I started my first business with a team, who were also investors. However, when we encountered loss, all of the investors left me. I did not have to pay back their investments but I had to pay the business debt. I find starting a business with a team too risky
Starting alone vs. starting with a team
- Thread starter nomad
- Start date
It is also what I have thought. Starting a business will be best for a sole proprietorship. For me, a partnership will make it challenging to operate a particular business.
You were very lucky the contract didn't oblige you to payback their investment. I prefer to start alone than with a team.
When I launch my offline business in the future, I plan to do it solo. I prefer to work independently for now, but maybe I will consider building a team later on.
I don't have a business but if I do start a business, I want to start it with a team - maybe because I want teamwork and to gain experience with the other people.
I think that someone should run their business for a while by himself or herself to be grounded before they can think of getting a business team.
I would agree with you. It is better to start alone and pay mercenaries later to work for you as your business grows.
