Qualities of "The Perfect Co-Founder "

‘You may be smart but there’s someone out there who’s smarter than you’.  Traits like intelligence, creativity, credibility, sensibility and others that I’ve failed to mention are always sought after in an individual who can aspire and inspire others to achieve greatness. The phrase ‘one man army’ exists for a reason—people have done feats unimaginable single-handedly. Innovation is the result of a person’s ideologies and idiosyncrasies, who molds it further with his ability and capabilities. But if you turn through the pages of history, all examples have one thing in common—teamwork. If you still have residual doubts, the world of technology has ample illustrations proving the point. The conglomerates gracing the Fortune 500 list came into being as the result of multiple minds aggregating together. In some instances, only one guy in the team had hogged the limelight but those hidden behind the curtains, concealed from the public’s attention, had a significant if not equal part to play in the success of these ventures. In the world of entrepreneurship, it’s difficult to establish a revolutionary business setup unaided and unassisted; teamwork is imperative here.

So, when the budding innovator is on the lookout for that person with the same vision and pursuit, certain indicators and tips can make the task at hand simpler with the results being even more satisfying,  because what can be better than a perfect crime partner in your business. Lt us see the complete aspects of- Qualities of "The Perfect Co-Founder ".

Here are some aspects to look for the perfect crime partner /cofounder :-

1. Similar vision and goals

Birds of same feather flock together, as it said means the one who understands you the best can take you the farthest. Alignment of targets is concordant with higher gains. If an enterpriser can find another visionary striving to seek success in the same realm, then the  path becomes easier and smoother  because it becomes  simple  to tackle difficult situations; the ups and downs that ensue on course of rolling out the product or service are better handled as a team, with the team members working in the same direction.

2. Credibility

The efforts put over the past few months is taking shape, the prototype is nearing completion and it’s just a matter of few hours for the final product to be ready. But all of a sudden, the cofounder bails out on the main guy. Saddening, isn’t it? Here, credibility comes into play. Stay away from one who sings his own praises because this guy will be nothing more than an overhead, lying there without giving anything beneficial in return. Do a background check of your going to be cofounder before taking any sort of step. Make sure your cofounder focus  on the duo, not on himself only.

3. Ability to communicate

When it comes to idea pitching, every person in the team should be able to articulate and convince VCs and investors. Not only this, being lucid and persuasive in communication is a much needed asset owing to the fact that any business is more than creating products; the finesse in selling the product is the base of the cake rather than the icing. Hence, scout for such a partner that can communicate with one and all because, a wrong communication, your whole hard work is in water?

Also Read: How to Talk to the Potential Clients as a Freelancer

4. Financial backing

How much investment can be made without external support is decisive in creating an effective prototype that would then be used to lure in funding. So if your cofounder can arrange for some financial backing in addition to your existing investment. The more money you put into the startup, the more sumptuous outcome awaits you…there are exceptions to this, of course!

Also Read: Entrepreneur Finance: Resource Based View(RBV)

5. Insightful personality

Ideas can get as crazy as people want them to be. When two or more individuals put their creativity on the table, one gets to actually leverage the benefits of brainstorming. So, a fellow being who can contribute in terms of creativity in addition to technical prowess is a strong contender to become one of the begetters.

6. Possessing leadership qualities

A person who can set the right example for others, who can guide others in times of adversity, and one who can bear the responsibility and grunt when others fail to do so…these are the signs of true mentor. If you happen to meet such person, either by chance or intentionally, don’t let go of him/her so easily; he/she may be the cofounder of your next venture!

Also Read: Ways of Building Trust Among the Employees

7. Understanding

You don't want someone who will go to east, if being mentioned West?Hence, understanding is the key between the confounders. As,  it is evident that some of the biggest collaboration in history happened because of the mutual understanding between the cofounders. So, make sure you have a mutual understanding with your cofounder for the smooth run of your business.

8. Adaptability

Adaptation is the key to survival. Humans adapted themselves according to the  climatic changes to survive and evolved through it. So, that is the key to a great partnership, adaptability. A person can be a great cofounder to you, if the person is able to adopt the ups and lows of the company, instead of complaining.

9. Passion and thirst of knowledge

Just having same visuals and goals is not enough, sharing same passion is also an  important quality to look in the search of the perfect cofounder. Also, the thirst of gaining more knowledge in the field of your expertise shows your partner 's interest in work. So, if you share the same passion with the person, then make sure you discuss you future with the person because it may be "the one "for you.

10. Emotional Stability

You don't want a crybaby to  be your cofounder, because instead of handling the bad situations, you have to handle your partner and have to  wiping those  tears away. So, look for a person who has the emotional stability to separate personal life and professional life and doesn't mix them up.

11. Honesty

You don't want a partner who will backstab you in future, right? That's why honesty is so important. A great  partner is one who agrees to its mistakes to the other and have the other partner's back in case of need. So, do look for honesty as a quality in your cofounder.

As we all know,  a great team makes everything possible, likewise great coordinator makes everything easy for the team and they can work efficiency. Also, finding  that ideal candidate is like looking for a needle in haystack. You may eventually find the needle but make sure that it isn’t a rusted one. The right cofounder, whose thoughts are in harmony with yours can do wonders to your initiative. Don’t strictly abide by some checklist when building a team, combine practicality with ‘gut feeling’ to actually build a formidable group. And when the group eventually comes into existence, with the team members cohesive in principles and ideals, the probability of positive outcome increases many folds, be it an entrepreneurial project or any other work. Though prima facie finding a cofounder may seem to be a daunting task after reading all this, but then good things don’t come easy.