Saturday 13 December 2014

Are you planning to hire a management consultant?

Read the following before you do!

A management consultant is someone who knows the Kama Sutra by heart, but does not know any woman!


The management consultancy scam:



How a leading Management Consultancy Firm advised Swissair to use “Hunter Strategy” to expand. This flawed strategy led to the bankruptcy of Swissair!

A scary Swiss meltdown:



A nation in shock: Swissair crisis

For years, Switzerland has prided itself on having one of the most prestigious airlines in the world. But the humiliating demise of Swissair has left the nation stunned.



McKinsey’s airy platitudes bode ill for its next half-century

http://www.ft.com/cms/s/0/9dbce952-38d7-11e4-9526-00144feabdc0.html



The consulting firm, Monitor Group, provided research for a PhD thesis Colonel Gaddafi's son Saif al-Islam submitted to the London School of Economics.

Monitor, which had 1,500 employees worldwide, organized roundtables and produced studies on stimulating business in Libya. It provided research for a PhD thesis Gaddafi's son Saif al-Islam submitted to the London School of Economics in 2008.

At one point, the firm proposed a mass-circulation book—for an additional price of $2.45 million—that according to a Monitor memo would "allow the reader to hear Gaddafi elaborate, in his own words and in conversation with renowned international experts, his core ideas on individual freedom, direct democracy vs. representative democracy, and the role of state and religion."

In November 2012, Monitor was unable to pay its bills and was forced to file for bankruptcy protection!



Consultant Joke

A shepherd was tending his flock in a remote pasture when suddenly a dust cloud approached at high speed, out of which emerged a shiny silver BMW. The driver, a young man in an Armani suit, Ferragamo shoes, the latest Polarized sunglasses and a tightly knotted power tie, poked his head out the window and asked the shepherd, “Hey! If I can tell you how many sheep you have in your flock, will you give me one?”

The shepherd looked at the man, then glanced at his peacefully grazing flock and answered, “Sure.”

The driver parked his car, plugged his phone into a laptop and briskly surfed to a GPS satellite navigation system on the Internet and initiated a remote body-heat scan of the area. While the computer was occupied, he sent some e-mail via his Blackberry and, after a few minutes, nodded solemnly at the responses.

Finally, he printed a 150 page report on the little laser printer in his glove compartment, turned to the shepherd, waving the report, and said “You have exactly 1,586 sheep.”

“Impressive. One of my sheep is yours.” said the shepherd.

He watched the young man select an animal and bundle it into his car. Then the shepherd said: “If I can tell you exactly what your business is, will you give me back my sheep?”

Pleased to meet a fellow sportsman, the young man replied, “You are on.”

“You are a consultant” said the shepherd without hesitation.

”That is correct,” said the young man, impressed. ”How ever did you guess?”

“It was not a guess,” replied the shepherd. “You drive into my field uninvited. You ask me to pay you for information I already know, answer questions I have not asked, and you know nothing about my business. Now give me my back my dog.”


Sunday 30 November 2014

Are entrepreneurs born or can they be taught?


You have got a great business idea and you think you could make a lot of money from it - what do you do?
Perhaps you set up your own company, dedicate your life to it, and through drive and determination make a fortune.
Or maybe you just forget about your idea, and quietly get back to your salaried day job.
While most of us fear we would be in the latter camp, the entrepreneurs of this world would undoubtedly have a go at the first option.

Check the following for more:



Pioneer who rode a wave

Iqbal Ahmed likes things big. His office comfortably outstrips that of most plc bosses in scale. A vast wooden bureau contains two huge computer screens that continuously track seafood prices and bring news from the UK and his homeland, Bangladesh.

Check the following for more:



Eight successful entrepreneurs give their younger selves lessons they wish they'd known then

The start-up rejected by investors 45 times in a row

The businesswoman who triumphed over adversity
It was surviving a brush with adversity that allowed Anisa Telwar's business to really grow.

Dragons' Den reject Fat Lad At The Back pedals to retail success


The maker of plus-size cycle wear is growing at 23pc month-on-month after being laughed out of the Den!




"Discouragement and failure are two of the surest stepping-stones to success" Dale Carnegie




Thursday 30 October 2014

The Start Up Loans Programme - Is it a hype?


The UK government has launched the start-up loans programme in order to help budding entrepreneurs.

Similar schemes have been launched before with a lot of fanfare, but they have failed to deliver results.

For example, Business Link was established in 1992. It had an annual budget of over £150 million.

Business Link offered consultants an opportunity to milk the taxpayer while providing useless advice to entrepreneurs. Many businesses were left disappointed at the Business Link service, calling it a waste of money.

Business Link was shut down in 2011.

The Business Link website was launched in 2004. In 2010, it emerged that the website cost £35 million a year to run!


We are keen to hear your views on the Start Up Loans programme. Please feel free to share your experience here - including the good, the bad and the ugly!

How useful did you find the programme?

What effect will this have on your business, if at all?

How would you rate the consultants and mentors?



Useful Links:

The £105m website


Business Link: never fit for purpose


Business Link website costs £35m to run