top of page

How to Choose Co-Founders & Why it is Important to have them in your Business

Very often businesses go through this dilemma of finding the right co-founder, and in many cases, whether there is a need for a co-founder is also a question. Here's a quick brief summary of why is important to have co-founders in a business.


  • If the founder does not have money to pay but needs the skill, knowledge, experience of someone for his business, he may think of bringing in a Co-founder i.e. offering ownership in Business against fees/salary/charges to someone.


  • Another advantage is, Co-founder brings in his network, resources & vision.


  • He gets paid only when the business succeeds which ensures he/she puts his/her best foot forward with complete dedication, commitment and expertise.


  • One of the many skills of a co-founder is that he/she is supposed to be good in many areas of the business that are consistently evolving or are very critical.


  • Investors feel more secured in a business that is not dependent on just one individual, and they feel assured and more confident when they see a team.

If you are still confused, write to us at nirav@nmshahgroup.com.

4 views0 comments

Recent Posts

See All

Lay the foundation of the business by being teachable. Exceptional people have an unrelenting inner drive to learning new information. It’s in their DNA to be life-long students. They are eager to dis

If you want high potential company, you need to create systems on which the whole work will depend. Your company is a system, and this system requires subsystems to operate normally. If the systems ar

Everyone likes to talk about standard operating procedures (SOPs) and systems, but going from the idea of having them to actually working on them is different. SOPs - Standard Operating Procedures - I

bottom of page