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Launching a new business is quite a juggling act. To make sure you’re functioning like a well-oiled machine, a co-founder may be the answer to your prayers. But if the selection process isn’t done right, having a co-founder can be a disaster. You want to be searching for the yin to your yang, but you also need to steer clear of people who will ruin your reputation, fall out of sync on work ethic or set wildly different goals to your own.
Having a co-founder means splitting the rewards as well as the responsibilities, so make sure it’s worthwhile. Here’s some advice from business leaders — taken from experience — on choosing a co-founder for new entrepreneurs.
What are the benefits of having a co-founder vs going solo?
A co-founder can complement your skills while filling out gaps in other areas. You can also sound ideas off one another, gain new perspectives and approach decisions from different angles.
According to Anthony Rose, founder and CEO of SeedLegals, any new startup