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Hiya! Whilst I'm here to introduce myself and look for a co-founder, I thought I'd also share a bit of insight into what it's like to be a management consultant as I get asked this question a lot. I'll break it up into two parts so please feel free to skip the management consultant bit
About me:
Management Consultant Life
Once again, if you have any questions or if you'd like to start chatting to see if we'd be a good partnership for startups, please get in touch!
About me:
- Have always wanted to be an entrepreneur, since high school
- Over the years tried starting a few ventures but finding the right (work-ethic, beliefs, skills, life priorities etc.) co-founder is difficult!
- Invested in 50+ startups to learn
- Became a management consultant in one of the Big 4 (UK) to gain maximum exposure to multiple industries, complex problems, and really challenge myself whilst hoping I'd meet a co-founder with the necessary work ethic and problem-solving attitude (summary: I was wrong because most of the working force, whilst brilliant, are slowlaners).
- Consumer of non-fiction, educational books with Millionaire Fastlane being the latest one
- Looking for a co-founder to make dreams a reality!
Management Consultant Life
- Expectations from both your colleagues and clients are extremely high. You're expected to meet some level of expertise, skill, or knowledge simply because you're a consultant despite no prior experience. For example, as a graduate 6 weeks into the job, I was consulting the CTO of a private bank on data migration. Combined, the four elderly gentlemen in front of me had 200 years of working experience whilst I only the 6 weeks + 8 months of startup experience. Oh and did I mention that I studied Economics in uni with no knowledge of data or data migration?
- Cliche but I'll add more colour - no two days are the same. One day, you're building a powerpoint deck on the future target operating model of a company (how a company should operate across people, processes, technology), and the next you're to abandon that having worked on it for 3-30 days and immediately work on assessing how the current operating model differs from a foreign competitor.
- The work is demanding and complex. Using the example of comparing to a foreign competitor, that assessment required reaching out to the embassy in that foreign nation, to be put through to the right contacts before we could even begin the assessment. Oh and whilst we're liaising with the embassy for this additional assessment, 3 more client 'asks' were made in addition to the original scope of building the future operating model. All to be delivered within the original deadline of the first ask, same amount of team members. In between these asks, you're still required to produce weekly progress reports and present to different stakeholders on the work done so far.
- Long hours. To get the amount of work done in the timeframe required, 8am-8pm is normal. Getting off at 8pm is a luxury in some firms.
- The work is not only incredibly difficult intellectually, it is also emotionally and physically draining. As a consultant, you're constantly being challenged by the very people you've been brought in to help. They look at you with skepticism, trying to trip you up at every opportunity. And imagine being told conflicting information by 3-4 different stakeholders, and you can't get them all in the same room. Clock is ticking, how do you resolve the discrepancy when you're already in 40 meetings a week (not an exaggeration)? This is why it's draining, you have back-to-back meetings with no thinking time to actually do the work and therefore 6pm onwards is when the real work starts. 8am-6pm are basically meetings. Through it all, I've also had to help clients with their mental health - a consultant is there to help!
- Your day job is not enough, you also need to take up 'side of desk' work to make sure you stand out from your over-achieving peers. This includes organising events, working on proposals, mentoring etc. As per point 1, everyone expects you to excel at your job so being great is not enough. You have to be exceptional.
Once again, if you have any questions or if you'd like to start chatting to see if we'd be a good partnership for startups, please get in touch!
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