Even when a person is well-meaning, they won’t make a good co-founder for the following reasons.
1/ Different Priorities
Like family vs. startup. You may be focusing on the startup, and they are most focused on their family. One co-founder wants to build a lifestyle business. Another founder wants to build a high-growth startup.
2/ Energy Mismatch
You are willing to work for 8 hours, and the co-founder is not committing that much.
3/ No skin in the game
You may have invested your hard-earned money in the business with many stakes, and they may be experimenting with a new career, this startup thinking.
4/ Different values
You may be conservative looking to build a cash flow rich business, and your cofounder may want to take significant risks.
5/ Not able to talk through difficult situations
There will be disagreements when building a business. However, it is tough to build a long-term partnership if you can’t respectfully discuss the situations and find ways out.
6/ Different financial situations and goals
One is willing to wait, and the other wants a payout soon.
Are you looking for a co-founder? Then watch out for these red flags.