An important part of building any Startup idea into a successful business, is finding the right co-founder(s), but where do you start?
One thing that can be difficult is finding a middle ground between bringing aboard your clone and an incompatible partner.
When you present yourself with the challenge to find a co-founder who will be by your side for every important decision and milestone of your startup endeavour, it’s easy to make mistakes. You may immediately think, “Right, I need somebody creative, hard-working and intelligent, better look for somebody exactly like me!”, but this isn’t a good idea.
You obviously have to get along with your partner so having the same likes and hobbies is fine. However, when it comes to skills, experience and knowledge, you need someone that can bring something to the table that you haven’t already. If you’re a great public speaker and you can sell the idea, your partner should excel in other areas, e.g. organising and analysing data, or time management. You may find that it’s hard to spot the qualities you’re after in people, so try grouping those qualities into a personality type. If you’re an extrovert, try looking for a partner who’s an introvert, and vice versa.
Share the same vision:
The vision for your startup is where it’s a good idea for both parties to be on the exact same page. It won’t work out if the two (or more) of you are pulling your efforts in different directions. Ensure that your prospective Startup Cofounder understands what you want, and they can fully get on board. This isn’t to say they can’t bring their own ideas to the team, after all, you are joint business owners, but you both need to agree on what is best for the startup. Or, if you disagree, you must be able to compromise to a point where you’re both happy.
Enthusiasm & Determination:
In the same way that defined business goals should be agreed upon, they should also have the same drive to achieve them. They need to have the availability, and the desire, to put in the same amount of effort as you will be. After all, it’s a partnership, and you don’t want to be doing all of the work. Running a startup company is hard work, and it can be draining, so your cofounder must be able to push past all of the ‘no’s to get to that ‘yes’ you both need.
Desire to learn:
People who think that they know it all do not do well in startups. Your potential business partner should admit that there are areas where they can strengthen their expertise, as every startup adventure is an opportunity to learn. Failure should be seen as a learning curve, not an excuse to give up, which links back to determination.
Both of you are bound to have some disagreements and days where you will question your decisions, as with any relationship; but these tips should help you find someone that you can work through any issues.
To sum up, find someone that you are compatible with, as you’ll be spending a lot of time together.
Good luck in your search!
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