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6 Practices for Nurturing Co-Founder Relationships

23 0
30.07.2024

It’s likely that you launched a company with a good friend, an indispensable co-founder who perfectly balances your skillset. In fact, launching a company with a friend is not uncommon — who else would you trust with your life savings and big ideas to conquer the world?

Unfortunately, you might be contemplating a split that could spell the end of your business. Research shows that 65% of companies fail due to leadership team conflicts (Wasserman, 2012). Even with the best product or service and substantial profits or impact, difficulties in maintaining boundaries and outdated skills among trusted partners can often lead to conflicts, jeopardizing the business’s future.

So before breaking up with your co-founder, consider nurturing the magic that got you there.

Emotional capital is the bank of emotional strength and resilience that individuals, especially business owners, can draw from to thrive in both personal and professional environments. It includes key attributes like self-awareness, emotional regulation, empathy, and the capacity to build and maintain positive relationships (Gupta, Bakhru, & Shankar, 2023; Dawda & Hart, 2000; Day & Carroll, 2004).

Supporting your co-founder's emotional readiness can directly impact your........

© Psychology Today


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