Resource:How to develop a student-led consulting organization
Contents
Attention team members:
Please choose a section of wiki page and add content to it, sign your name after your work to show contribution. There will be 3 main section to our page, the subdividing letters will be paragraphs
(Summary) - Christian
- Student-led consulting organization
- Intro, Tourism analogy - Sid
- How to divide up consulting: technology, operations, strategy -
- Difficulties to overcome - Sid
- Starting the consulting organization
- Intro - Sid
- Recruiting and motivating students -
- Obtaining clients -
- Contracts, lawyers -
- Growing a sustainable organization
- Maintaining consistency in the market - Sid
- Forming a corporate structure -
- 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.
2.c
Starting a client list can be intimidating at first and one of the toughest things in starting a consulting organization, but a good strategy in growing that list is good marketing. Clients will usually approach you if they know you have technical skills they need, but you need to be out there talking to people. A good way source of clients is the engineering department at your school; companies often reach out to different departments asking for students to work on projects and they can refer them to you. Business plan competitions or community plan competitions are another good option as they usually have start ups looking for people to satisfy certain needs. Another less thought of option is proactively emailing local companies letting them know you exist and are happy to work with them if they ever need your assistance.
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.
3.c
There are many ways to leverage the benefits in being a student led consulting organization. Being students gives the advantage of being able to charge less; many students don’t have many living expenses outside of tuition and room and board; recourses are also provided on campuses, such as meeting rooms and office supplies. Another benefit in being student led is the education mission, where clients feel good they are helping students learn and giving them a chance to work on real world projects.
---
---
---
Hey Candidates! Welcome. Thank you for collaborating with your fellow interviewees to create a resource that helps student changemakers for years to come. We created a very simple template for you with section headings that your should swap out for your own, picking from the template we provided you here. Use the text editor or OR click on Show wiki text editor (highly recommended) to use the very simple text interface. To add photos, you must create an account by clicking 'Log in / create account' under 'Personal Tools' menu to the right. Wait 12-24 hours for access. Don't forget to write down your username and password. If you have any questions, visit this page or contact team@universityinnovation.org. Delete this paragraph after building out your page.
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.
`
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.