Starting Up

Before Starting a Company With a Partner, Ask Yourself This Question

Guest Writer
4 min read
Opinions expressed by Entrepreneur contributors are their own.

One of the most common reasons startups fall apart are disputes between co-founders.

“I’ve heard about so many people being burned in terms of partnerships,” says Jason Lucash, who, along with Mike Szymczak, co-founded audio consumer company OrigAudio.

For him, it’s simple: If you don’t trust someone with access to your bank account, don’t start a business with that person.

While Lucash and Szymczak’s relationship works on multiple levels -- “I’m the guy who's up in the clouds, and Mike makes things happen all day, every day” -- without that rock solid foundation of mutual trust, their company would have crumbled long ago.

To learn more about why Lucash and Szymcak’s partnership has been so successful, as well as who the pair turn to when they need to settle a dispute, check out the above video.

Related: Why This Founder Asks Job Candidates What Jelly Bean Flavor They'd Be

 

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