Starting your business, especially the first one, is like starting a new life. If you are sure of what you want to achieve, you would soon find yourself thinking and talking about your startup all the time, as if you were living in a new world. This is where you need someone who could share your vision, help you strategize better and work with you to make the plan work on ground. This could be your first key employees, a mentor or better still, a co-founder.
A co-founder is someone you can trust and fall back on. Some entrepreneurs prefer to tie-up with their old college friend or a colleague they know quite well, provided they have the right skills. Some bring their spouses or siblings on board, if they share the same vision. However, the worst thing that you can do to yourself and your startup is to make someone a co-founder only because he/she is “known” to you. Business is about hard facts and numbers, it is not a boat ride or a mountaineering trip. So, you got to be cautious as to whom you want as a co-founder. A right co-founder can add a lot of value and make your entrepreneurial journey worthwhile while a wrong one can rock the boat and leave you gasping for breath.
If you are looking for a co-founder, ask yourself some quick questions:
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