This Business News Story Was Uncovered By Us From: http://www.youngupstarts.com/2018/11/22/5-communication-hacks-for-startup-cofounders/
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by Saeju Jeong, CEO and Co-founder of Noom Coach
Many friends who start a new business together often end up going their separate ways, leaving the company to collapse and the relationship to turn sour. However, this isn’t to say that a partnership – and new business – can’t last if handled correctly.
I should know – I’ve done it.
Ten years ago, I decided to launch a weight loss program with my best friend, Artem Petakov. Today, our program, Noom, is a bonafide health empire that’s helped over 47 million people live longer, healthier lives – and counting. Although the odds were against Artem and I, we managed to succeed.
Over the years, we’ve been able to understand some of the reasons that co-founderships fail — and more importantly, why a few, like ours, succeed. Here, I outline five principles all co-founders must agree on before working together.
1. Divide your responsibilities and carve out clear roles.
One of most critical things you should consider before jumping into a co-foundership is partnering with someone who can make up for the qualities you lack. It’s important for co-founders to each have their own personal strengths in a business so they can divide the responsibilities and succeed in their… Read More
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