how to start and run consulting firm fast and efficiently
TRANSCRIPT
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How to start and run a successful consulting business?
Practical guide
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In this presentation I will show you how to start and run consulting business. You will find here a lot of practical tips
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Source of ideas for consulting business
We will start by showing were you can find ideas for consulting business
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Source of ideas for consulting business
Getting your first customers Pricing Tools
Later we will discuss ways in which you can get new customers, what tools you can use and how you should set up the pricing
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Source of ideas for consulting business
Getting your first customers Pricing Tools
Scaling of the business
Add-on business
Once you are done with the basics I will show you how to scale the business and what add-ons you can have
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Source of ideas for consulting business
Getting your first customers Pricing Tools
Scaling of the business
Add-on business
1-man show freelancer
As a separate part we will discuss the small consulting practices (1-man show / freelancers)
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What I will show in part of extensive on-line course where you can get all additional resources including Excels
Click to check my course
How to start and run a successful consulting business?
$190 $50
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Introduction
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The essence of consulting
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What is consulting?
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With consulting you can reach things that were out of your reach
Consulting Professional help in achieving certain goal Way to fill-in the gaps
=
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You maybe surprised but actually there are plenty of good reasons why companies hire “overpaid” consultants
They want to get better / faster / more efficient
They do not have certain competence /skill
They lack capacity to do something
Sudden unrealistic deadlines
Required by owner or regulator
Turn arounds
They need independent view
One-off events
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Consultants help you move faster in the right direction
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Around what you can build consulting?
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You can build your consulting around specific customer segment
Around segment
Examples
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….or around service / product
Around segment
Examples
Around service / product
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Some companies use a mix of those 2 tactics
Around segment
Examples
Around service / product
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Where you can get idea for your consulting businesses?
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Satisfy your own need
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If you have already some business existing, you can create consulting to help you solve your problem. First you create internal department to take care of your need Old business
New department
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Once you get the proper quality of service and profitability you grow it and separate into stand alone business
Old business
Consulting business
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There are plenty of nice examples of such companies
Old business
Consulting business
Examples of such businesses
Consulting on Adwords / facebook / SEO / content marketing that you needed to master and there was no decent provider
Consulting to support the sales of software, (including SaaS) that you have produced
Consulting to support good usage, maintenance of your B2B product (machine, production line)
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For this method to work you need to have certain things occurring
You are one of the best / first users
You have easy access to the underlying good
You have some cost advantage because you buy in bulk
The specific underlying good / service is complicated to master or changes fast
Customer do not want to make out of the knowledge you are providing competitive advantage
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Carving out
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You can also create consulting business by carving out a department from existing company Current
departments
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You have to identify the department that you will transform into stand alone business and start running it as a separate business unit
Old departments
Carved out part that will be changed into consulting
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Once it is big enough you can make it into separate entity Old departments
Carved out part that will be changed into consulting
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There are plenty of nice examples of applying this strategy
Examples of such businesses
Marketing departments Sales department Analytics / Market Research / Pricing
departments R&D departments Technical support Shared Service Center Project Management
Old departments
Carved out part that will be changed into consulting
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For this method to work you need to have certain things occur
People in the specific departments have very volatile utilization
Running the department requires huge investment into people, trainings and software
Department has become relatively big and the company does not have skills in running a consulting company
The demand of the company for the service offered by the department is irregular
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Cloning
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One of the ways to clone is to clone 1:1 the whole business
Examples of such businesses
Consulting on Adwords / facebook / SEO / content marketing that you needed to master and there was no decent provider
Consulting to support the sales of software, (including SaaS) that you have produced
Consulting to support good usage, maintenance of your B2B product (machine, production line)
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For this method to work there are number of factors that may improve the odds
Market is mature and ready for specific consulting services
There are foreign companies that are used to this type of service
The group you are targeting is sufficiently big to support a business
There are no cultural barriers to using consulting
Fees are acceptable
Low level of government in the economy
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You can also clone the idea and adjust it to a different segment / group of customers
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For this method to work there are number of factors that may improve the odds
Market is mature and ready for specific consulting services
The group / market to which you are switching has to be big enough to support a business
The consulting companies you are coping for some reason have low incentive to enter specific market (low size, their strategy that assumes focus etc.)
There is a niche that is not served well by current consulting companies
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Walk away and become independent
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In same cases the consulting business is created by a bit forceful division Other departments in your old
company
Your departments
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You either join another big corporation or you build your own business Other departments in your old
company
Your departments
Other departments in the new company
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There are plenty of good examples for both cases
Examples of such businesses
Department in banks Group of people / department in
consulting – usually serving specific group of customers or 1 type of service
Department from training company Department from software company
Other departments in your old company
Your departments
Other departments in the new company
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If you have some business you can creating consulting to help you solve your problem
Examples of such businesses
Department in banks Group of people / department in
consulting – usually serving specific group of customers or 1 type of service
Department from training company Department from software company
Other departments in your old company
Your departments
Other departments in the new company
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For this method to work there are number of factors that may improve the odds
The customer will follow you
You take all the competence from your previous company
The company you join has almost none of your competence
The company you join has customer to whom you can sell your product
You can take the references
Low threat of second-wave division
You have sufficient money gathered to survive the dry season and projects sliding
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Product / service to consulting
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You can create a consulting on the basis of existing product or service
Agency
Implementation consulting company
Implementation consulting (set-up, purchase, run)
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For this method to work there are number of factors that may improve the odds
Product or service is complicated and changes a lot
The customer has no resources to master it
It is a one-off
You have better access to the producer of the product / service
You have the support of the producer
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For more go to our extensive on-line course where you can get all additional resources including Excels
Click to check my course
How to start and run a successful consulting business?
$190 $50
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Business model of a service company
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Introduction to service companies
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Service companies in general are all about converting your workers time into money
Man-hours
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There are some general rules that you should follow
Measure man-hours
Measure tasks
Stay productive and efficient
Make sure supply matches demand
Forecast and create demand
Manage supply ahead of time
Make sure that margins are OK
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Business model of a consulting company in Excel
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The typical model of a service model can be presented using this logic
% Utilization # hours available
# of billable hours Revenues
Gross Margin
Operational Profit Net Profit
Hourly fee
HQ costs Bonuses
Interest
% Gross Margin
Wages
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Getting first customers
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Steal customers
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The easiest way to get the customer is to steal them from your competitors
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As a first step you have to show the customer somehow your offer, especially when the relation between the customer and current consulting company is about to end
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If you are successful in your move you will get a launching / reference customer
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There are number of situation when you can pull it off successfully
When you can pull it off
Carve out Walk away with customers Buy out the customer Bribe the customer Use external pressure on competitor or
the customer
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Take over director / partner from a competitive company
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You can try to establish a consulting company by convincing a senior personal with a good relation with customers to join you
When you can pull it off
There is internal reason for the departure (i.e. the director does not fill happy in the company)
He can walk away with customers There are no legal problems with
implementing the switch of customers There is no barrier related to the brand of
the company you are breaking apart The partner you taken over has to be able
to generate new customers as well There may be legal reasons for this move
to be favored by the consulting company (i.e. they cannot keep certain business by law)
Other departments in your old company
The department / director you want to join you
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Use marketplaces
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For some consulting services you can start with marketplaces
Step 1
Find the right marketplace for you
Step 2
Do great job for a small task
Step 3
Try to move away from marketplace and expand the contract
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You can try number of different type of markteplaces
Graphics Startups related Lawyers General for freelancer
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Marketplaces are a good solution in a number of situations
You are offering simple service
You are targeting smaller customers
You need some reference
You are not that much into making big money
Services where you have thousands of customers
There is potential for longer cooperation outside the
marketplace
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Content Marketing
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For some consulting services you can get customers by proper content marketing
Step 1 – Generate Traffic
Create content Generate traffic to your
blog
Step 2 – Get their emails
Convert it to email list
Step 3 – Convert them
Convert the list directly to sales via short funnel or long funnel
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Content marketing is not easy and requires some things to be successful
Your target group has to actively look for info how to improve
Your target group should be present in one of the social media
Your target group should be identifiable by search terms or some
criteria
You have to create high value content and unique
Content marketing takes time
Content marketing not always leads to direct conversion
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There are plenty of tools that you can use for content marketing
Creation of content Traffic generation Market research
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Here is an example of content marketing used for one of our brands
Post on the blog
Distribution
Recycling of content
Request for proposal Sales
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Event Marketing
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For more stubborn you have to go for events marketing
Step 1 – Create opportunity
Organize or join events Create content that will
establish you as an expert
Step 2 – Take advantage of opportunity
Network during the events Set fixed targets in
number of business cards that you have to acquire
Step 3 – Fast conversion
Do the follow-up in the next weeks: send them your content, meet with them, call them
Hustle
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For this method to work there are number of factors that may improve the odds
The ticket (value of potential contract) has to big enough
You have to have a high density of potential customer in the event
You have to be active - listen and provide value and only after that try to sell (if he can become to his benefit your customer)
Test the short and the long funnel to see what works better
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Trainings Marketing
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Similar yet more subtle to event methods is to go for trainings
Step 1 - Attract
Organize free open training for your target group
The training has to have unique content to establish you as an expert
You have to actively reach them
Step 2 - Soft conversion
Convert them to paid trainings – advanced version of the free trainings
Step 3 - Hard conversion
Convert them to consulting services
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Cold Calling
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Unavoidable is trying cold calling
Step 1- Preparation
Find source of leads Prepare – choose the right
sequence and the target group you want to reach
This is a first hypotheses that you will change during your tries
Prepare all necessary tools: script, ready made emails and materials, CRM
Step 2-Cold calling
Execute and modify till you get to predictable stable model of sales
Step 3 - Conversion
Convert meetings into request for proposals (RFP)
Convert RFP to projects
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In cod calling you have to have a sequence of events that you will follow
Cold visit Mail / Cold email
Warm call Meeting Sales
Cold email Cold call Warm
email Warm call Meeting Sales
Example 1
Example 2
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Cold email with a piece of your
content and CTA
Cold email with a piece of your
content and CTA
Cold email with a piece of your
content and CTA
Cold email with and invitation to a first meeting
Meeting Invitation to free training
Convert to paid training
Convert to consulting
services
In cod calling you have to have a sequence of events that you will follow
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For more go to our extensive on-line course where you can get all additional resources including real examples from our practice
Click to check my course
How to start and run a successful consulting business?
$190 $50
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1 – man show
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As in every service you try to turn time into money
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If you are a 1-man show you have to carefully use your time as it limited
Number of available
hours
% Utilization
Fee per hour
Additional revenues
170 30% 200 3 000
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There are number of ways in which you can increase the available hours
Liczba dostępnych
godzin lalka Stawka Godzinna Dodatkowe
przychody
You hire new employees, partners, co-workers
New employees
Description When can be used
Good solution when the growth is permanent There are new customers or product added In the case of entry-level recruitment there has to be
some career path for The employees should be less expensive than you or bring
new customers You have to have training system
You subcontract part of the work to other freelancers or a company
Subcontractors
Good choice when the jump in projects is just temporary Good choice when you do not have the skills and
knowledge and you do not want to specialize in it
You divide the work to be done into parts. The easier part, more repetitive you give to
virtual assistants Virtual Assistants
Very good when the assistant is much cheaper than you Good choice when the assistant can create things that you
can sell Good choice both for temporary as well permanent
growth
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Overall Labour Efficiency how much work there is in the work ?
Workday
Time that you can devote
Time left for real work Lack of work
100%
54%
OLE =
100 %
54 %
x
x
98%
Work
98%
37%
No work due to organizational issues
Movement
70%
Work well done
70 %
Liczba dostępnych
godzin lalka Stawka Godzinna Dodatkowe
przychody
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The biggest return you will get from improving your utility Liczba
dostępnych godzin
lalka Stawka Godzinna Dodatkowe przychody
Automate whatever you can so you have more time to sell
Automation
Description Examples
Emailing /Newsletters – Mail Chimp / GetResponse / FreshMail
Automation of small tasks i.e. twitting, putting some data into table etc – Zapier, IFTTT
Social Media – Buffer / Hubspot Calculators on your webpages Marketing Automation - Mail Chimp / GetResponse /
FreshMail / SalesManago / InfusionSoft / Hubspot Resousres on your webpage / YouTubie / Slidesharze /
Dropboxie
Improve the efficiency of team work and the cooperation with customers
Improve the efficiency of teamwork and also the way in which you communicate and exchange info with customers
Getting Things Done CRM – Google Sheet / Insightly / Close.io Task management tools: Trello / Nozbe / Leankit / Asana
/ Smartsheet Avoid email communication– Google Sheet / Slack /
asana Working on virtual space– Google Drive / Dropbox / 1-
Drive
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The biggest return you will get from improving utility Liczba
dostępnych godzin
lalka Stawka Godzinna Dodatkowe przychody
You have to minimize the time you spend travelling Fewer
movements and travels and better organization
Description Example
Remote calls and conferences– Hangout s/ Skype Webinars Working on virtual space– Google Drive /
Dropbox / 1-Drive Round trips across the country to visit customers
Outsourcing / specialization
Find somebody to whom you can outsource the repetitive part of you work especially if he is better at it
Interns Assistants Virtual Assistance Subcontractors
Standards, templates and modules
Create you work on the basis of modules, template and standards.
In this way you will be able to reuse them
Specialize in one product Templates and standards i.e. Excel analysis, sales
presentation, proposal etc. Turn non-standard presentation into modules in
which 80% are standard modules
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Think also how to increase your price Liczba
dostępnych godzin
lalka Stawka Godzinna Dodatkowe przychody
You change the pricing depending on your situation, availability resources and demand
Dynamic Pricing
Description When to use
Use it when there is a big seasonality in demand Use it to sell in advance of time – similar to first
minutes Useful when you want to hide difference in the
price of similar service among customers – then you have a price list and a bunch of different discounts that blur the vision
You can start earning depending on the performance / success
You can have installments You can have a complicated system of
different fees for different things
Change the price formula
Useful when you do not want to show the fee per consultant that incidentally may be higher than the Board Members’ salaries
Introduce subscription
Switch to subscription model
When you want to increase the demand for your service
When you have to compete with the in-house departments
When there are a lot of small task that you do not want to negotiate separately
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Last but not least create additional products Liczba
dostępnych godzin
lalka Stawka Godzinna Dodatkowe przychody
Books / e-books / reports
On-line courses Off-line courses
Webinar Podcast Films on youtube Audiobook
Affiliation
E-commerce Physical products – i.e. games
Sponsoring
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It is worth to have 1 main KPI that will let you say whether you are heading in the right direction
Total time devote to it
Total net income from all sources
200 h
50 000 USD 250 USD / h
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Tools you need in a consulting company
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Introduction to tools
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List of the most important tools for consultant
Analyze Present Sales & Marketing Knowledge Management Market research Team management
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Standardize everything
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Why it makes sense to standardize?
Easy to go through what you have done so far
You can reuse your products
Less versions to manage
Brain works faster with standards
You can find faster what you need
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How to decide whether to standardize
Used by many Often used
Last for longer time
Standardize
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Below you will find examples of things standardized in consulting and a typical company
Folder structure
Consulting
Naming of files
Proposals to customers
Typical company
Agreements
Deliverables
Analyses
Main processes
Internal documents
External documents
Main process
Dress code
Language of communication
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There are some rules for standardizing that you should follow
Use few standards
Internal standards higher than external
Round up to closes standard
Communicate standards
Teach standards
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Create templates
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Templates can save you a lot of time. They are area almost ready made pieces of work that need some changes to be used. It is great for repetitive work
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How to decide whether to make templates
Often Used Can be reused
Time-consuming
Template
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Define what you should create templates for. In consulting we use a lot of templates to make the repetitive work less time consuming
Sales presentation
Consulting
Emails
Data request
Project Time sheets
Proposal
Agreement
Folder structure
Deliverable presentation
Dimensions
For every product, branch
All standard emails: about meetings, data request, workshop, sales emails, thank you email
For every product (project type) and branch – Word
For every product (project type) – Word
For every product (project type) – Word
For every product (project type) and branch in Excel Library of standard slides with typical analyses to choose from
For every product (project type) and branch – Excel
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Create modules
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Modules is something that helps you go beyond templates and used them in a situation that seem not easy to be standardized
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Creating modules enables you to turn even things that
Sales presentation
About the company (history, experience, offices)
Problem description
Proposed solution
Pricing
Team
Contact Details
Rather standard
Unique
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Power Point presentations
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What rules should be used for Power Point Presentations
Use the template
1 slide = 1 message
Agenda
Executive summary
Excel analysis for every slide
Sources
Dates
Backup
Next version rule
Show money
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The kids market will be slowly growing as a result of GDP growth
3 247 3 480 3 473 3 503 3 537 3 583 3 626 3 689 3 750 3 806 3 857 3 911 3 965 4 011 4 055 4 104 4 144
2 804 2 862 2 855 2 880 2 908 2 946 2 981 3 033 3 084 3 130 3 171 3 216 3 260 3 298 3 334 3 374 3 407
1 328 1 392 1 389 1 401 1 415 1 433 1 450 1 476 1 500 1 523 1 543 1 565 1 586 1 605 1 622 1 641 1 658
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
8 058 8 198 8 334 8 459 8 570 8 692 8 811 8 914 9 012 9 119 9 209 7 963 7 859 7 785 7 717 7 734 7 380 Total
Source: Euromonitor
Toys
Hardware
Fashion
Market size In milions of EUR
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Market size In millions of EUR
3 247 3 480 3 473 3 503 3 537 3 583 3 626 3 689 3 750 3 806 3 857 3 911 3 965 4 011 4 055 4 104 4 144
2 804 2 862 2 855 2 880 2 908 2 946 2 981 3 033 3 084 3 130 3 171 3 216 3 260 3 298 3 334 3 374 3 407
1 328 1 392 1 389 1 401 1 415 1 433 1 450 1 476 1 500 1 523 1 543 1 565 1 586 1 605 1 622 1 641 1 658
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
8 058 8 198 8 334 8 459 8 570 8 692 8 811 8 914 9 012 9 119 9 209 7 963 7 859 7 785 7 717 7 734 7 380
Total
Source: Euromonitor
Toys
Hardware
Fashion
The kids market will develop in will be slowly growing as a result of GDP growth
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Market size In millions of EUR
3 247 3 480 3 473 3 503 3 537 3 583 3 626 3 689 3 750 3 806 3 857 3 911 3 965 4 011 4 055 4 104 4 144
2 804 2 862 2 855 2 880 2 908 2 946 2 981 3 033 3 084 3 130 3 171 3 216 3 260 3 298 3 334 3 374 3 407
1 328 1 392 1 389 1 401 1 415 1 433 1 450 1 476 1 500 1 523 1 543 1 565 1 586 1 605 1 622 1 641 1 658
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
8 058 8 198 8 334 8 459 8 570 8 692 8 811 8 914 9 012 9 119 9 209 7 963 7 859 7 785 7 717 7 734 7 380
Total
Source: Euromonitor
Toys
Hardware
Fashion
The kids market will develop in will be slowly growing as a result of GDP growth
The kids market will develop in will be slowly growing as a result of GDP growth
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Rules for Excel
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What rules should be used when building analysis in Excel
Usage of colors
Consistency between sheets
Pyramid principle
1-source rule
Repetition of variables
Shortcuts
No mouse
Description
Data source
Master sheet
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The most useful functions
Basic functions Financial / Mathematical Others
SUMIF / SUMIFS COUNTIF / COUNTIFS HLOOKUP VLOOKUP MATCH SUMPRODUCT IF AND / OR IFERROR AVERAGEIF LEFT / RIGHT / MID FIND CONCATENATE YEAR / MONTH / DAY ROUND / ROUNDUP /
ROUNDDOWN TODAY VALUE WEEKDAY
RAND / RANDBETWEEN MOD NPV IRR ABS MAX / MIN CORREL
Pivot Slicer Relative addresses Formats Hyperlink Remove Duplicates Filters Sorting Data Validation Trace Dependents / Precedent Analysis Tool Pack
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Create universal structure of folders
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In most cases in consulting you will be doing a lot of different project and you may loose a track of what you have done
Supply chain
General audit
Cost cutting
Sales Force Management
Marketing improvement
Cost cutting
Supply chain
Supply chain
Sales Force Management
Sales Force Management
Marketing improvement
General audit
Supply chain
After a few project you will be lost – you will not remember what was done on what project
Consulting and many services are bout managing knowledge
If you organize the knowledge properly you can reuse it on other projects
Therefore create universal structure of folders
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Below an example of structure used for consulting project
Customer folder
Project A folder
Admin
Legal
PBC
Area A
Area B
Deliverables
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For more go to our extensive on-line course where you can get all additional resources including real examples from our practice
Click to check my course
How to start and run a successful consulting business?
$190 $50
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Pricing
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How you can price consulting projects
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The most useful pricing models are….
Fixed fee
Difficult to define scope Non-standard project Scope evolving Times & Materials
Simple projects Projects with big buffers Projects where you want to hide the fees
Success / performance fee
When performance can be measured by external KPIs To supplement previous methods
Limits To limit certain spending's esp. in the case of time and
materials limits (floors an caps are used)
Per usage This is used in many technical industries where you
cannot control the immediate result of the consulting so link it with the usage / availability of certain resource
Description Example
$ 100 K
Markups
Markups can be a part of fixed fee structure and times and materials
Markup is put on purchases done by consulting company for the project
$ 200/h Traveling costs Food costs
% of Target achieved $ 100 K for achieving
certain goal
$ 200/h but no more than $ 100 K
$ 10/flight hour $ 20 K/plane
15% on costs incurred
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Dynamic pricing
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In dynamic pricing you identify the low seasons and try to sell them at lower price or at higher price
25%
50%
75%
100%
88%
63%
13%
43%
88% 83%
63%
50%
1 2 3 4 5 6 7 8 9 10 11 12
Low season
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There are 2 conflicted approached to treat low seasons
Emergency approach
You keep the people during low seasons waiting for desperate customers that needs the project now
Since you have the resources you can help him yet the price goes up significantly
Such a structure can be a part of your regular contract – at certain time during the year, month, week you charge the client with higher price or above certain number of man-hours; for shorter reaction time
The logic behind
Price in low season with respect to high season
150%-200%
Fire sale approach
In this approach you sale with discount because the resources will be lost if not used
50-80%
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Managing consulting company
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Organizational structure and responsibilities
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Partner
Director
Project Manager
BA A
Project Manager
A BA BA
Director
Project Manager
BA BA
Project Manager
A BA BA
Consulting companies operate using pretty flat structure…..
Market Research Department
Visual Department
Knowledge Base Department
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Partner
Director
Project Manager
Project Manager
Director
Project Manager
Project Manager
Some of them even the Business Analyst and Associate keep in a pool without fixed assignment to specific director or PM
Market Research Department
Visual Department
Knowledge Base Department
Business Analyst and Associate Pool
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Partner
Executive Director
Director
Project Manager
BA Senior BA
Assistant BA
Project Manager
BA BA BA
Director
Project Manager
BA BA
Project Manager
BA BA BA
Obviously bigger company tend to overcomplicate the structure
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What is the role of business analyst?
Business Analyst Associate Senior
Associate (PM) Director Partner
Consulting companies
McKinsey
Business Analyst
Senior Business Analyst
Associate Senior Associate (PM)
Engagement Manager
Associate Principal Principal Director
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Typical structure of a project
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Below you will find some example of project duration for projects done in management consulting
Business Analyst Associate Senior
Associate (PM) Director Partner
Operational Audit
Type of project
Duration in months
3-5 1-3 1-2 1 0.2
Performance improvement – 1 area
2-3 1-3 1 1
Strategy project
3-5 3-6 1 1 0.2
Turn around 5-10 9-24 2-3 1 0.4 0.2
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Rotation
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Rotation is one of the nightmares of a consulting company. It will differ on every position
Business Analyst Associate Senior
Associate (PM) Director Partner
How long you stay in years?
Category
2-3 2-4 3-6 3-6
% of people that leave at certain stage
?
10-20% 20-30% 30-60% 10-30% 20%
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Preparation for scaling
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Introduction
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At some point you will want to cross the bridge from your small kingdom and rule the world
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Recruitment
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In the beginning you will be competing for the best candidates from the best universities
Universities
Established consulting brands You
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Most management consulting workers are recruited from business schools or exact science departments
Business Schools and Department of
Economics
% of all candidates
70%
% of all workers
50%
Exact science (math, physics, computer
science
15% 30%
Medicine 5% 10%
Others 10% 10%
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You can use number of methods to recruit
Comments % of candidates recruited
Direct recruitment to specific position
You have to build the whole recruitment process Usually it consists of logical – analytical test (GMAT
level) + interviews with your employees – 3-9 Usually you recruit for entry-level positions
50-70%
Internships They have to go through at least the part of the normal
recruitment – tests and 1-2 interviews Helps you test in real life the candidates You have to give them real work and not making coffee
10-30%
Closer cooperation with students and student
organizations
You can either recruit directly to specific position or to internship
It can be an event, ambassador program, cases solved with students
10-30%
Closer cooperation with the universities
You can either recruit directly to specific position or to internship
It can be event, lecture, joint conference, projects done together.
10-30%
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What improves your odds of getting good candidates for entry level position?
Let them do real work
Train them better and faster than other
Make sure that after working for you they got great jobs
Stay in touch with your alumni
Take advantage of stronger brands of your customers
Put them to work for your customers
Work hand-in-hand with student organization to actively search for the best candidates
Go to universities with lower rankings
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Trainings
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To create proper training you have to take care of number of issues
Targeted end-profile of a employee on every level
Time Option 1: 1-2 months a year Option 2: 1 day a week
Forms of training
Lectures Practical exercises esp. oriented at mastering certain consulting skills: Excel,
communicating with slides etc. Workshops devote to certain area, skill, industry, trend Case studies Lesson learnt
Resources Money Coaches / Mentors
Sales Marketing Operations Programming
Current level
Target level
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For more go to our extensive on-line course where you can get all additional resources including real examples from our practice
Click to check my course
How to start and run a successful consulting business?
$190 $50
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Check my presentation on on-line models to understand them properly
Market research Practical guide for startups and entrepreneurs
presentation
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Check my extensive presentation on productivity hacks to see how you can me 10x more productive
Management consultant productivity hacks
How to be lazy and still get things done
presentation
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Check my presentation on on-line models to understand them properly
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presentation
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Check my presentation on on-line models to understand them properly
How to open a successful restaurant A practical guide
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Subscribe to our channels:
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For more go to our extensive on-line course where you can get all additional resources including real examples from our practice
Click to check my course
How to start and run a successful consulting business?
$190 $50