Free Consulting for Startups, you bet.

February 25th, 201012:31 pm @ f3 fund it

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Free Consulting for Startups, you bet.

BY F3FUNDIT

Free Startup Consulting?

So you’ve got a problem, there’s a process and you just can’t seem to understand how to get around that process while keeping that something vital to your business model. You talk to your partners, they’re stumped as well, friends and family can’t help, and colleagues just don’t have the time to devote to the problem.

What do you do? Get a consultant. Sounds great except for the fact that these guys can charge a couple of hundred an hour and as a startup the last thing you have is a a few spare grand laying around that you can throw at someone who may not be able to provide you with an adequate solution. But there is good news.

And that good news is you’ve got access to consulting clubs and entrepreneurship clubs at universities and MBA programmes. Most majour cities will have at least one university that has a good enough MBA programme, and those students who are in those clubs will be more than eager to tackle any real world entrepreneurship, or consulting issues you may have. Why? Simple, it’s real world experience, and they’re learning from the real – day to day – problems of your company. Not only that they’ll be able to slap that bit about helping you on their CV’s and it’s sure to look good.

But aside from just contacting a club and saying “hey, I’ve got this issue” – turn it into something more, propose presenting your company to these students, and then pose your problem, ask them how they would fix it. If you’re a non-business type entrepreneur where you’ve just recently learned about i.e. business plans & P&L’s, but know how to say… rectify colon cancer (no pun intended), then the business help from these lads and ladies may be exactly what you need and are looking for.

Why not hire a MBA intern?

There’s even a chance that the person you’re pitching to could spend a few good months over the summer with you getting you an your company ready to pitch to the right people. If the relationship between your company and the school and some of the students is a good one, consider hiring a MBA intern.

In terms of a consulting club, this is a bit of a different approach as these guys are going for the MBBB (McK, Booz, BCG, Bain) group, and you should pitch your problem as a possible project for them. They’ll get hands on experience, and you’ll get a report that otherwise would have cost you a nice chunk of change.

Remember, as entreprenerus, we have to be resourceful, and utilize those resources around us effectively, and efficiently. Business schools are a great place to find those resources, the students are motivated and yearn for hands on real world experience. Why not give them what they need?

If interested in working with MBA’s – or if a MBA and interested in working with Startups – contact us – info @ f3fundit.com – we’ll put you in touch.