Hire Top Co-founders
from Singapore
A co-founder is an entrepreneur who works with one or more other co-founders to establish and direct the activities of a business startup. This is a dynamic role with responsibilities that can include identifying market opportunities and products that can fill a specific niche, developing business plans and forecasts, and participating in early marketing activities to build brand awareness and excitement for a company or product.
Before a product can enter the market, a co-founder needs to identify opportunities or areas where consumers may want or need a product that does not yet exist. A successful co-founder takes a big-picture view of their market segment or industry, identifies what is working and what needs are not yet being addressed, and determines whether that market presents an opportunity to establish and grow a successful company within that space.
A co-founder also plays an important role in product development and implementation. In the early stages of a new startup, a co-founder takes a very active role in developing a product, determining specifications, and bringing that product into production, whether it’s a physical product or a digital solution (such as a website or application). This aspect of the role is hands-on and critical, as successful product development can determine whether a new venture is ultimately successful.
Co-founders are also responsible for conducting early marketing and promotion for their products. Well before a product arrives on the market, co-founders need to network and build anticipation for their products to ensure that there is demand once the product moves into production. This part of the job can include building a social media presence, crafting press releases, and attending industry events to build word-of-mouth.
Co-founders are in charge of developing financial estimates and setting milestones and timelines. A co-founder estimates the cost to bring their product to market, develops financial plans to determine break-even points and ensure long-term solvency, and sets budgets as the company grows. Part of this role can also involve seeking out additional funding and investors for a new venture.
Another responsibility of a co-founder is creating business plans and important documents, which can include financial information, hiring documents, and business registration materials. Co-founders work together with legal experts to structure their businesses and create legal documents that outline each co-founder’s responsibilities, shares of equity, and terms of a partnership or corporation.
As a company grows, a co-founder also needs to build and lead effective teams. This aspect of the role involves high-level decision-making as well as the ability to identify areas where it benefits the company to bring in new personnel. The ability to inspire and lead teams helps companies scale up as their market share increases and helps hire and retain staff members who are dedicated to the company’s success.
1. They Take Things Off Your Plate
Rather than having a plate piled high with so many issues that you feel overwhelmed, you can scoop some of those up and put them on your co-founder’s plate, especially when they have the expertise or skill set to get those issues resolved quickly. Splitting up the workload means that projects can get done faster and your company can continue to run smoothly.
As your business begins to grow, you’ll always face new challenges, from hiring the right people to deciding on the best marketing automation software. You’ll need a solid network of experienced professionals to ask for advice so that you can make the best decisions for your company. A co-founder will have additional connections as well as unique expertise to help ease these growing pains.
Co-founders hold you accountable too. It is easy to put things off, let quality slip or let the ego go out of check. These relationship dynamics push the company to progress faster and make the company stronger.
Entrepreneurship can be a lonely journey but having a co-founder provides the other partner with more relevant reasoning and opinion. It is also an avenue to bounce ideas off it. It allows a business to grow in areas where it goes far beyond the capabilities of one individual.
Co-founders help to put in place strategies for re-positioning and localizing a business to fit a particular jurisdiction. They contribute skills, strategy, execution, ideas, insights, their network, emotional support, residency statutes, and citizenship statutes, especially when trying to bring in the first few million in revenue. A co-founder pretty much fills all the C-level roles. Having a co-founder can help share the vision and scale the company to the next level.
Great co-founders push you not only on a professional level but on a personal level. Once you “fall in love” with working together, you will find that you have genuinely become a better person. They transform you in ways that no other mentors or colleagues possibly can, and as a result, unleash your true potential beyond what you could have ever imagined.
Having a co-founder means you are always in the same boat. A partnership helps you check your ego and run through different scenarios before making tough calls. As a business leader, it’s incredibly valuable to avoid isolation.
While you may not want to take a break, it’s necessary to help you recharge. Having a co-founder means that there is someone there who you trust to “watch the store” while you are gone and who you know will keep productivity high. This gives you some time to physically and mentally recharge so that you can also fill in for your co-founder.
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How are Topptalent Co-founders different from others?
How do I protect myself if the co-founder wants too much influence?
At Topptalent, we provide incubation support to ensure that risk/rewards/responsibilities are appropriately allocated between each co-founder. For e.g a co-founder is allocated 30% equity in your venture and would only hold the equivalent in voting rights, thereby allowing you the final say in making board decisions.
Can I hire co-founder in less than 48 hours?
Are there subsidies if I hire a co-founder for my company?
What is the no-risk trial period for co-founders?
You can begin each engagement with a trial period of up to two weeks. This means that you have time to confirm the talent will be successful. If you're completely satisfied with the results, we'll bill you for the time and continue the engagement for as long as you'd like. If you're not completely satisfied, you won't be billed. From there, we can either part ways, or we can provide you with another expert who may be a better fit and with whom we will begin a second, no-risk trial.
How do I hire a co-founder?
The first step is understanding that you need to secure co-founders to expand, followed by the next step - to identify a co-founder who has the experience level necessary to help you define the goals you want to achieve. We usually onboard a talent within 1-4 weeks after going through the steps in the process.
Co-founders are essential to expand to new jurisdictions