A common challenge faced by every entrepreneur is that they do not have the bandwidth, interest or skills to do everything that is required to build their start-up. Two heads are always better than one in a start-up. Investors worry about a single entrepreneur getting overloaded, disabled, or led astray, with no balancing and supporting partner.
The challenge is how to find that elusive perfect-fit partner. Do not expect someone else to find the partner for you, since it is very much like finding a life partner. Write a “job description” for that ideal partner. Take a hard look at your own business strengths and weaknesses and write down what partner skills and experiences would best complement yours.
In fact, many of the same venues, such as industry conferences, entrepreneur forums and local business organizations are useful for both. Online, it pays to join entrepreneur groups on LinkedIn and Facebook and interact with people who meet your criteria on Twitter. Join online “matchmaking” sites for business partners. Co-founders are business partners for start-ups, so do not be afraid to join and explore sites such as StartupWeekend, StartupAgents and Cofounders Lab.
Also start a discussion on the wealth of business blogs frequented by entrepreneurs, where you can make your interests known. Attend local university entrepreneur activities. Look for a partner from a different background. In today’s global economy, your ideal partner may be halfway around the world, from a different geography and business culture.
Every start-up infrastructure is flush with smart people from all cultures, many of whom may be ready and able to bring new energy and creativity to your start-up. These areas may have not just your co-founder, but also the robust ecosystem your start-up needs for investors, programmers, and customers. Business partnerships are long-term relationships, so take your time getting acquainted before closing the deal. Jointly define major milestones and key metrics for the start-up.
Building a start-up is hard and unpredictable work, and people get busy, so now is the time to jointly commit. For the success of your start-up, finding the right co-founder is one of the most important things that a new entrepreneur needs to do. There are so many challenges in a start-up that no founder should try to go it alone. When you find someone that works, I am betting you will be together on your next start-up, and the one after that.
Besides if you do have any questions give me a call: https://clarity.fm/joy-brotonath