{"id":47461,"date":"2023-10-20T15:53:46","date_gmt":"2023-10-20T15:53:46","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/the-pros-and-cons-of-going-solo-startupsmart\/"},"modified":"2023-10-20T15:53:46","modified_gmt":"2023-10-20T15:53:46","slug":"the-pros-and-cons-of-going-solo-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/the-pros-and-cons-of-going-solo-startupsmart\/","title":{"rendered":"The pros and cons of going solo – StartupSmart"},"content":{"rendered":"
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Deciding to go solo in business might be a no-brainer for some entrepreneurs, but for others the decision is not so easy.<\/p>\n

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If you can\u2019t decide whether to go it alone or find a co-founder, it\u2019s worth weighing up the pros and cons.<\/p>\n

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StartupSmart<\/i> spoke to three entrepreneurs to determine the pluses and minuses of going it alone in business.<\/p>\n

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The pros<\/h2>\n

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More freedom<\/strong><\/p>\n

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\u201cBeing a sole founder has meant I have had freedom in doing things how I have wanted to do them, says Naomi Davis, founder of Treats \u00e0 la Bark<\/a>, a home-based organic dog treat company.  <\/p>\n

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\u201cThings like deciding how I wanted my packaging to look, how the website should look, what flavours I would do, other products I want to stock and how I would market my brand has been great.\u201d<\/p>\n

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\u201cI can follow through on all the visions I see for Treats \u00e0 la Bark.\u201d  <\/p>\n

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Less drama<\/strong><\/p>\n

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According to Ryan Wardell, who founded his former start-up Project PowerUp<\/a> as a one-man show, going solo can eliminate a lot of the risk and drama that comes with having a co-founder.<\/p>\n

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\u201cDisagreements between founders can fuel resentment and slow everything down,\u201d Wardell says.<\/p>\n

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\u201cIf you pick the wrong co-founder, it can be disastrous to the business, especially if they walk away with half the company, leaving you less equity to offer a new co-founder or investors.\u201d<\/p>\n

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Davis, meanwhile, says there\u2019s nothing worse than feeling as if things are out of your control, which can happen when you have a co-founder.<\/p>\n

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\u201cAt least if something is your own fault, you can work out what went wrong and make sure it doesn\u2019t happen again. You can trust yourself to make sure of it,\u201d she says.<\/p>\n

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\u201cBeing on my own has meant that I have not had any risk in someone else\u2019s negligence.\u201d<\/p>\n

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More learning<\/strong><\/p>\n

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Davis points out you learn a lot when you\u2019re on your own, not only about yourself but about business.<\/p>\n

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\u201cThings that you never thought you could do seem to come to you\u2026 You realise the power of passion and how it can drive you into things you never would\u2019ve seen yourself doing,\u201d she says.<\/p>\n

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\u201cThings I have learnt have included basic Photoshop skills, basic coding for my website and marketing. It\u2019s been an incredible time for my own personal growth and I love it.\u201d<\/p>\n

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\u201cNothing beats looking at your successes and realising you\u2019ve done it all on your own. It\u2019s one of the most liberating feelings.\u201d<\/p>\n

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 <\/p>\n","protected":false},"excerpt":{"rendered":"

Deciding to go solo in business might be a no-brainer for some entrepreneurs, but for others the decision is not<\/p>\n","protected":false},"author":1,"featured_media":58532,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,17,21,1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/47461"}],"collection":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/comments?post=47461"}],"version-history":[{"count":0,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/47461\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media\/58532"}],"wp:attachment":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media?parent=47461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/categories?post=47461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/tags?post=47461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}