8 questions to ask yourself to find your Dream Project as a cofounder
June 3, 2019
All successful companies begin with a strong, clear vision.
This vision is well worth investing your time in so that you can create a concrete understanding for yourself and the founding team that you want to join for what you want your company to be.
When you are deciding to join a startup, you need to define your individual and personal dream project.
Don’t approach a project with the mentality of deciding if this is truly your dream while working on it. That’s something you need to determine beforehand. There are many things to consider when defining your dream project and these are some of the key aspects to keep in mind when constructing your ideal company now.
1. What kind of industry do you want to partake in?
This is the basis for what your dream project will be built on. It seems like the most obvious point to consider but truly ask yourself if you can envision yourself being both happy and successful in this field long-term. Just because it may be something you enjoy from the perspective you have now doesn’t necessarily imply that you’ll enjoy the field equally in a professional regard. Another important point to consider is your experience in this field. Even if it is something you can be passionate about, do you have the skills or experience to contribute to the future success of the startup?
2. What kind of idea for the company will make you passionate?
You can join a tech project, a company doing extensive research and development, or something that is focused on conservation. There are countless ideas to choose from. This should urge to spend considerable time contemplating how you can contribute to the idea and what you can gain from it. How do you want to be engaged by the company? And how do you want your dream project to operate? The idea of the company will dictate much of this
3. How do you want your dream project to make an impact?
Whether your primary goal is to make an impact on others or not, the company will absolutely make some sort of impact that extends from just the company itself. Defining your dream project can potentially have a self-regarding approach but one should always acknowledge the larger scale of their choices. The impact made by the company can have an effect not just on people but on our environment as well. New problems facing society and our planet make themselves known to us every day. What do you want to do about them through the project you will join?
4. Which customer segments would work best for your profile?
Businesses’ success is obviously heavily reliant on customers. Being able to target customers in the most efficient way should be high on a company’s priority list. When creating customer segments, you should decide if you are more comfortable and experienced in a business-to-business (B2B) marketing strategy or business-to-customer (B2C) strategy. You have to foresee which model would work best for your profile. If you’re targeting a project in B2C, you should also think of which segments you prefer (customer’s age, customer’s profile…). This short article written by Shopify elaborates on customer segments.
5. What scale do you want to operate on?
On what scale do you want to operate on? Depending on what you want to work on, companies can operate locally, nationwide, or worldwide. If your dream project is a brick and mortar store your strategy may differ if you dream were to be working on an online platform. Always considering your market will help you make sure that your dream project will fit your aspirations.
6. What values are you looking for?
Businesses have key foundations for which their company is built on. Sharing the company values with customers will help them to understand the business better and could potentially convince them that the services or product is right for them. Regardless of what these values actually are, the company’s practices should always reflect them as doing anything else will damage the business’ credibility. Therefore, these values should be something that you whole heartedly believe in and will not struggle to uphold.
7. What is the ideal size of the team?
You should also have an idea of how big the founding team and the team you would like to work with should be. Depending on the size of the team, the management of the team would be more or less flexible/structured and the possibility of delegation will differ.
8. What is the stage of a startup that better fits you?
If you are looking to join an already existing company, what stage do you want it to be in? The answer can be found after answering what your strengths are and where you see these strengths being utilized to the highest extent. Making sure that you feel important and significant in the outcome in the company is essential to you being happy wherever you are. Companies are always in different stages of their progression so finding your dream project involves finding your ideal stage of development.
After you’ve considered these things and have finally come to the conclusion of what your dream project is, you need some place to go to find this dream project. IdeasVoice is a network that will connect you to others who share your vision and want to make it a reality as well. IdeasVoice will help you ensure compatibility with other potential cofounders or team members which will in turn improve the chances of success. Connecting you to other eager entrepreneurs will serve as an invaluable tool you and your dream project.
By Bryan Cho of IdeasVoice US