7 Qualities to Look for in a Founding Partner
Choosing the right founding partner is a critical decision that must be made very carefully. After all, you will spend countless hours with your partner, so it is important that they are the right fit. The success of your company will depend on you and your partner’s ability to be innovative and solve problems quickly. Here are some qualities to look for in a founding partner.
1. Complementary Skill Sets
For your team to be a successful one, you want someone that has a skill set different from yours. It’s important to identify the strengths of your partner and use them to balance out your weaknesses. Essentially, you want a founding partner who brings what you’re missing to the table. Also, having someone that approaches challenges differently will help strengthen your company.
Setting a vision and communicating it lets everyone know what direction they’re going, and it’s important that your founding partner shares the same vision. With startups, there will be ups and downs; however, sharing a long-term vision with your partner will help you get through the challenging times and succeed.
If you’re passionate about your startup idea and you wake up every day having a strong sense of purpose because of it, then your founding partner must also look also at it that way. Passion drives motivation, and you need a lot of motivation when starting a company from the ground up. Make sure that your partner is just as passionate about the company and what it stands for.
4. Personality Match
Creating a company from the ground up is a lot of work, and the stress of it can build up quickly. When looking for a founding partner, make sure to find someone you genuinely like. It’s important to find someone who you work well with and can unwind with after a long day. Having a strong bond will ensure that you’ll stick together when things get rough.
It’s important to find a founding partner that will be able to adjust to unexpected challenges. A good founding partner will keep an open mind and be able to switch tasks when necessary. Someone who understands the flexibility required to start a company will make things much easier.
Your founding partner must have the energy to work because starting a company is not easy. Startups aren’t for the weak and will require someone with the physical and mental energy push through and hang on during the tough times.
Finding an honest, trustworthy founding partner is one of the best things you can do. Be straightforward about what you are looking for in a co-founder, and ask that he or she will be honest with you 100% of the time. Having their commitment will ensure that your startup is launched in the smoothest way possible.
All in all, it is essential to find a founding partner that you can trust, and one that is committed to the company’s vision.
Although there is no such thing as a perfect founding partner, looking out for qualities like the ones listed above will ensure that your partner is willing to work just as hard as you do to build the company.