Job Search Masterclass Job Search Strategy and Planning

How to Create a Target Company List (and Why It's a Game-Changer)

The usual way to pick companies to apply to is broken. Most people focus only on big, famous brands, which is like just window shopping for your career. This hurts your job search success.

Focus and Planning

What You Should Remember

  • 01
    Speed by Choosing Wisely By only focusing on a short, specific list of companies, you avoid wasting time on jobs that won't work out. This focused way of working increases your search Speed, helping you get interviews and job offers much quicker.
  • 02
    Extra Work Becomes Valuable When you only focus on companies you truly want to join, it's easier to put in that extra bit of effort during interviews. This Extra Effort clearly shows employers that you are more serious and motivated than most people applying.
  • 03
    Toughness from Deep Knowledge Learning everything about a specific list of companies builds strong knowledge of their past, current problems, and future plans. This Deep Knowledge acts as a backup safety net, making you more helpful to the company and giving you more Toughness when the job market changes.
  • 04
    Best Results from Matching Needs You get the most benefit for your time when your exact skills fit exactly what a company needs right now. This good match means every hour you spend job hunting leads to better connections and better pay offers.

The Wrong Way Most People Choose Companies

The normal way people create a list of companies to aim for is built on a weak idea. Most people today follow a famous brand first approach—this is an outdated idea that treats finding a job like just looking at things in a shop window. By focusing only on well-known names or places famous for being good employers, you are making weak choices for your career and creating future problems. You are chasing what the company's marketing team puts out, not what the company actually needs.

This behavior is actually harmful. It causes a problem called the Gatekeeper Problem: the more famous the company on your list, the harder they try to keep you out using automated systems. You are choosing to wait in a line where it’s very unlikely your specific talents will even be seen by a real person.

The result is that you quickly lose motivation—you put in high energy but get no feedback, which causes your career progress to stop and makes you wrongly believe you aren't good enough.

The Fix: Mapping the Business Network

The only real fix for this problem is to switch from chasing brands to mapping out the whole business network. You must stop seeing companies as prizes and start seeing them as groups of problems that need solving.

This method swaps the question, "Do I like them?" for the useful question, "Can I fix their current pain points?"

This is the only way to get past the crowded waiting line and find a job based on what companies truly need right now.

Checking Your Job Search: Finding and Fixing Mistakes in Applications

1

The Trap of Wanting Fame

The Sign of Trouble

Your list of target companies is full of famous names, huge corporations, and places that win awards for being great to work for. You feel like you are aiming high, but you only hear silence or get instant rejections, even though you are very qualified.

The Hidden Cost

You are entering a huge line where your unique skills are almost guaranteed to be ignored before a person even sees your application.

What To Do Now

Focus on Less Famous, But Important Companies

Shift your focus to "Second Tier" companies—the suppliers, partners, or smaller rivals of those famous brands. These companies often have the same hard problems but don't get buried under tons of job applications, making your skills stand out as much more valuable.

2

The Trouble with Starting Cold

The Sign of Trouble

You add companies to your list just because you admire them, even if you don't know anyone there and have no experience with the exact software they use internally. You feel like you are yelling into the air and waste hours trying to make applications look custom when they aren't reaching anyone.

The Hidden Cost

This leads to "Emotional Burnout," where you tire yourself out by putting high effort into targets where you have no natural advantage because you lack a personal or technical connection.

What To Do Now

Check for Easy Connections

Only keep companies where you have "Social Value" (a person you know one level removed that you can contact) or "Technical Value" (you are an expert user of the exact tools they use to run their business).

3

Thinking Like a Customer

The Sign of Trouble

You choose companies because you like their products, their ads, or their office perks. You end up asking, "Do I want to work for them?" instead of asking if they truly have an open spot for the specific problem you solve.

The Hidden Cost

This "Brand-First" way of thinking ignores the "problem areas" that actually lead to hiring, focusing on marketing fantasies instead of real business needs.

What To Do Now

Change Focus to Solving Problems

Stop seeing companies as trophies and start seeing them as "Problem Groups." Figure out three specific business headaches you are excellent at fixing, and then find the companies that are currently struggling with those exact issues, no matter how "popular" their brand is.

Checklist: Your Company Target Strategy

Self-Check Grid

As someone who advises businesses, I often see job seekers treating their search like a game of chance instead of a business plan. They "send applications everywhere," hoping that sending lots of them will make up for having no clear direction. This leads to burnout and poor results. To fix this, you must switch from just reacting to having a clear Target Company List. The chart below helps you see if your current plan is "sick" or if you have successfully switched to a "healthy," high-performing approach.

What You See

How You Search

The Sick Way (Old)

Reactive & Scattered: You wait for jobs to be posted online and apply to anything that seems slightly right for your job title.

The Good Way (New)

Proactive & Focused: You choose which companies deserve your talent first, and then you make a plan to get hired there.

Impact

Determines whether you are chasing the market or leading your career.

What You See

Market Knowledge

The Sick Way (Old)

Surface-Level: You only know what the company says about itself on its website and have no idea who its main rivals are.

The Good Way (New)

Deep Insight: You understand the company’s specific problems, their recent successes, and exactly how you can solve their needs.

Impact

Turns you from a generic applicant into a strategic solution.

What You See

Connecting with People

The Sick Way (Old)

Transactional: You only talk to people when you need a favor or a referral for a job that is already posted.

The Good Way (New)

Relationship-Based: You build connections with people "inside" your target companies months before you actually need a job.

Impact

Opens the "hidden job market" through trust and timing.

What You See

How You Spend Time

The Sick Way (Old)

High Volume, Low Value: You spend 8 hours a day filling out generic online forms that almost never get a reply.

The Good Way (New)

Low Volume, High Value: You spend 8 hours a week having deep talks with the right people at a short list of 20 companies.

Impact

Prevents burnout and focuses energy where it actually converts.

What You See

Success Metrics

The Sick Way (Old)

The "Application Count": You feel like you did well based on how many resumes you sent, no matter the results.

The Good Way (New)

The "Conversation Count": You judge success by how many real interviews and meaningful contacts you've made.

Impact

Ensures you are making actual progress toward a job offer.

My Advice

Most people fail in their job search because they act like a product being sold looking for a buyer. When you create a Target Company List, you stop being a product and start acting like an expert consultant looking to solve a specific problem. Changing from the "Sick" way to the "Good" way is the difference between wishing for a job and making a career move happen on purpose.

Small Details & Problems: When This Plan Can Go Wrong

The Hidden Dangers

A target company list is a strong tool for focus, but it's not perfect. If you treat it like a fixed map instead of something you update, you will run into trouble. Here are the "Hidden Dangers" of using the Target Company List method.

The Trap of Only Looking Straight Ahead (Limits)

When you make a strict list, you are setting Limits—rules about what you will and won't look at. The danger here is that you get so focused on your "Top 20" that you ignore Unexpected Chances: companies that don't fit your first idea but could actually be a perfect career step. By focusing too narrowly, you might miss the surprise great job that you hadn't even thought about.

The Endless Research Cycle (Too Much Planning)

There is a big difference between planning to find a job and actually getting one. Many job seekers get stuck in the "Research Cycle," spending weeks making spreadsheets perfect instead of starting to talk to people. If you spend 90% of your time building the list and only 10% applying, the plan has failed.

A List That Doesn't Change

A target list is a "fixed snapshot" in a "world that keeps changing." If your list is too small or too stiff, and three of your top five companies suddenly stop hiring, your spirit and plan take a big hit because you put too much hope into those specific outcomes.

The Balanced Way

Think of your list as your "Top Priority" area, not the only place you are allowed to look—save room for about 20% of "Wildcard" spots. Use a "Good Enough" rule: once you have 10-15 solid leads, stop researching and start taking action. View your list as something that "Moves Around"—if one company stops moving forward, replace them right away without feeling bad about it.

Common Questions Answered

How do I find those "Second Tier" companies if they aren't famous?

The easiest way to find these companies is to look at the "Business Network" around a famous brand. Check LinkedIn to see where past workers from a big company went next, or look at the "People Also Viewed" section on a big company’s LinkedIn page. You can also search for "Partners" or "Suppliers" on the big company’s website. These other companies often have the same big problems but have much less competition for jobs.

Should I completely cross off famous brands from my list?

Not entirely, but you should move them to the bottom of your priority list unless you already have a "Close Connection." If you have a former coworker there (Social Connection) or you are an expert in a niche software they just started using (Technical Connection), keep them. If you are just applying because you like their advertising, you are likely wasting energy in a line that is too long.

How do I figure out what specific "Problem Group" I actually solve?

Look back at your last two years of work and ask yourself: "What was the most frequent thing people needed my help with?" It's usually not your job title; it's a specific fix, like "making messy information clear" or "calming down upset customers." Once you name that "Pain," search for companies that are growing fast or changing in that exact area.

Stop looking around.

The time for having a wish list of famous brands is over. Chasing a logo just because of its ads is an "outdated" plan that leaves you tired and unseen. By using the Ecosystem Mapping idea, you stop asking "Who do I want to work for?" and start asking "Where is my talent actually needed right now?" Start mapping out who you can reach.

Map Your Access