The 3 Biggest Challenges Of Being A Solo Founder

It’s one of my biggest fears as a founder, and while it gets easier as the business grows more successful, it never truly goes away. But solo founder loneliness is solitude unlike any other. But the issues and challenges of being a single founder are unique to the job, The 3 Biggest Challenges Of Being A Solo Founder and they can absolutely derail your business. If your target audience is other startup founders then you would have touched these communities in step 1 or 2 already. This is the definition of a sustainable business, some people would even call this product-market fit.

But even if you don’t start then, you should start now because now you have lessons worth sharing. This is more a meta step that you can start right from the beginning. You’ve just created a money-making machine – Where you put in $1 and it spits out more than $1. Find ways to keep the customers you have before bringing in any new ones. If you are building a CRM solution for dentists, maybe you can try to reposition it for chiropractors or gym owners. Even your 100th idea may not be your final idea that takes off as a business.


And later in life, we see success stories all over social media and LinkedIn, but not all the ups and downs that led there. In response to a lack of affordable space in Central London for early-stage startups and in order to give back to the community, we have decided to create SPICESPACE at Techspace Aldgate East. Every single day, we work really hard together on building this business and helping our customers be successful. You will get a more intimate view of what other solo founders struggle with, and how they deal with unique challenges every day. To maximize the number of successful entrepreneurs worldwide by providing relevant education, tools, and practical advice from leading experts in the startup community. The real potential of emotional drag from a co-founder is a little-acknowledged reason to consider solopreneurship.

What is the biggest challenge for start up leaders?

  1. Failure to plan.
  2. Lack of demand.
  3. Ineffective marketing.
  4. Knowledge and skills gaps.
  5. Financial management.
  6. Securing funding.
  7. Hiring the right people.

Sure, you can have others on your team to do that with, but it’s less effective. Being a solo founder, in many ways, stacks the deck against you. You’re left shouldering the weight of every single decision and don’t really have any one to share it with. However, there are some ways to make it easier and, in many cases, it can actually be a major pro to start a company solo. As a result I recommend that if you are a solo founder with non-tech skills that you make sure you have access to at least 1.5–2x what you initially expect it to cost.

How To Properly Deal With a Co-Founder Leaving Your Startup

Don’t make the mistake of creating a team that looks just like you. Talent is talent, but you’ll usually need to consciously seek out people who are different from you to make sure your team is well-rounded. As any sports fan will tell you, even if your founding team is made up of first-round draft picks, there’s no guarantee that your team will succeed. After all, what makes a team great isn’t the individual talent of each member, but how well a team works together. If there’s a massive gap between what you can bring to the table and the expertise needed to get your startup off the ground, then you need to start looking for a cofounder to fill the need. It’s not fair to say that I don’t check on them every so often, but much more from a marketing perspective than from a feature set. I like to see how we can continue to differentiate ourselves in our marketing, so I like to zig when they zag.