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Currently working on a startup with a remote co-founder. We meet maybe 7-10 days in a year. Steps to increase odds of success: a) Honest/open conversation & a
by ASquare 13y ago
Currently working on a startup with a remote co-founder.
We meet maybe 7-10 days in a year.
Steps to increase odds of success:
a) Honest/open conversation & agreement on expectations upfront. No topic can be taboo from the first moment onwards. If you can't even get this far just forget it.
This applies whether the person is your lifelong friend or not. A business relationship if not a friendship.
b) Written agreement on those expectations - including everything from vesting upto what can lead to either one of you getting fired
c) Clear definition of roles/responsibilities, including who has the final say on specific tasks
d) Someone needs to be CEO and have 51% of the company so that when it comes to difficult decisions/disagreements on major strategic decisions, the CEO has the final say and that's that.
e) Have weekly calls (audio/video doesnt matter) to check in and catch up. More calls as needed.
f) Manage tasks/responsibilities using a tool like Trello so that at all times there is complete transparency on who is doing what and by when.
Bottom line communication & transparency is key - and you cannot have enough of both.
Hope that helps