7 Tips For Healthy Cofounder Relationships14 Jan 2016
- Define the Relationship
A solid co-founder relationship depends on how clearly you have defined your roles. It is important to make sure all co founders are on the same page about whose roles are what, and who will take responsibility and ownership for which aspects of the business, and have authority over them. All these should be documented on paper.
- Stay focused on your own projects
Co-founding a business comes with many responsibilities and a lot on your plate, it can be easy to get distracted and lose track of what’s important. There are many things you need to do, and you have to focus on your core responsibilities. Focus on your own tasks and don’t worry what your co-founders are doing.
- Agree to disagree
All the co-founders should understand that it’s okay to disagree about certain things and have a rational argument where you can voice your opinion even if it opposes that of the other founder(s). The best ideas often come from differing opinions.
- Address issues
According to Richard Branson, “there is no better way of sorting out a difference of opinion than with a good-humored, strong debate — and maybe a stiff drink or two!” Sometimes you might reach a stage where you really cannot agree with each other. The key to solving these issues is communication, understanding the conflict and resolving it, and reminding yourself of the big goal ahead, to put things in perspective.
You should spend some time in getting to know your founder before starting up together. This will help you both understand what kind of relationship you will have working together. You can investigate and work on learning your co-founder’s communication style so that issues can be handled quickly. Do they have a temper, do they think before they speak, are the respect of your views, can you agree to disagree, are you both willing to hear each other out?
- Don’t take things personally
When you disagree on something, know that it is just each other’s opinion you are disagreeing on and it’s not personal. If there is something you take personally, let the other person know what’s bothering you and take actionable solutions.
- Importance of constant communication
Make it a point to touch base regularly to keep each other informed where you are with respect to your daily or weekly goals. Make sure communication is open and regular and the environment feels open.
It is always better to have good founder relationships as they bring varies skills to the table. In order to grow an effective and efficient co founder relationship, work on your communication and goals. Be serious about nurturing the relationship and also your patience. And also have a sense of humor.