When starting a new firm, people who wish to locate a suitable partner might use some characteristics to determine whether the person is decent, workable, and qualified.

1. Qualified with skills you may not have

Consider a situation where some activities you excel at and greatly like, while others interest you. You don't have to handle everything if your co-founder is more qualified in these areas, even if you can handle them.

If you've started and grown your own firm before, you know that some management techniques are more significant for a leader as time progresses. So let your founding partner take responsibility for issues that need other skills.

2. Be a Companion to the Entrepreneurial Journey

Starting a business is challenging, and challenges will appear. Dealing with this is made much easier and more pleasurable by having a co-founder.

Nothing is more beneficial than having a conversation with someone experiencing the same things as you, including the same risks, problems, and potential advantages.

Although many great tools are available, such as advisors, board members, and mentors, nothing beats having a person sharing the same passion and vision.

3. Cover for you

You must leave the office after spending the previous week shackled to your computer programming, but you still have to sign these irksome checks. You, your co-founder, may sign them.

Everybody encounters those moments when they feel exhausted, irritable, and only want to slouch on the couch and sob. Yet, we periodically yearn for a little extra time with our family.

They can fill in for you when you need a break, so you won't have to worry.

4. Be able to point out flaws that no one finds out before

Every person has blind spots in managing projects, navigating their lives, and making management decisions, which can lead to errors. 

In a founding partner, you get a peer who can point out these blind spots. In addition, they will assist you in noticing details you might not have thought of, such as customer worries and product launch tactics.

A solitary entrepreneur will typically need help to make his startup successful. He requires the assistance of capable individuals who can oversee the startup's many operations.

As an illustration, one founder might excel at management while another might excel at product development. Similarly, one founder might excel in marketing while another might excel at development.

These complementary abilities are essential for successfully producing and marketing a product.

Selecting a co-founder is more important than selecting a spouse. You'll share a lot, so you need a reliable partner with similar talents.

Many people have a co-founder from the beginning, someone they've spent hours sitting around with, talking about business and trading ideas. In addition, founders occasionally go out of their way to seek others to travel with them on their startup journey.

In either case, locating the ideal match who shares your passion for the project can take time and effort. You can meet individuals from different walks of life.

Understanding the motivations behind considering partners or investors for your business is also important. For example, do you require money, or is another element missing from your company? 

Besides bringing on a partner, you can raise money by taking out loans or selling stock in your company. Other than financial support, partners may contribute new skills or productive capacity.

It can be expensive to borrow money, and selling equity may limit your freedom as a business owner. 

However, adding a partner or partners will inevitably alter how you conduct your business. Therefore, every decision has a price – financially and in terms of how you scale your organization.

Two main ways people hunt for co-founders are:  

Fortunately, you're not the only one who has this issue, which means there are a lot of resources already in place for you to use. Many websites have been developed to help businesses find appropriate matches.

For example, you can find the people you're looking for with the help of CoFoundersLab, which offers entrepreneur matchmaking services and networks. The company also holds live matchmaking events.

A group of serial entrepreneurs and M&A experts called Founder Partners invests in and actively supports successful entrepreneurs as they launch and sell their businesses.

To find partners for your business, there is another good platform called Founder2be. You can find all kinds of people you may need, including co-founders, designers, marketing, engineers, and others looking for the right partners on its website.

The best website for entrepreneurs to find possible co-founders is FounderDating. Like the TechVentures Cofounder Network, access is through an application and payment of a fee.

If you're seeking a technical partner, Techcofounder is a great resource. You can locate the ideal individuals for your startup by posting an ad here.

As it might be challenging to tell if someone is the right fit for being your co-founder based solely on their online profiles, many people prefer to meet in person before framing a decision.

Here are some advice points for one to remember in case of face-to-face situations:

1. Ask people around you

See if anyone in your networks is aware of outstanding technical individuals seeking co-founders. Be on the lookout when you attend family reunions, weddings, and parties, browse through LinkedIn, your university's alum network, and ask around.

2. Join startup events

Choose the one that is right for you among the numerous startup events and conferences worldwide.

Attending a BarCamp could allow you to interact with people from various backgrounds. For example, one of the people attending might introduce you to or make a suggestion for a possible co-founder.

3. Join meetup groups

People with similar interests can meet up on the websites Meetup.com and Startupdigest.com.

By searching for words like "entrepreneur," "co-founder," "hacker," "startup," and other relevant terms, you can find some groups that could lead to relationships.

4. Join a startup camp

You'll meet others who share your enthusiasm for business if you attend a startup camp like Startup Weekend to work on one project for 54 hours.