"Lofty ideas at bargain basement prices" Laura Fowlie, National Post, Nov. 29 2004 MBA students give advice: Less than half the cost of a big-name consultant When it comes to problem-solving, many entrepreneurs do not like asking for help -- and they like paying for it even less. But there are often times when outside expertise is needed. The good news is that high-quality business consulting services are available through many Canadian business schools -- in most cases at less than half the cost of hiring a big-name consulting firm. Student consultants, many of whom are entering their second year of a masters of business administration program, generally have access to university data and facilities, research resources and faculty expertise -- a formula that can keep their overhead costs low while allowing them to supply high-quality solutions. The University of Alberta s Varsity Consulting Group, for example, offers free initial consultations to small and not-for- profit enterprises on a variety of business issues including financial modelling, market research, human resources, operations and strategic planning. After that, the group charges $50 an hour for the services of two student consultants. This type of work gives students valuable insight into actual business problems, the costs and barriers of solutions and, perhaps most importantly, a vivid picture of what a potential consulting career entails. "I started my MBA because I wanted to shift my career from a purely technical path to a more managerial one, and along the way I have become more interested in consulting," says Greg Thiessen, a 39- year-old process engineer and second-year MBA student at McGill University in Montreal. Earlier this year, Mr. Thiessen joined the McGill Business Consulting Group, a partnership of six students that has been affiliated with the school for the past 21 years. The group operates on a 12-month cycle -- full-time in the summer and part-time during the school year. After that, they interview and choose their successors for the following year. Throughout the summer months, Mr. Theissen says, student consultants at McGill have the potential to earn up to $8,000 -- not an overly rich paycheque, but one that comes with many other rewards. "There s a lot of satisfaction with seeing your first client come through the door, and with running your own business," Mr. Thiessen says. "I think we offer some very good personalized service and ideas to the businesses we serve, many of which are small businesses." Although student consulting groups often provide a full range of services, research shows small business owners often need ongoing help to formulate and revise their strategic and annual business plans as market conditions change. MBA student consultants, many of whom bring diverse backgrounds to the table, can lend clarity to entrepreneurial ideas and vision. Scott Turner, owner of Toronto-based Chester Vending Services, had been in business for about nine months when he was referred to the Impact Consulting Service at the University of Toronto last summer for help revising his business plan.
Mcgill Business Consulting Grp is Montreal-based company (Quebec, Canada) with a phone number 5143985846. Our data show that the company is located at the address: 1001 rue Sherbrooke O Bureau. The company has a web site: www.mbcg.com.
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