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What are the downsides of being a solo founder?

Having only yourself to rely on can be so stressful sometimes, a lot of the time.. I know there are many challenges ahead. Are any of you solo founders? If so, what are the cons that you had to deal with, and how did you overcome them. However, there are some upsides to being a solo founder as well. I am a solo founder myself and would like to hear back from people who have been in my shoes before. Making decisions about everything to come your way isn't always the easiest thing to do by yourself.

7 Replies

Dane H. Madsen
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Dane H. Madsen Entrepreneur • Advisor
CEO, SVP Business Development | Domestic & International, Product Marketing | Open to new connections
Just because you are a solo founder does not mean you have no sounding boards. Pick your team wisely and have a clear vision, mission, and ambition. Dane Madsen Dane@DaneMadsen.com [removed to protect privacy] Mobile Sent from my mobile device. Forgive typographical and grammatical errors.
Andrey Stegno
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Andrey Stegno Entrepreneur
Founder at Cardsaround
I am solo founder and try to find a partner because now I understand how difficult to grow alone
Brian DeVore
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Brian DeVore Entrepreneur
VP, Healthcare Thought Leader, Change Agent, Strategist
Biggest challenge of solo is the perception that if you cannot find fellow founders who believe in your idea, how will you ever convince customers that your idea holds water. Building out your team is essential but difficult. I assume you are on this website to do so. It takes time and don't compromise. It will take a lot of coffee/tea chats to find the right combination. If you cannot locate another founder, take a hard look at your idea or go to a VC with the intent of asking their advice and clarifying you do not want to even discuss money. Hope some of this helps.
Andrey Stegno
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Andrey Stegno Entrepreneur
Founder at Cardsaround
"how will you ever convince" - easy, just publish in blogs and read comments. There is another problem with co-founder that he can give up but wait for your success
Danish Want
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Danish Want Entrepreneur
Sr. Consultant - CRMNEXT
I dont think there should be any downside of solo founder as long as they are like minded people.Initially you may find it hard to find founders but before even finding one try to know someone who believes in what you believe in and also who is passionate about the vision and mission of the company as you are. That will help you alot. The people from same experience, background can be of great help.
John Hall
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John Hall Entrepreneur
Founder and CEO at Simple Robots
Hi Bhavna,
I'm currently a solo founder. Beyond the normal challenges, three areas have really hurt me. First, without the perspective of a co-founder, I haven't noticed several issues that really should have been obvious much sooner. Second, without the accountability of a co-founder, it's been hard to devote as much time and energy to the important tasks that I'm not good at as to the tasks I am. Finally, without the support of a co-founder, it's hard to find the time to get ahead of problems and out of firefighting mode.

The most valuable thing I've done to combat these is to find good advisers, meet with them regularly, and really dig into their advice. However, these things have been difficult to overcome by myself, and I'm currently looking for a co-founder.
Jen Fuerte
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Jen Fuerte Entrepreneur
Founder at TeachrTec
Hi Bhavna - a quick note, in addition to good advisors to help with the decision making, find good people to come on board to work with you, under you. This way you should have them do the tasks that are not your strong point.
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