Resource:How to develop a student-led consulting organization

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(Summary) - Christian

1. Student-led consulting organization
   1. Intro, Tourism analogy - Sid
   2. How to divide up consulting: technology, operations, strategy -
   3. Difficulties to overcome - Sid
2. Starting the consulting organization
   1. Intro - Sid
   2. Recruiting and motivating students -
   3. Obtaining clients -
   4. Contracts, lawyers -
3. Growing a sustainable organization
   1. Maintaining consistency in the market - Sid
   2. Forming a corporate structure -
   3. Leveraging advantages being student-led -

1.a

The student-led organization that Will started is a firm in which students give ideas and advice to clients who approach them for a fee. These clients may be individual clients or organizational clients. For example when we travel to places we are not aware of, we hire a guide to us about the places and we need to pay him. If some of such guides form a group and take turns to guide people it is a small Consulting Organisation. In the same way if it is led by students, It is called a Student-led Consulting Organisation

1.b

Grouping may be done according to the strenghts of individuals or else asking them to join the group of intrests . An organisation will be more successful only when the employees work according to their passion. Make sure that you recruit only people that are passionate to work.Do not take any chance in recruiting because it would be only a project for you but it may be life for somebody else.

1.c

Generally studnets will be much eager in starting such organistaons and may not look at al the difficulties they may come across.The major Difficulties they may come across are:

1. They may not get sufficient capital. Also if they get enough , they may not expend in the right way.

2. They may also get the problem while working in team , certainly no one would comprimise on their ideas.

3. Also if they overcome every difficulty , promoting their organisation plays a very important role.

4. Retaining their position in market for a long period also another difficult task for them.

2.a

First of all the students who look forward to start a Consulting Organisation , should look at the basic needs that the people want. Then they need to think upto what extent they can contribute to meet the needs of people.

3.a

Attaining concsistency is not small thing to acheive. because it does depend on many internal and external factors of the organisaton. The organisation should Improve their strengths and overcome thier weaknesses.Other than these the organisation should look at the opportunities that are available to them in market. It should also look at the threats such as competeition etc. Besides these, the organisation improve its Research and Development ( R&D ) unit. Because once a problem is solved , certainly another problem will be arised. So the organisation should keep them updated according to the needs.

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What is a Student-led Consulting Organisation ????

            A  Student-led Consulting organisation is a firm in which  the students wil give ideas and advices to the clients who approach them for a fee. The clients may be indivdual clients or organistainal clients.

             For example when we travel to places we are not aware of , we hire a guide to us about the places and we need to pay him.  If some of such guides form a group and take turns to guide people it is a small Consulting Organisation. In the same way if it is led by students , It is called a Student-led Consulting Organisation,

How to kick start a Student-led Consulting Organisation ???

                 First of all the students who look forward to start a Consulting Organisation , should look at the basic needs that the people want. Then they need to think upto what extent they can contribute to meet the needs of people. Generally studnets will be much eager in starting such organistaons and may not look at al the difficulties they may come across.

                The major Difficulties they may come across are :
                          

                                        1. They may not get sufficient capital. Also if they get enough , they may not expend in the right way.

                                         2. They may also get the problem while working in team , certainly no one would comprimise on their ideas.

                                         3. Also if they overcome every difficulty , promoting their organisation plays a very important role.

                                         4. Retaining their position in market for a long period also another difficult task for them.

 So in order to overcome these difficulties,  students need to convince the investors to invest on them and the capital should be expended correctly.

In order to avoid the misunderstandings in a team they need to elect a team leader and obey his decissions.Students should  use technolog for their promotion. and keep themselves updated with the trending technologies. 

Types of Consulting Organisation

                 Based on the acedemics students are involved in, they may develope consulting organisations of different streams. It may be of following kinds

                             1. Technical

                             2. Medical

                             3. Marketing

                             4. Accounting

                             5. Information Technology

                             6. Law

                             7. Others

          Grouping may be done according to the strenghts of individuals or else asking them to join the group of intrests . An organisation will be more successful only when the employees work according to their passion. A miscelleneous consulting organisation consists of all the above departments. So one should make sure that the grouping should be done according to their intrests.

          Make sure that you recruit only people that are passionate to work.Do not take any chance in recruiting because it would be only a project for you but it may be life for somebody else.

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How to attain consistency in the market ???

        Attaining concsistency is not small thing to acheive. because it does depend on many internal and external factors of the organisaton. The organisation should Improve their strengths and overcome thier weaknesses.Other than these the organisation should look at the opportunities that are available to them in market. It should also look at the threats such as competeition etc. 

          Besides these, the organisation improve its Research and Development ( R&D ) unit. Because once a problem is solved , certainly another problem will be arised. So the organisation should keep them updated according to the needs.