+91 70111 97831
  • About us
    • Data Analyst Team
    • Magazines Sections
    • Editorial Team
  • Advertise with us!
  • Business review
  • Guest writers
    • Guest Contribution
  • Subscription
  • Career
  • Testimonials
  • Contact Us
Friday, September 29, 2023
International Magazine
Business Connect Magazine
Upcoming Event
  • News
  • Magazine
  • Interior Design
  • Press Release
    • PR Enquiry
  • Success Stories
  • Guest Posts
  • Launchpad
  • Blogs
  • Testimonials
No Result
View All Result
  • News
  • Magazine
  • Interior Design
  • Press Release
    • PR Enquiry
  • Success Stories
  • Guest Posts
  • Launchpad
  • Blogs
  • Testimonials
No Result
View All Result
Business Connect Magazine
No Result
View All Result

A study of 3,526 Companies shows 1 Decision Makes Start-ups More Successful

Ravi by Ravi
January 18, 2020
in Blog
Start-ups More Successful Entrepreneurs| Business Connect

Start-ups More Successful Entrepreneurs| Business Connect

Share on FacebookShare on Twitter

“A study of 3,526 Companies shows 1 Decision Makes Start-ups More Successful. Most Founders Do the Opposite.”

If you ask entrepreneurs what is the nature of business? They would probably tell you that it is synonymous with risk. A good entrepreneur wants to know about their odds of success Before putting considerable resources in the market because nobody knows that their plan works out or not. Also, there are a lot of entrepreneurs who have a dream to run an organization like Amazon, Flipkart, and google. to start like these companies, you need two and or more people to run a big business. However, there a lot of research shows that one founder can do better business than two or more. I got surprised when I saw research of NYU and Wharton School. Their research specifies that entrepreneurs who start a business by their self, they are likelier to successes than those who have started the business with a partner

But, aspiring founders have pretty much opposite opinions about that because they have said that no one can be good at everything. this is really true. you might be good at marketing expert but you don’t know about managing cash flow. You may have the ability to build a great product but not set a valuable price for your customers. So, if you are sticking up with someone who has strength in a specific area where you have not got there, it isn’t a bad idea.

What surveys say

If we see in a logical way, it has enough reason to believe in it. A common person – even experts also see in this way entrepreneurship. In fact, investors and VCs would like to fund those companies which have been running with the team rather than solo fonder. You can say it is kind of an ingrained belief. But if we see a survey, it is also dead wrong belief. Two men Jason Greenberg from New Your University and Ethan Mollick from Wharton school, they sent surveys that around 65,000 businesses started on Kickstarter over a seven-year period. More than ten thousand finished the research, the researchers made less wind their focus to project looking a significant amount of funding, it could be utilized for starting a real business, also wound up with 3,526 businesses which started with a solo founder or with a partner.

Since investor goes with multiple fonder than solo one, A lot of entrepreneurs have started this tradition. They also got that multiple founders could make business more profitable than a single one. So, you might be thinking that it can give founding teams a benefit over solo entrepreneurs. Here you have wrong thought. It has seen that starting companies with a small stake and single founder are more likely to still be in business than those who are running the business with partners. Although, two partners can indeed raise more money than solo business founders. However, you might be surprised by knowing some studies that a solo founder has higher revenue than those with two or more.

To know more about it, the researchers have expanded their scope and started seeking data from Crunchbase and they got to study from entrepreneurial their Dynamics from the university. Although all researches haven’t been completed yet. Pro, Greenberg mentioned that Street Journal that preliminary study: companies do well over time with single founder than multiple partners. Not only these studies but also there are tons of research shows that a single founder launched the product with a free mind and has got great success.

Why companies with single founders more likely to survive?

Multiple partner costs, more than companies with a single founder especially when founders are drawing salaries. In general, it cost so much like phone service, office space, traveling and so on. Of course, you cannot avoid anything at all. after all these costs are mandatory. Reports have shown leadership dynamics. Starting a company with partners can take benefit in terms of wider expertise. However, a single business founder can hire others to provide expertise. On the other hand, it much easier to make a decision for one founder but two or more founders can take much time before launching service.

Now you have enough reason to start a business by yourself. if you are thinking to start a new business. I would say make a plan by yourself and launch in the market.

RelatedPosts

Top 15 Emerging Jobs

Top 15 Emerging Jobs

Everything You Need to Know About Dollar Exchange in India

Everything You Need to Know About Dollar Exchange in India

The 10 Largest Stock Exchanges in the World by Market Capitalization

The 10 Largest Stock Exchanges in the World by Market Capitalization

How to Deal with Post Traumatic Stress Disorder – PTSD Explained

How to Deal with Post Traumatic Stress Disorder – PTSD Explained

How Leaders Can Foster a Sense of Belonging in the Workplace

How Leaders Can Foster a Sense of Belonging in the Workplace —and What is Its Significance?

Top 10 Best Robot Vacuums for Every Home and Budget

Top 10 Best Robot Vacuums for Every Home and Budget

Top 10 Best Tech Gifts for 2023-24

Top 10 Best Tech Gifts for 2023-24

Ten Best Computer Speakers in 2023

Ten Best Computer Speakers in 2023

Previous Post

The Importance of IT in the Business Sector

Next Post

Nitin Godse – The founder of Excel Gas & Equipments

Next Post
Nitin Godse – The founder of Excel Gas & Equipments | Business Connect

Nitin Godse – The founder of Excel Gas & Equipments

Top 10 Best Companies to Work in India 2021 | Business connect

Top 10 Best Companies to Work in India 2023

Most Expensive Cities For Luxurious Lifestyle | Business Connect

World’s 5 Most Expensive Cities For Luxurious Lifestyle

Xebia Global Services | Business Connect

Xebia Global Services

How do you identify your target customers? | Business Connect

How do you identify your target customers?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent News

Friday's Top Day Trading Picks: Six Stocks to Watch on September 29

Friday’s Top Day Trading Picks: Six Stocks to Watch on September 29

Exploring the World of Forex Trading: Key Tools and Trends in India

Exploring the World of Forex Trading: Key Tools and Trends in India

GBHERMES

GBHERMES

Tesla's Rival VinFast Auto Plans Major Investment in India's Thriving EV Industry

Tesla’s Rival VinFast Auto Plans Major Investment in India’s Thriving EV Industry

Friday's Top Day Trading Picks: Six Stocks to Watch on September 29

Friday’s Top Day Trading Picks: Six Stocks to Watch on September 29

Exploring the World of Forex Trading: Key Tools and Trends in India

Exploring the World of Forex Trading: Key Tools and Trends in India

GBHERMES

GBHERMES

Tesla's Rival VinFast Auto Plans Major Investment in India's Thriving EV Industry

Tesla’s Rival VinFast Auto Plans Major Investment in India’s Thriving EV Industry

GUNJA TEXTILES MANUFACTURING COMPANY

GUNJA TEXTILES MANUFACTURING COMPANY

Top Stock Picks for September 28: Vaishali Parekh's Recommendations

Top Stock Picks for September 28: Vaishali Parekh’s Recommendations

Friday's Top Day Trading Picks: Six Stocks to Watch on September 29
Stock Market

Friday’s Top Day Trading Picks: Six Stocks to Watch on September 29

Exploring the World of Forex Trading: Key Tools and Trends in India
Guest Posts

Exploring the World of Forex Trading: Key Tools and Trends in India

GBHERMES
Lounge interview

GBHERMES

Tesla's Rival VinFast Auto Plans Major Investment in India's Thriving EV Industry
News

Tesla’s Rival VinFast Auto Plans Major Investment in India’s Thriving EV Industry

GUNJA TEXTILES MANUFACTURING COMPANY
Lounge interview

GUNJA TEXTILES MANUFACTURING COMPANY

Business Connect is a business magazine whose name is derived from Business Community which connects entrepreneurs, executive officers and VCs. With a mission to have one of the highest readership figures of senior-level executives and investors in India, Business Connect brings its edition on monthly basis.

Follow Us

Recent News

Friday's Top Day Trading Picks: Six Stocks to Watch on September 29

Friday’s Top Day Trading Picks: Six Stocks to Watch on September 29

Exploring the World of Forex Trading: Key Tools and Trends in India

Exploring the World of Forex Trading: Key Tools and Trends in India

Contact Information

Address: 701, Vishwa Sadan Building, Janakpuri West, New Delhi-110058

Phone Number: +91-11-41065208, 42636209

Contact to Get Feature as Guest Post : info@businessconnectindia.in

Mail: abhishek@businessconnectindia.in / events@businessconnectindia.in

  • About us
  • Why us
  • Healthcare
  • Guest writers
  • Career

© 2020 All Rights Reserved by Business Connect India

No Result
View All Result
  • News
  • Magazine
  • Interior Design
  • Press Release
    • PR Enquiry
  • Success Stories
  • Guest Posts
  • Launchpad
  • Blogs
  • Testimonials

© 2020 All Rights Reserved by Business Connect India

Need Help? Chat with us
Start a Conversation
Hi! Click one of our member below to chat on Whatsapp
The team typically replies in a few minutes.
Ashish Kumar
Sales & Support