Finding the perfect co-founder is like finding a needle in a haystack. You should be patient and look intelligently for a perfect match. Here are some tips on how to find the perfect co-founder.
#1 Proven Track Record
Don’t start interviewing people unless you look at their proven track records. For example, a programmer may tell you that he or she can build a platform. But in reality, probably they haven’t coded for years!
Be honest with yourself. A good business owner recognizes his or her weaknesses and tries to develop a team around those weaknesses. They also don’t hesitate to bring in people who are better than them.
#3 Setting Expectations
You should note down your expectations in writing. For example, how long will the team member try before giving up? When will they quit their full time jobs? This will be a document which will show whether all promises made have been kept or not.
#4 Risk Approach
You must understand one another risk profiles. Risk profiles vary between one person and another. For example, one person may be comfortable without six months salary, whereas, the other may be comfortable without a year’s salary.
You should understand the type of personality of the person. You shouldn’t have similar people in your team. That way, there will be less creativity. It is better to have different people in a group.
You must consider these factors when choosing a co-founder. Remember, you are going to have a long term relationship with your co-founder. So, trust is very important. Look for someone honest and reliable.