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

 

More from Entrepreneur

Grow Your Business at Entrepreneur LIVE! Join us on Nov. 16 in Brooklyn, NY, to learn from legends like Danica Patrick and Maria Sharapova, pitch our editors, meet with investors, and potentially walk away with funding!
Register here

One-on-one online sessions with our experts can help you start a business, grow your business, build your brand, fundraise and more.
Book Your Session

Whether you are launching or growing a business, we have all the business tools you need to take your business to the next level, in one place.
Enroll Now

Latest on Entrepreneur

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.