It’s impossible to be good at everything yourself. The right cofounder brings you skills, manpower, and other resources. A cofounder motivates you, challenges you, makes you stronger and boosts your productivity—and vice versa.
When you look for a cofounder, you must consider the following qualities:
This is the most important quality. You want to work with only those people who are passionate.
Character—this trait is composed of qualities like honesty, perseverance, courage, etc.
There are online tests that will help you determine what your and your potential cofounder’s characters are.
Trust—make sure that your cofounder will do what he committed to.
Also, make sure he will act with your and your business’ best interest in mind.
Complementary resources and advantages.
If you completed the previous action, you made a list of all the resources that you have. You want to have a cofounder that adds more resources that are crucial to your new business.
Fit with your mission.
Ideally, you both should contribute something important to your vision.
Make a list of 20 friends and colleagues whom you know well, and analyze their qualities, starting with passion.