There are many other examples and reasons, but to cut a long story short: Build a team and work TOGETHER to increase your chances of success.

See you next time!


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