Research evidence suggests team-founded businesses tend to outperform solo-founded firms.

Question

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Research studies have shown that team-founded businesses tend to have better chances of success and outperform solo-founded firms. This is because teams can bring diverse skills, perspectives, and experiences to the business, which can lead to better decision-making, increased innovation, and improved problem-solving. Additionally, teams can provide emotional support, motivation, and accountability, which can help sustain the business in the long run.

Research Evidence Suggests Team-Founded Businesses Tend to Outperform Solo-Founded Firms