Several potential issues can arise, e.g.:
These issues can lead to confusion, tension and resentment, which in turn can create obstacles in the management of the startup and hinder its development.
It is therefore crucial for co-founders to formalise their relationship and to ensure that they are in for the long run. Here are some steps that co-founders can take to structure their relationship:
Overall, by defining roles and responsibilities, establishing a clear decision-making process, and drafting a founders’ agreement, co-founders can set the foundation for a successful and long-lasting partnership and ensure that they are all moving in the same direction. Add to that mutual respect, transparency and positive communication, and you have the recipe for a healthy relationship between co-founders!
You want to structure the relationship with your co-founders and make sure you are all working towards the same goal? Don’t hesitate to contact Stéphanie Abiraad.