How to launch a management consulting practice and excel as a Management Consultant (includes a free template in Powerpoint)

By Aurelien Domont • 3 min read • February 12, 2024

 

Approach to launch a management consulting practice and excel as a Management Consultant

Our team of ex-McKinsey, Deloitte & BCG Management Consultants created a Management Consulting Toolkit to help you launch a consulting practice and excel as a Management Consultant.

The Toolkit includes frameworks, tools, templates, tutorials, real-life examples, best practices, video training, and the following 5-phase approach: (I) Create a business plan for your consulting practice, (II) Create your consulting proposal and legal agreements, (III) Identify your client’s problem, (IV) Find a solution using world-class frameworks & Tools, (V) Present effectively.

 

Phase 1: Create a business plan for your consulting practice

This phase includes 11 sections: (1) Business plan canvas, (2) Problem to solve and solution, (3) Mission, vision and values, (4) Strategic objectives, (5) Market analysis, (6) Competitor analysis, (7) Marketing plan, (8) Business structure, (9) Financial plan, (10) Business valuation, (11) Next steps.

 

Phase 2: Create your consulting proposal and legal agreements

This phase includes 2 sections: (1) Consulting proposal: Situation and key challenge, Proposed solution, Business case and financial model, Approach, Our value proposition, Proposed team, Consulting fees, Next steps, (2) Legal agreements: Business consultant agreement Non-disclosure agreement, Non-compete agreement.

 

Phase 3: Identify your client’s problem

This phase includes 5 sections: (1) Internal analysis: Financial analysis, HR analysis, Marketing analysis, Customers analysis, Suppliers analysis, (2) Market Analysis: Target market, Market sizing with TAM, Market attractiveness with Porter’s 5 Forces, Environment analysis with PESTLE, (3) Competitor Analysis: Competitor identification, Benchmarking, Strategic group mapping, Competitor profiling, (4) Problem identification tools: Issue tree, Five whys, Fishbone diagram, Problem definition worksheet, (5) SWOT summary.

 

Phase 4: Find a solution using world-class frameworks & Tools

This phase includes 4 sections: (1) Frameworks to answer common strategic questions: What caused the company’s profit to decrease?, Should we enter a new market?, Should we introduce a new product?, Should we acquire this company?, (2) BU/Product portfolio management tools: GE-McKinsey Matrix, BCG Growth-Share Matrix, (3) Growth strategy tools: 7 Degrees of Freedom for Growth, Ansoff Growth Matrix, Blue Ocean Strategy, McKinsey Seven-S, Porter’s Generic Corporate Strategies, Product Life Cycle, (4) other frameworks and tools: Value Chain Analysis, Value Driver Tree, Pareto Principle, etc.

 

Phase 5: Present effectively

This phase includes 2 sections: (1) Presentation structure: Situation, complication and question, Pyramid principle, Storyboard, (2) Top 300 ready-made consulting diagrams and charts: Business roadmaps, Conceptual charts, Dashboards, Editable maps, Funnel diagrams, Logical & decision trees, Matrix, Organizational charts, Process maps, Project plans, timelines & Gantt charts, Speedometer charts, Tables, Virtuous cycle charts, Waterfall charts, Etc.

 

Download our approach and a free sample of the Toolkit using a computer:

 

Need more help? Check our Toolkits: