Finding a co-founder requires many things to take into your consideration, as it is equal to finding your spouse. You must understand the seriousness before you make the decision. Although you take all the precautions, there is nothing to guarantee that your co-founder will be the right partner for you. It is only through hope you proceed in spite all analysis and background works.
Remember, accepting someone as your co-founder is not as easy as you think. This is because, he not like a co-worker, and although the share holding is not equal, he is still going to be your equal partner in your business and decision making. He will also interfere in every strategy planning, dealing with challenges and in any new venture. The success or failure depends on the relationship you maintain with the co-founder and his personality to cope up with your objectives and business goals.
Here are 5 things to take into consideration before getting your co-founder;
Kind of co-founder you are looking for
You must first be clear with the fact about what kind of co-founder you need. You must certainly look for someone who is meticulous and methodical. He must also be exuberant and outgoing.
Understand his complementary skills
One of the most common responses to expect from the co-founder is his complementary skills. Look for someone with good strength to balance your weakness and vice versa. For instance, if you are good in management or sales, then look for someone with good technical knowledge.
Something you must expect from the co-founder is the mutual respect. This is very important for a smooth and respectable relationship between the partners. This will also increase the strength and interest to continue with each other
Alignment of your passion and mission
Your cofounder must have equal interest, passion and the mission to grow the business to top position, rather just focusing on the profit.
Your co-founder must be flexible with your and open minded in discussion any issues, decision making or setting new goals.