2: People

A recent study by researchers at NYU and Wharton found, rather surprisingly, that entrepreneurs who start a business on their own have a higher likelihood of success than those who take on partners. These findings suggest that single founders are able to make decisions quicker and that is easier to manage employees than to manage founder relationships. It is also assumed that multiple owners do not share the same propensity for risk, making bold action more difficult for groups than for a single owner. Moreover, teams are fraught with risk of interpersonal conflict, unequal contributions, and general disillusion of working together.