Job sheet

co-founder: job, missions and salary

Co-founder roles and responsibilities

The roles and responsibilities of a co-founder may vary according to the needs and ambitions of each project. However, these points are common to all co-founders:

Establish and maintain the project's long-term vision. Co-founders are responsible for developing broad strategies to ensure the company's success.

Commit to developing the product or service. Co-founders must define the scope and functional specifications of the product and ensure that it is implemented correctly.

Find partners and investors. Co-founders must develop partnerships and relationships with investors to support the project.

Recruit and manage staff. Co-founders must define the positions and profiles required, and recruit and manage staff to ensure that the team is aligned with the company's vision and mission.

Manage finances and budget. Co-founders must define and manage the budget and monitor the company's financial viability.

Develop marketing and communications strategies. Co-founders must communicate with different target audiences and implement strategies to promote the product or service.

Develop sales and marketing strategies. Co-founders are responsible for determining the tactics and methods to be used

Co-founder's salary and career development

The salary of a co-founder / co-foundress is highly varied, and depends on a number of factors such as experience, skill level and type of company. However, in France, we can estimate that the gross annual salary for a co-founder / co-foundress can be as follows, depending on years of experience:

0 to 2 years: Approx. 40,000 euros

2 to 5 years: Approx. 70,000 euros

5 to 10 years: Approx. 100,000 euros

10 to 15 years: Approx. 150,000 euros

Over 15 years: Approx. 200,000 euros

Co-founders looking for a new career opportunity can consider the following professions:

Project Director

Strategy Director

Operations Director

Innovation Director

Marketing Director

Advantages and disadvantages of co-founding

Advantages

A high level of remuneration - As a co-founder, you'll have access to a share of the company's profits and tax benefits.

Greater autonomy - Being a co-founder gives you the freedom to make important decisions about your company.

Learn new skills - A co-founder will need to learn new skills, such as team management, marketing, finance and sales.

Be part of a network - When you're a co-founder, you have the opportunity to develop links with entrepreneurs, investors and customers.

Do what you love - The greatest advantage of being a co-founder is being able to do what you love and are passionate about.

Disadvantages

Time and energy invested - Being a co-founder requires a great deal of personal investment, both in terms of time and effort.

Financial risk - As a co-founder, you're taking a financial risk and could lose your entire investment if the company isn't a success.

Responsibility and pressure - As a co-founder, you are responsible for making decisions and managing the various aspects of the business.

Difficulty finding investors - Finding investors who are willing to invest in your business can be difficult and frustrating.

Competition - There's a lot of competition in the business world, and you need to be able to stand out from other co-founders and entrepreneurs.

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