Andrew Wilkinson compares owning 100% of your business to a dictatorship: you get fast decisions and total autonomy, but you lose critical feedback and risk isolation. Whether it works depends entirely on the founder's personality and discipline.
Owning 100% or owning majority in your business, it's like a dictatorship. And dictatorships can be very good, like Lee Kuan Yew from Singapore, or they can go terribly like Kim Jong Un. And the question is, what's your personality and what's going to work for you? I mean, you can move insanely fast. There's no board, there's no committee. You don't owe anyone anything. You don't have an outcome. You know, you don't have to IPO, you don't have to sell, and you have total integrity. On the cons, I mean, you're on an island. You don't have anyone to really who's aligned and cares and can tell you you're being an idiot. And so you can really drive your business off the rails. And then you also think in a limited way. I know so many entrepreneurs who could 10x their business, but they're so addicted to their dividends or they're conservative, and so they don't.
