Ahmed AlSawafiri, Founder, Startup MGZN
I wouldn’t say its’ absolutely necessary but is for sure of great value. One plus one in my opinion is far beyond two and that’s what you discover when you work with a cofounder. The diverse knowledge, access, network and capacities you both have make you much stronger. The tricky and critical part is maintaining a healthy relationship while going through a tough, challenging and stressful startup journey!
Ehsan Alkooheji, General Manager, Kooheji Systems
I assess my progress every single day by asking one simple question: Am I happy doing what I am doing? One of the most important factors I considered when starting my own business was to do something I enjoyed and found constantly rewarding. I often put myself before the business, and believe that self-actualization will ultimately lead to the success of the business. I only sign clients I enjoy working with and projects I find stimulating, in order to deliver the best work possible. I want to come to work every day feeling excited and glad to be in this position. I have found that this strategy of focusing inwards first leads to delivering the best results, and ultimately leads to the financial success and growth of the business.
Eyad Ebrahim, Director, Web Avenue
Co-founders are more common in tech startups where collaborative design and divers skill sets are key to creating a marketable product. Techies, for example, will look for a co-founder with business and media skills who will package the product, manage its image and generate revenue.
Co-founders or partners will own a significant share in your venture and you will have to work with them every day as a unit for a long time so compatibility is key. My first venture was a gaming retail concept that didn’t take off mainly because partners didn’t mesh and couldn’t work together.
Wafa AlObaidat, Creative Director, Obai & Hill
I don’t think a business partner is necessary to start a business, because there are many case studies showing that successful businesses can be started by a single person. However, it is also true that the right partner can add significant value to a startup business. A partnership could mean that two people compliment each other in skills and experience, and also share the workload. Startups based on partnerships are more likely to succeed and achieve their objectives, as long as the partners are unique enough to be different, but not different enough to disagree.
Yazin Alirhayim, Entrepreneur
Imagine having Steve Jobs as your partner. Or Peter Thiel. Or Elon Musk.
There’s a difference between having “a” partner and having “the” partner on board.
If you’re going to get a partner, get someone that can help you succeed. That can help you move mountains, and share some of the burdens.
The last thing you want to do is get a partner because you read someone write somewhere that you needed one.