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8.7 yr yoe, how can I negotiate with hcl ?@hcl
How are hours in CMAAS?
Anyone out here?
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3 for 4 on upgrades this week. Delta FTW.
Chief
Rising Star
What are your favorite management books?
Bain & Company Which are the best consulting firms and practices for Climate Change & Sustainability, especially in the Canadian geography? Also, please suggest the best Canadian city for consulting jobs.
McKinsey & Company | Boston Consulting Group | Bain & Company | Kearney | LEK | EY | Oliver Wyman | PwC | Deloitte
#ClimateChange #Sustainability #Water #ESG
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Gosh it’s that simple, I never thought about it
Chief
Building your own firm is more likely to end in failure than success
The metric you should use here is “risk-adjusted ROI” - this will generate a different answer
The 'I' of ROI is significantly higher in setting up own firm. You are probably looking at just the 'R' part.
Have you ever heard the adage, “the smart ones leave, the bad ones get fired, and the rest stay?”
In all seriousness, many partners want predictability. Maybe $1-$5M in cash comp is low to you, but there are few paths that will deliver stable par-value returns.
Read up on venture trajectories...if everyone could build a successful venture as easily as they could work their way up the ladder, you’d see more people doing that.
The labor market is as efficient as any other...
Why just one? I have like 5 companies
I worked for a start up consulting firm from Day 1 of its founding. Started it, Built it, Grew it, made Partner and sold it to a technology company. It took ten years.
It was a great experience. But nothing was certain. We were lucky and good.
Went to industry post sale for several years. Decided to come back to consulting.
Became a B4 partner. Requires less luck to be successful. Just be undeniably good. Not worrying about payroll. Or needing to make a sale to keep the firm going is freeing at this point in my career.
Rising Star
OP, you might want to look up the success rate of small businesses. For every one that succeeds and prints money, there are dozens that either fail outright or don't turn in the big bucks.
Rising Star
You’re missing a basic component of expected return which is the probability of R. So the expected return of a startup significantly reduces.
What makes you think half the partners aren't trying to start their own business in parallel?
You can make millions as a YouTuber as well, just have to upload some videos
The problem for most people who have good stable jobs is risk, as everyone else had mentioned. If everyone either had no money anyways or came from money already, then I’m sure there would be even more entrepreneurs than there are currently. Health insurance alone is valued at like 30k a year per person.
Social media blew up not because the majority care that much about creating, but because there aren’t any “better” alternatives for people to make more money if they’re not willing to figure out a way to get a corporate job, so they might as well take the leap into being a “creator”
Any insights in what a founding partner at a small firm (say 5-20 employees) would make?