It takes a special kind of person to decide to found astartup.
The long hours require energy, devotion, and continuous motivation.
Butfoundersare human just like the rest of us.
These range from poor decision-making and conflicts between co-founders to hiring and keeping the right people.
(And, to be honest, Im surprised the statistics arent higher.)
Founders who can recognise and be in control of these common statistics will be much more likely to succeed.
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In the end, their findings were condensed into seven common traits shared amongst the most effective founders.
But can we really whittle success down to just seven traits?
The same can be said for co-founders.
According to the findings of the Effective Founder study, co-founder conflict results most often from unmet expectations.
When these expectations arent met, conflict ensues.
Throughout life, our motivations for doing work changes, Scott says.
There might be a time in our lives when were focused on making an impact.
Then, five years later, I may have a large family and need to focus on income.
Are we doing this for the impact, intellectual stimulation, or do we simply want to make money?
How fair does this partnership feel overall?
For him, theyre all a really critical piece of the puzzle.
Although KPIs are a common tool, so many teams struggle to actually get them right.
