Running into this article on Business Insider website, I though about Class 18: Sauder Alumni and various things that Ian, Nolan and Cathy touched upon while giving their side of starting and running a business. As the Sauder Alumni and Hoffman describe, an entrepreneur is a very diverse position, which requires the person carrying the title to be able to compromise and know more than any other person working for her/him. Based on these opinions and stories, I believe that starting a business as a team is better than starting a business on your own.

Entrepreneur is seeking for the competitive advantage to differentiate his firm and idea from others in the market. This task is very difficult to tackle solo, therefore many entrepreneurs opt for finding co-founders and a group of people who are able to make the start-up successful, by brining in a number of various skills and mindsets. Having more than one person on the leadership team helps with having to make decisions, as they tend to be not one sided, but carefully weighted against other arguments suggested by the business partners. As a general rule the decisions produced as a team are more logical and successful in the business environment.

By working together with a number of people, an entrepreneur also tends to keep his idea in line with his/her company’s ability. Since entrepreneur is a person who is passionate and strongly driven to thrive to achieve his goals and ideas, he often reaches over the limit of reasonable and attempts something that is either not logical or even harmful to the company. Working with a number of people, with different personalities and goals helps to keep the original entrepreneur from making vast decisions and harming the business.