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Idea Overview:
This is a Consulting for Equity model that brings together a diverse team of professionals to help and enable an entrepreneur or startup to realize a profit; once the company grows and profits, we do the same with you, just at a percentage. Each individual team member has a set of skills that will be utilized part time in order to scale and build. Each individual professional will also have a number of things he can work on for money to help market his skills. The free work is within scope.
The entrepreneur hires a vetted team of professionals who are working towards making dreams come true.
The company gets paid a percentage after the entrepreneur realizes a profit. The individual team members also have the ability to negotiate side work with the people we are working with. Also, we will generate and build ideas in house for a profit to support the diverse team of international professionals and look at revamping websites and driving new products and traffic.
Who might use it/where it might be used?:
We come into play when the entrepreneur and startup don't have any more money to create meaningful progress. We are a dedicated team of professionals who will work tirelessly on your team to help achieve success, then we help with the management and eventually step away and figure a way to automate so we can go to the next venture.
The Market (B2B, B2C or Both):
Both
Sector the idea belongs to:
Business services
Is there a similar idea to be found?:
There are consulting for equity companies, but nothing that brings together a vetted team of international professionals who all have the ability to make side money with the entrepreneur/startup.
Why you think there is a demand for your idea?:
98% of Startups fail. This is a fact. We are here to vet and identify ones with a market potential and are more than willing to work on projects into the years in order to generate an income. Many startups fail for many reasons, we are trying to bridge the money gap and the knowledgeable team gap.
Who would be the ideal customers?:
Ideal customers are those who are currently bootstrapping, looking for funding, or looking to grow/scale. You can have the best idea in the world, but how are you going to generate clients. This sells itself. We are committed and dedicated to seeing you realize a profit.
What ideas do you have to reach these customers?:
Using platforms such as 12Ronnies or Founders Live, platforms that are entrepreneurial. at tits core and people looking to follow their dreams at whatever cost.
How far have you developed this idea?:
I have assembled a team and working on the website as we speak.
What – if any – feedback have you had for this idea so far?:
First time I am broadcasting this idea to an outside party.
What supporting material – if any - would you like to add to your proposal?:
Logo.
10 comments to “DreamLoad”
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Simon Krystman - August 10, 2022 at 4:06 pm
Have you looked at the dynamic equity model called Slicing Pie? You might be able to incorporate it in your offering.
Dr. Grace Olugbodi - August 22, 2022 at 6:55 am
Hi Joseph, your idea sounds amazing!! Love it. As I was reading I was wondering if you know that Simon posted an event on ‘Dynamic Equity’. It sounded very much like a form of DE? Am
I correct in thinking that?
Mario L Castellanos - August 24, 2022 at 12:45 am
The idea is good. I would know because I’ve been working this model for about 10 years. Outside of financial issues, a major reason companies fail is the lack of synergies between the founders. That means your client and your team. What will be reasonably expected by the founder is a complete and detailed plan of action including timelines, etc. What you’ll find is the originating founder becomes very impatient and unreasonable if the original plan does not come into fruition as they were expecting. Never mind that (I assume) you’ll explain your planned successes are just a projection, not a promise. Furthermore, you’re a start-up yourself so this exact same scenario befalls you. Keep this in mind. All this said, if you are able to create a sellable package to present to start-up founders, and the potential VC’s they will be seeking, it will be a very lucrative operation.
Janet Martin - August 25, 2022 at 6:37 pm
A really nice idea – which I can see working – with the right team/similar mindsets on board. The first thing that came to mind was some nice graphics or an explainer video to very briefly sell this concept to your target. Might be something you’re working on already…
Mark Cardwell - September 2, 2022 at 2:26 pm
For most companies, giving away equity (especially to outsiders) isn’t straightforward. (As Simon says, companies using dynamic equity would find it easier.)
Mark Cardwell - September 2, 2022 at 2:29 pm
When you take payment in equity, you’re accepting a risk. Would your consultants hold onto they equity they earned, or would your company pool it and share it between consultants to smooth out the risks?
I guess also you need to be ready to turn down potential customers, if you think they’re not going to succeed!
Mark Cardwell - September 3, 2022 at 6:13 pm
Consulting for equity is a nice niche – you have a set of prospective customers (namely those without cash) who are a “captive audience”. However there are many organisations also offering consulting for equity. Have you a way to differentiate DreamLoad from the others?
Tim Strege - September 8, 2022 at 7:52 pm
I know Joseph Abboud and have “first-hand” knowledge of his range of expertise. I can imagine the team Joseph puts together will have complimentary characteristics to assist early-stage enterprises. Consider a percentage of revenues (or profits) in lieu of full consulting fees (with maybe some amount of discounted consulting fees upfront). I would consider engaging Joseph for some of our Incubator entrepreneurs using this method.
Jake Shaw - December 1, 2022 at 8:44 pm
I’ve been on both sides of the start up equation. I’ve seen this ‘consultant team’ approach a few timess.
How are you going to keep your consultants engaged if they are working for equity?
Joseph Abboud - December 15, 2022 at 2:04 pm
I am utilizing the skills of the team; we can provide a “Base” job under the Equity or Profit Sharing Agreement and if our clients choose to have extra work done, they then can negotiate with our team member for additional work if need be- there is a warm relationship already established.