Infographic: Do You Really Need A Co-Founder?

Here's how to find out whether on-boarding a co-founder is in the best interests of your startup or not.


You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media.

Should you start a business with a co-founder? Or is going solo the right decision for the long run? To answer this age-long dilemma that has often plagued the minds of entrepreneurs, the team at OnDeck, a US-based online financial lending platform for small businesses, conducted a nation-wide research in June 2022.

Among the many themes the report delved into, the main topic of contention revolved around the perceived advantages of having a co-founder, and whether they held out in the long run. The team surveyed seasoned entrepreneurs, business owners and academics to create a series of infographics and flowcharts that help entrepreneurs decide on whether on-boarding a co-founder is in the best interests of their venture or not.

The following infographic is a culmination of four separate flowcharts that deconstruct the following topics: the challenges of going solo, the data behind co-founding partnerships, the analysis of whether a co-founder is truly needed, and the pros and cons of having a co-founder. For more information on how the research was conducted, and other information, please click here.

Source: OnDeck

Related: An Investor's Viewpoint: Here's What Entrepreneurs Should Look Out For In 2023

Related Topics


50 Work-From-Home Jobs that Pay As Much or More than Average Salary

If you're tired of driving to an office and would love to work at home, there are plenty of high-quality full-time work-from-home jobs for you.

Thought Leaders

5 Small Daily Habits Self-Made Millionaires Use to Grow Their Wealth

We've all seen what self-made millionaires look like on TV, but it's a lot more subtle than that. Brian Tracy researched what small daily habits these successful entrepreneurs adopted on their journey from rags to riches.


Improving Yourself Takes 9.6 Minutes of Work Each Day

Micro-habits are the antidote to a chaotic world, offering a pathway to sustainable change.

Starting a Business

How To Raise Capital For A New Business Idea

These practical methods and tools are available to entrepreneurs who want to raise money to create their own new businesses.

Business News

How to Make Money Online: 32 Proven Ways to Make Extra Money Fast

See how you can make money online, plus more details on how to bring in the bucks quickly.