What is the aim of this presentation?
No matter how much you earn it’s not easy to build wealth. The money you earn somehow magically disappears although it seems to you that you have been quite frugal. On top of that, it’s difficult to make certain tradeoffs in life where you have to spend money: Should you cook on your own or buy prepared food? Is it better to rent apartment of buy your own? Should you go for MBA or not? We are not taught at school to make rational decisions and manage our money and wealth. Luckily, there are a lot of nice management consulting tools, techniques and frameworks that will help you spend less, be more efficient, earn money and generate additional income. You don’t have to go to top consulting firm to learn them. You can master them by taking my presentation.
This presentation will help you drastically improve your skills in managing money and making more rational choices using management consulting tools, techniques and frameworks. If you have a specific problem just let me know and I will give you tips on how to solve it using the tools presented in this presentation.
The presentation is designed for people who want to become more data driven and less emotional in the way they manage money and make decisions related to money. Thanks to the presentation you will be making better decisions and you will learn techniques that will help you faster build your wealth. In the presentation you will learn 6 main things:
1. How to spend less money
2. How to make sure that you spend money on the right things
3. How to be more productive, work faster and more efficiently
4. How to earn more money
5. How to generate additional revenue streams
6. How to invest wisely your money
You can find more in my course: http://bit.ly/PersonalFinanceHacks
Overview of business models used in on-lineAsen Gyczew
We work with startups on daily basis within our accelerator StartupAkademia and we have noticed that despite tones of very good books on lean methods (i.e. Lean Analytics, Running Lean etc.) startups as well as small / medium businesses have problems with applying this knowledge in practice. We have noticed that, especially first time startups, do not really understand their business model (which is totally understandable). That's why, it is very difficult for them to know what they should concentrate on. Most entrepreneurs / startups have more or less clear business idea but quite often they do not know the business models they can chose and end up learning it the hard way, through their mistakes. Some of them have read the Lean analytics, Lean Starup or Running Lean but even then they do not know exactly how to translate it into coherent Excel model. A business model in the form of Excel is very important for evaluating your business, seeing how much cash you need and how your hypothesis and KPIs are translating into the business
Therefore we build a course on Udemy: https://www.udemy.com/on-line-business-models-in-excel-practical-guide/
The presentation you will find here is just a fraction of what you can find in the course
What will this course give you?
The course is a practical, step by step guide loaded with tones of tips and tools that will help you significantly speed up with your business, especially if you are a startup or a small / medium business. There is little theory – mainly examples, a lot of tips from our own experience as well as other notable examples worth mentioning. Our intention is that thanks to the course you will know:
- What your business model is about, what to concentrate on and what are the key KPIs for you?
- How you can translate it into Excel and evaluate your business?
- How to make conclusions on the basis of your business model presented in the form of Excel
Production Planning for Management Consultants & Business AnalystsAsen Gyczew
A practical guide on how to do analyses during consulting projects
What is the aim of this presentation?
Consulting firms are hired very often to help with Supply Chain and Production. During such projects, you will quite often have to look at the production planning and optimize it. Optimizing production planning will require a good understanding of what drives production capacity, as well as how production can impact the costs in the whole supply chain. In this presentation, I will teach how to perform fast and efficiently different types of analyses related to production planning.
In the presentation you will learn the following things:
1. What the production capacity depends on and how to estimate it
2. How to find optimal production batches for different products in Excel that will minimize costs in the whole supply chain
3. How to plan production capacity for the future
4. How and when to use different methods for production planning
This presentation is based on my 15 years of experience as a consultant in top consulting firms and as a Board Member responsible for strategy, performance improvement, and turn-arounds in the biggest firms from Retail, FMCG, SMG, B2B, and services sectors that I worked for. I have carried or supervised over 90 different performance improvement projects in different industries that generated in total 2 billion of additional EBITDA.
For more check the following course: https://bit.ly/ProductionPlanningAsen
Scaling Business for Management Consultants & ManagersAsen Gyczew
A practical guide on how to scale businesses in practice fast and efficiently
Course summary
What is the aim of this course?
If you have managed to build a successful business that is also profitable, at some point you will start thinking about scaling your business and drastically growing its size and profits. This will require a different approach than the everyday management of the business. You need different frameworks to scale fast & efficiently the business. In this course, I will teach you how to find ways to scale the business fast & efficiently. I will also show you how to prepare the organization for scaling
In the course you will learn the following things:
1. How firms like Tesla, Amazon have scaled their business
2. How to scale different areas of you firm
3. How to identify biggest bottlenecks preventing you from scaling
4. How to estimate the speed of scaling
5. How to design your scaling process
6. Scale faster
7. Scale successfully Sales, Operations and Recruitment
For more check the following course
https://bit.ly/ScalingBusinesses
Strategy is one of the most dreaded subjects in any business. There are so many conflicting frameworks that are difficult to decide what to choose. In this presentation, you will learn a framework that will help you formulate and execute the strategy for your businesses on the level of top consulting firms i.e. McKinsey, BCG, Bain, PwC, EY. You will also see how others are implementing their strategic choices. What you will see here is a part of my online course: https://bit.ly/StrategyForConsultants
Check also the course on M&A: https://bit.ly/MAMConsulting
M&A is one of the way to expand the business, disrupt others and protect yourself against disruption. We will see how this has been achieved by Disney and Amazon
Segmentation Methods for Management Consultants & Business AnalystsAsen Gyczew
A practical guide on how to analyze segments of customers during consulting projects
If you are participating in a consulting project devoted to Sales & Marketing or Strategy most likely you will have to either do segmentation or analyze existing segments of customers. You will try to achieve it on the basis of internal data, market research as well as other external data. In this course, I will teach how to rapidly and efficiently segment customers and analyze existing segments during consulting projects.
In the course you will learn the following things:
1. How you can segment customers?
2. When to use a specific segmentation technique?
3. Crucial Excel formulas you will need to do segmentation
4. How to do simple segmentations in Excel using internal or external data
5. How the B2B segmentation differs from B2C segmentation
This course is based on my 15 years of experience as a consultant in top consulting firms and as a Board Member responsible for strategy, performance improvement, and turn-arounds in the biggest firms from Retail, FMCG, SMG, B2B, and services sectors that I worked for. I have carried or supervised over 90 different performance improvement projects in different industries that generated in total 2 billion of additional EBITDA. On the basis of what you will find in this course I have trained in person over 100 consultants, business analysts and managers who now are Partners in PE and VC funds, Investment Directors and Business Analysts in PE and VC, Operational Directors, COO, CRO, CEO, Directors in Consulting Companies, Board Members, etc. On top of that my courses on Udemy were already taken by more than 103 000 students including people working in EY, Walmart, Booz Allen Hamilton, Adidas, Naspers, Alvarez & Marsal, PwC, Dell, Walgreens, Orange, and many others.
For more check the following course:
https://bit.ly/SegmentationMC
As a business analyst or a management consultant you have to master some vital skills that will help you survive the first 2-3 years of your work. Some of the have to do with tools (Excel, Presentations). Others with your productivity and skills (financial modeling, business modeling). You also have to learn tools techniques and frameworks that will help understand faster the business and provide more value. In this presentation you will find an overview of most important things that you have to master along with suggested courses that I recommend taking. They will help you become more efficient and will help you develop your skills and knowledge.
What exactly does a consultant at McKinsey do?Asen Gyczew
If you want to join consulting, find a work in McKinsey, BCG, Bain or other top consulting firms then you most likely wonder what consultants do in practice. In this presentation I will briefly try to summarize it.
The work you do depends on your position at a consulting firm:
1. Business Analyst – is the entry position in most consulting firm. Here you do a lot of research for specific projects or business development. You are also responsible for delivering most of the analysis that end up in the deliverables (presentation) along with accompanying slides. The workload is huge. You are not efficient as the rest of the team so you end-up working 12-15 hours 6-7 days a week. On average you stay on this position 2-3 years.
2. Associate / Senior Consultant. This guys are extremely experience so most of the things they can do independently. The not only perform part of analyses during the project but they also do a lot of project management. Typically 1 Associate would supervise 1-3 business analysts. On many occasions you start interacting with the Customer – Directors, VPs, C-level. You gradually are being prepared to manage project and sell them. You spend on this position 2-3 years
3. Engagement Manager / Project Manager. On this position you have to deliver the project. You do hardly any analytical work yet you have to check the work of BAs and Associates. On top of that you will manage at least to some extent the relationship with the customers.
4. Associate Principle / Partner / Director. On this position you are the sales man. You have to generate demand for the services, convince potential customers to pay your high fees and also to supervise the delivery of some projects. On this position you are constantly on meetings, phone calls, traveling from one city to another, from project to another. Most of the days you network and talk to CEOs, COOs, Board Members, PE Partners and others. You still have to bring a lot in revenues to stay in the firm. In some cases you supervise also part of the projects (at least on paper) and be the face for specific area or industry.
MVP – how to test your business idea without building the productAsen Gyczew
It is not that difficult to have a business idea even one that seems like a breakthrough and instant success. The reality bites and 90% of startups fail fast and at the same time cost their founders a small fortune. That’s why the recent development of so called lean startups revolves around learning fast and at small cost to build a product customer need and are willing to pay. Crucial part of this path is a creating a prototype of your product that enables you to test the reaction of your potential customer. This is the MVP – Minimum Viable Product.
MVP has to be Viable which means that it delivers some noticeable value to the customer, solves his pain. Minimum means that it cannot be overcomplicated, it has to have the minimal amount of features for you to be able to draw the right conclusion on what works and what does not work.
In most cases the choie of MVP stops at the landing page as the Holy Grail of lean startup and testing, the ultimate MVP, but the life is much more complicated and landing page in many cases simply is not enough? How do you test community and whether people will share and comment? How do you want to test physical products that have to be tasted and smelled?
On top of that not all MVPs are born equal. Some test one part of your business model whereas others are perfect for testing different question marks that pop-up constantly in your mind.
In this presentation we will show you through examples what should be the MVP for your business model, how to pick the right one for your needs and what are the added benefits of MVP. We will also give estimation of the costs and time needed for creation of MVP.
Overview of business models used in on-lineAsen Gyczew
We work with startups on daily basis within our accelerator StartupAkademia and we have noticed that despite tones of very good books on lean methods (i.e. Lean Analytics, Running Lean etc.) startups as well as small / medium businesses have problems with applying this knowledge in practice. We have noticed that, especially first time startups, do not really understand their business model (which is totally understandable). That's why, it is very difficult for them to know what they should concentrate on. Most entrepreneurs / startups have more or less clear business idea but quite often they do not know the business models they can chose and end up learning it the hard way, through their mistakes. Some of them have read the Lean analytics, Lean Starup or Running Lean but even then they do not know exactly how to translate it into coherent Excel model. A business model in the form of Excel is very important for evaluating your business, seeing how much cash you need and how your hypothesis and KPIs are translating into the business
Therefore we build a course on Udemy: https://www.udemy.com/on-line-business-models-in-excel-practical-guide/
The presentation you will find here is just a fraction of what you can find in the course
What will this course give you?
The course is a practical, step by step guide loaded with tones of tips and tools that will help you significantly speed up with your business, especially if you are a startup or a small / medium business. There is little theory – mainly examples, a lot of tips from our own experience as well as other notable examples worth mentioning. Our intention is that thanks to the course you will know:
- What your business model is about, what to concentrate on and what are the key KPIs for you?
- How you can translate it into Excel and evaluate your business?
- How to make conclusions on the basis of your business model presented in the form of Excel
Production Planning for Management Consultants & Business AnalystsAsen Gyczew
A practical guide on how to do analyses during consulting projects
What is the aim of this presentation?
Consulting firms are hired very often to help with Supply Chain and Production. During such projects, you will quite often have to look at the production planning and optimize it. Optimizing production planning will require a good understanding of what drives production capacity, as well as how production can impact the costs in the whole supply chain. In this presentation, I will teach how to perform fast and efficiently different types of analyses related to production planning.
In the presentation you will learn the following things:
1. What the production capacity depends on and how to estimate it
2. How to find optimal production batches for different products in Excel that will minimize costs in the whole supply chain
3. How to plan production capacity for the future
4. How and when to use different methods for production planning
This presentation is based on my 15 years of experience as a consultant in top consulting firms and as a Board Member responsible for strategy, performance improvement, and turn-arounds in the biggest firms from Retail, FMCG, SMG, B2B, and services sectors that I worked for. I have carried or supervised over 90 different performance improvement projects in different industries that generated in total 2 billion of additional EBITDA.
For more check the following course: https://bit.ly/ProductionPlanningAsen
Scaling Business for Management Consultants & ManagersAsen Gyczew
A practical guide on how to scale businesses in practice fast and efficiently
Course summary
What is the aim of this course?
If you have managed to build a successful business that is also profitable, at some point you will start thinking about scaling your business and drastically growing its size and profits. This will require a different approach than the everyday management of the business. You need different frameworks to scale fast & efficiently the business. In this course, I will teach you how to find ways to scale the business fast & efficiently. I will also show you how to prepare the organization for scaling
In the course you will learn the following things:
1. How firms like Tesla, Amazon have scaled their business
2. How to scale different areas of you firm
3. How to identify biggest bottlenecks preventing you from scaling
4. How to estimate the speed of scaling
5. How to design your scaling process
6. Scale faster
7. Scale successfully Sales, Operations and Recruitment
For more check the following course
https://bit.ly/ScalingBusinesses
Strategy is one of the most dreaded subjects in any business. There are so many conflicting frameworks that are difficult to decide what to choose. In this presentation, you will learn a framework that will help you formulate and execute the strategy for your businesses on the level of top consulting firms i.e. McKinsey, BCG, Bain, PwC, EY. You will also see how others are implementing their strategic choices. What you will see here is a part of my online course: https://bit.ly/StrategyForConsultants
Check also the course on M&A: https://bit.ly/MAMConsulting
M&A is one of the way to expand the business, disrupt others and protect yourself against disruption. We will see how this has been achieved by Disney and Amazon
Segmentation Methods for Management Consultants & Business AnalystsAsen Gyczew
A practical guide on how to analyze segments of customers during consulting projects
If you are participating in a consulting project devoted to Sales & Marketing or Strategy most likely you will have to either do segmentation or analyze existing segments of customers. You will try to achieve it on the basis of internal data, market research as well as other external data. In this course, I will teach how to rapidly and efficiently segment customers and analyze existing segments during consulting projects.
In the course you will learn the following things:
1. How you can segment customers?
2. When to use a specific segmentation technique?
3. Crucial Excel formulas you will need to do segmentation
4. How to do simple segmentations in Excel using internal or external data
5. How the B2B segmentation differs from B2C segmentation
This course is based on my 15 years of experience as a consultant in top consulting firms and as a Board Member responsible for strategy, performance improvement, and turn-arounds in the biggest firms from Retail, FMCG, SMG, B2B, and services sectors that I worked for. I have carried or supervised over 90 different performance improvement projects in different industries that generated in total 2 billion of additional EBITDA. On the basis of what you will find in this course I have trained in person over 100 consultants, business analysts and managers who now are Partners in PE and VC funds, Investment Directors and Business Analysts in PE and VC, Operational Directors, COO, CRO, CEO, Directors in Consulting Companies, Board Members, etc. On top of that my courses on Udemy were already taken by more than 103 000 students including people working in EY, Walmart, Booz Allen Hamilton, Adidas, Naspers, Alvarez & Marsal, PwC, Dell, Walgreens, Orange, and many others.
For more check the following course:
https://bit.ly/SegmentationMC
As a business analyst or a management consultant you have to master some vital skills that will help you survive the first 2-3 years of your work. Some of the have to do with tools (Excel, Presentations). Others with your productivity and skills (financial modeling, business modeling). You also have to learn tools techniques and frameworks that will help understand faster the business and provide more value. In this presentation you will find an overview of most important things that you have to master along with suggested courses that I recommend taking. They will help you become more efficient and will help you develop your skills and knowledge.
What exactly does a consultant at McKinsey do?Asen Gyczew
If you want to join consulting, find a work in McKinsey, BCG, Bain or other top consulting firms then you most likely wonder what consultants do in practice. In this presentation I will briefly try to summarize it.
The work you do depends on your position at a consulting firm:
1. Business Analyst – is the entry position in most consulting firm. Here you do a lot of research for specific projects or business development. You are also responsible for delivering most of the analysis that end up in the deliverables (presentation) along with accompanying slides. The workload is huge. You are not efficient as the rest of the team so you end-up working 12-15 hours 6-7 days a week. On average you stay on this position 2-3 years.
2. Associate / Senior Consultant. This guys are extremely experience so most of the things they can do independently. The not only perform part of analyses during the project but they also do a lot of project management. Typically 1 Associate would supervise 1-3 business analysts. On many occasions you start interacting with the Customer – Directors, VPs, C-level. You gradually are being prepared to manage project and sell them. You spend on this position 2-3 years
3. Engagement Manager / Project Manager. On this position you have to deliver the project. You do hardly any analytical work yet you have to check the work of BAs and Associates. On top of that you will manage at least to some extent the relationship with the customers.
4. Associate Principle / Partner / Director. On this position you are the sales man. You have to generate demand for the services, convince potential customers to pay your high fees and also to supervise the delivery of some projects. On this position you are constantly on meetings, phone calls, traveling from one city to another, from project to another. Most of the days you network and talk to CEOs, COOs, Board Members, PE Partners and others. You still have to bring a lot in revenues to stay in the firm. In some cases you supervise also part of the projects (at least on paper) and be the face for specific area or industry.
MVP – how to test your business idea without building the productAsen Gyczew
It is not that difficult to have a business idea even one that seems like a breakthrough and instant success. The reality bites and 90% of startups fail fast and at the same time cost their founders a small fortune. That’s why the recent development of so called lean startups revolves around learning fast and at small cost to build a product customer need and are willing to pay. Crucial part of this path is a creating a prototype of your product that enables you to test the reaction of your potential customer. This is the MVP – Minimum Viable Product.
MVP has to be Viable which means that it delivers some noticeable value to the customer, solves his pain. Minimum means that it cannot be overcomplicated, it has to have the minimal amount of features for you to be able to draw the right conclusion on what works and what does not work.
In most cases the choie of MVP stops at the landing page as the Holy Grail of lean startup and testing, the ultimate MVP, but the life is much more complicated and landing page in many cases simply is not enough? How do you test community and whether people will share and comment? How do you want to test physical products that have to be tasted and smelled?
On top of that not all MVPs are born equal. Some test one part of your business model whereas others are perfect for testing different question marks that pop-up constantly in your mind.
In this presentation we will show you through examples what should be the MVP for your business model, how to pick the right one for your needs and what are the added benefits of MVP. We will also give estimation of the costs and time needed for creation of MVP.
Strategy for Management Consultants & Business AnalystsAsen Gyczew
Strategy is one of the most dreaded subject in any businesses. There are so many conflicting frameworks that is difficult to decide what to choose. In this course you will learn a framework that will help you formulate and execute the strategy for your businesses on the level of top consulting firms i.e. McKinsey, BCG, Bain, PwC, EY. You will also see how others are implementing their strategic choices. What you will see here is a part of my online course: http://bit.ly/StrategySlideshare
This course will help you drastically improve your knowledge and skills in creating as well as executing a strategy for your business (or your customers’ businesses). It is designed for people who want to become management consultants, business analysts or work on creating and implementing the strategy inside the business. In the course you will learn 3 main things:
1. What strategic choices do you have and how to choose the optimal one?
2. How to calculate the impact of chosen strategy or tactic?
3. How to implement the strategy and how others are doing it?
How to optimize processes in practice during consulting projectsAsen Gyczew
Optimizing processes is not an easy task. It requires a structured approach to it and good understanding of helpful methods such as lean manufacturing, theory of constraints, queuing models, Overall Labor Efficiency and others. In this presentation I will show you how you can approach process optimization. I will show you not only the general approach to this subject but also we will go briefly through methods. I will also show you one example of process optimization in retail. You will have also a lot of links to additional resources that will help you learn the methods required to do process optimization during consulting project or internally in the firm on your own. There will be also a link to the course where you can learn more on that. The presentation is devoted to 3 parts
1. General framework / approach to process optimization
2. Examples of methods and tools used during process optimization
3. Cases study – process optimization in retail
Decision Making with Excel for ManagersAsen Gyczew
As a manager you will be tempted to trust your guts and use your experience to decide what and how to do it. Quite often this approach may be misleading. It is much better to use data driven approach and before you make the decision look at the potential consequences. In this course I will show you how to make more rational choices as a manger using Excel. We will go through a lot of case studies that will help you master this skill.
In the course you will learn the following things:
1. How to be data driven in solving problems
2. How to make better decisions using Excel
3. How to handle uncertainty when you are making decisions
4. Which method, framework you should use in a specific situation
You will learn how to make decisions using make or buy analysis, voting system, simulations, rankings, how to analyze the costs of different investments (aiming at cost reduction, removing bottlenecks, requested by the customers). We will also how to apply the portfolio decision making, value proposition alignment, strategic alignment frameworks.
For more check my course: https://bit.ly/DecisionMakingExcel
Business Modeling of offline businesses in ExcelAsen Gyczew
This presentation will help you drastically improve your knowledge and skills in creating business / simplified financial models in Excel for traditional offline (brick and mortar) business such as: Retail, B2C services (i.e. restaurants) and products, B2B services (i.e. professional services, consulting) and B2B products (commodities). It is designed for those who want to become consultants, business analysts and people who need to be able to analyze any business in Excel. In the presentation you will learn 4 things:
1. What your business model is about, what to concentrate on and what are the most important KPIs for you?
2. How to translate your business model into Excel and evaluate it?
3. How to draw conclusions using your business model in Excel?
4. Estimate what will be the impact of specific changes that you may consider in your business
The presentation is based on my 12 years of experience as a consultant in top consulting companies and as a Board Member responsible for strategy, improvement and turn-arounds in biggest companies from FMCG, SMG, B2B sector that I worked for. On many occasions I had to build business models in in Excel in order to estimate what is the value of the business and find ways in which I can improve it. Business models are also useful for internal purposes: planning, looking for opportunities, analyzing performance, business development.
Top 25 must read books for management consultantsAsen Gyczew
As a management consultant or a business analyst you have to read a lot to master the intricacy of business world. You should not only master typical management consulting techniques but also reach for books on lean manufacturing, financial modeling and valuation, managing people, building strategy, effective work and many many more.
In this presentation you will find my impartial selection of books that I have read and helped me a lot on my way to the top of consulting and management world.
Top 10 courses for every management consultantAsen Gyczew
As a management consultant you have to master some vital skills that will help you survive the first 2 years of your work. Some of the have to do with tools (Excel, Presentations). Others with your productivity and skills (financial modeling, business modeling). In this presentation you will find an overview of most important things that you have to master along with suggested courses that I recommend taking.
Examples of business analyses in Excel - from consulting projectsAsen Gyczew
This presentation will help you drastically improve your knowledge and skills in improving analyzing business issues, especially during consulting projects. It is designed for people who want to become management consultants, business analysts or have to run and optimize sales and marketing, operations on daily bases. In this presentation you will learn 3 things
1. How to understand main challenges in business analyses in Excel
2. How to use Excel, to find improvements in sales, operations and the business model.
3. Where to look for savings and improvements, how to calculate potential savings in Excel and implement them
The presentation is based on my 14 years of experience as a consultant in top consulting companies and as a Board Member responsible for strategy, improvement and turn-arounds in biggest companies from Retail, FMCG, SMG, B2B and services sector that I worked for.
This is part of my online course on Supply Chain for Management Consultants. Check the link to get a discount: http://bit.ly/SalesAnalysisManagementConsulting
Innovative revenue streams - how to innovate your business on the sales sideAsen Gyczew
The success of many companies depends on figuring out a clever way to grow, earn or operate that will change drastically change the game, stack the cards in their favor. There are many interesting business hacks that give this result. In this presentation I will show you how innovate by working at the revenue streams. We will talking about 2 things: switching the way you claim the value from customers, introducing totally new revenue streams unheard of in a specific industry
The course is based on my 12 years of experience as a consultant in top consulting companies and owner of small consulting company (the last 7 years). I have been also CEO, Board Member responsible for strategy, improvement and turn-arounds in biggest companies from FMCG, SMG, and B2B in Poland so I know the implications of what I will be talking about inside-out. I have firsthand experience with low cost airlines and low cost retail
In the presentation you will learn
1. How you can claim your value?
2. When you should apply specific example?
3. In what innovative way were companies generating new revenue streams?
We will discuss companies such as: Ryanair, Sandwich Video, Legimi, Canva, DollarShaveClub so you will see in practice how revenue streams are generated.
How to become world class business analystAsen Gyczew
Business analyst are one of the most important part of a successful business. They help you make the right decision and to spend money wisely. We show here what a business analyst has to know, what business analysis he should be doing and what knowledge he should have to be successful
Effective Meetings for Management Consultants & AnalystsAsen Gyczew
What is the aim of this presentation?
During consulting projects you will be doing plenty of interviews and meetings. At the beginning, you may find them very stressful and challenging, especially, when you have to talk with directors, managers that are much older than you, and that have much bigger experience than you. Luckily, there are a lot of interesting techniques that will help you conduct efficiently interviews and meetings during consulting projects.
In this course, I will show you different tips and methods that will help you achieve your goals. Thanks to this course you will learn the following things:
1. How to prepare and conduct initial interviews during consulting projects
2. How to conduct regular meetings
3. How to make sure that your final presentation is a success
4. How to conduct implementation and internal meetings during consulting projects
For more check the following course: https://bit.ly/MeetingsConsultants
Management consultants are brutally efficient. They not only are taught to do their work fast, but also are very good in selecting the right issues. I know it from first-hand experience as I spent my first 5 years in this hostile environment of top consulting companies. Yes, we worked sometimes 10-15 hours a day; 6-7 days a week but we managed with a small team to do in 3 months what the whole company was not able to do in years. Management consultants’ efficiency stems from 3 things: good organization, efficiency in daily activities and extremely good skills in picking the right topics. I think that those skills are crucial and I will teach how to acquire them.
In this presentation I will show you how to do the right things fast and efficiently so you can enjoy fully your work and life (depending what are your priorities ;) . The presentation is based on my 11 years of experience as a consultant in top consulting companies and as a Board Member responsible for strategy, improvement and turn-arounds in biggest companies from FMCG, SMG, B2B sector that I worked for. On the basis of what you will find in this course I have trained over 100 business analysts and consultants who now are Investment Directors, Senior Analyst, Directors in Consulting Companies, Board Members etc.
I do not like to overcomplicate things so in every lecture I will be quite straightforward. In every lecture I described a different hack and I give examples how to use it, especially in services such as consulting. To every lecture you will find attached (in additional resources) many useful files: examples shown in the lecture, furthers suggestion, exercises etc.. If you don’t find something that you need let me know - I will try to prepare something and I will add to the presentation
In the presentation I use 6 main frameworks: 80/20 rule (Pareto Principle), lean manufacturing, theory of constraints, getting things done, critical chain method, lean startup
Financial modeling in Excel for Business Analysts and ConsultantsAsen Gyczew
As a business analysts or a consultant you will have to from time to time create financial models. There are a bit different than business models. In business models you go into details of operations and you focus on getting the links on the KPIs. Those models are usually done for internal purposes, to manage in the right direction the business. Financial models on the other hand are more for external users. You concentrate in them on creating the picture of the business in a standardized, understood by everybody way. You also want to create the financial statements: profit & loss statement, balance sheet statement, cash flow statement.
On top of that you use the financial statements for valuation purposes.
The most typical situation when, as a business analyst or a consultant, you will have to prepare such a model are connected with selling or purchasing a company. You may be doing it on the sell side or on the buy side. Financial modeling is done as a part of strategy projects, turn around projects, due diligence.
I will NOT teach you everything on financial modelling because it is simply not efficient (and frankly you don’t need it). This course is organized around 80/20 rule and I want to teach you the most useful (from business analyst / consultant perspective) ways to go as fast as possible from rough description to working model in Excel that you can make more and more complicated.
The aim of this course is that you are able to do a financial model of the business as fast as possible.
Getting into consulting is one of the most difficult tasks. It’s not only very selective but also quite tough and long recruitment process. You will have at least 5 job interviews, spend on average 2-3 months in recruiting process and your chances of succeeding will be around 5-10%. I will help you significantly boost the odds in your favor.
This course will help you prepare for the cases that you will be asked to solve during the job interviews with consultants. I will improve your knowledge and skills in analysis through a series of practical cases. It is based on my 11 years of experience as a consultant in top consulting companies and as a Board Member responsible for strategy, improvement and turn-arounds in biggest companies from FMCG, SMG, B2B sector that I worked for. I have participated in over 200 recruitments and the materials in this course will encompass all the tricks that you should use during the interview. On the basis of what you will find in this course and I have trained over 100 business analysts who now are Investment Directors, Senior Analyst, Directors in Consulting Companies, Board Members etc.
There is little theory – mainly examples, a lot of tips from my own experience as well as other notable examples worth mentioning. My intention is that thanks to the course you will know:
1. How to approach any type of cases that you may come across in the job interview?
2. How to apply the most useful concepts and methods used later by consultants in their work?
3. How to be efficient during the interview?
4. How the consultant minds works?
Business Idea Generation for Management Consultants & ManagersAsen Gyczew
To build a business you need a good idea that you can explore and develop. Unfortunately, coming up with a good business idea is not easy. Most firms and universities don’t show how to come up with business ideas. They concentrate on teaching you how to run existing businesses. Luckily, there are a lot of proven methods to find interesting business ideas. If you are Management Consultant you can use them during consulting projects to help your customers grow their business. If you are a manager or startup founder they will prove priceless in your quest to discover new business opportunities. In this course I will show you different methods to come up with killer business ideas. In the course you will learn the following things:
1. How to come up with business ideas by improving existing products, solving existing problems
2. When specific methods of business idea generation can be applied
3. How specific business method should be applied
4. How to find ways to 10x existing solutions
5. How to innovate your product and your business model
6. How to build add-on business using your current business
For more check the following course: http://bit.ly/BusinessIdeasGeneration
How to train Management Consultants & Business AnalystsAsen Gyczew
Having good people that can do great job is the fundamental thing that every consulting firm has to secure. If you a smaller consulting firm you will struggle with attracting the best and brightest. Therefore, the training process at your firm is crucial. It will help you deliver great results for your customers and scale your business. However, training Business Analysts and Management Consultants is not easy. It takes a lot of time and effort to transform a freshman into a world class Business Analyst. I had the pleasure to train numerous Management Consultants and Business Analyst that not only did a great job at consulting firms but later on went on to become partners and directors at PE funds, COO, CEO, CRO, Directors. In this course I will show you what process and tools I have been using and I will teach you how to train your Business Analysts and Management Consultants efficiently (fast and with little resources). Thanks to the approach that I will show in this course you will have a significant competitive advantage over others.
In the course you will learn the following things:
1. How to define the profile of the ideal consultant
2. What options are on the table when it comes to training consultants and business analysts
3. How to estimate the costs of each every type of training
4. How to allocate time to training
5. How to build the training machine for your firm
For more check my course: http://bit.ly/TrainManagementConsultants
Financial Analysis for Management Consultants & AnalystsAsen Gyczew
During many consulting projects, you will have to do a lot of financial analysis and draw conclusions about specific companies or industries. This is especially true during due diligence projects, strategic projects and turn-arounds. Financial analyses will help you decide which option is better, what investments you should take, estimate potential improvements or estimate the impact on the profit and the balance sheet. On top of that, during consulting projects, you have to do everything 3x faster and with little data. Therefore, I will teach you in this course how to do fast and efficiently financial analyses and how to draw conclusions from them
In the course you will learn the following things:
1. How to do financial analyses in Excel fast and efficiently
2. How to draw conclusions from the analyses
3. How to analyze financial statements in Excel
4. How to use financial indicators
5. How to model a business in Excel
6. How to analyze business units of the firm
7. How to carry out analyses related to M&A
8. How to evaluate potential investment in Excel
9. How to estimate the value of the firm using simple methods
For more check the following course: http://bit.ly/FinancialAnalysisExcel
M&A for Management Consultants & Business AnalystsAsen Gyczew
What is the aim of this presentation?
Consulting firms are hired very often to help with Mergers & Acquisitions. Those projects are difficult as you have to deliver results fast and you have to deal with many stakeholders. You not only have to help select potential targets, model businesses in Excel, but also you will have to estimate the potential benefits of M&A, the value of the firm and forecast the development of the acquired firms. In this course I will teach how to perform fast and efficiently different types of analyses during M&A projects.
In the course you will learn the following things:
1. What kind of analyses you may have to do during M&A project
2. How to Select Potential Targets for M&A using Excel
3. How to create a financial model in Excel for M&A purposes
4. How to estimate the value of M&A target
5. How to estimate potential synergies coming from M&A process
6. How to conduct commercial due diligence
7. What kind of market research tools you can use during due diligence
For more check the following course http://bit.ly/MAMConsulting
Tags: financial analysis, M&A, investment analysis, NPV, financial indicators, controlling, valuation, acquisition, mergers Management Consulting projects, Consulting Project, McKinsey, OC&C, PwC, EY, Bain, BCG, performance improvement projects, Alvarez & Marsal
How to manage successfully a Consulting ProjectAsen Gyczew
Managing Consulting Projects is extremely difficult. You work in a hostile environment, long hours on difficult things. On top of that the bill for your services for the customer is pretty high so he will want to squeeze out of you as much as possible. At the same time his people may dislike you as you are an outsider that in their point of view pretends to know better. Therefore, many Project Managers fail on deadlines or cannot deliver value for the customer. Luckily there is a way to do a consulting project on time, get your customer and his people happy with the result as well as get well paid for your work. This course will help you drastically improve your knowledge and skills in managing consulting project. It is designed for project managers, especially those working in consulting. After finishing the course you will know:
1. How to prepare for the project to make your customer and your team happy as well to finish the project much earlier than your competitors
2. How to create value for your customer
3. How to deliver the project within the budget and way ahead of deadlines
4. How to execute the project without having to work 7 days a week 15 hours a day
5. How to overdeliver and get buy-in from your customer
6. How to build strong foundation for future projects
7. What tools to use
8. How to be efficient as a team
The course is based on my 12 years of experience as a Project Manager in top consulting companies and as a Board Member responsible for strategy, improvements and turn-arounds in biggest companies in Retail, FMCG, SMG, B2B sectors that I worked for. On the basis of what you will find in this course I have trained over 100 consultants, business analysts and managers who now are CEO, Operational Directors, COO, Investment Directors, Directors in Consulting Companies, Board Members, Customer Insight Managers, Data Science Managers
Retail for Business Analysts and Management ConsultantsAsen Gyczew
Retail has become very competitive. We have the rise of e-commerce and multichannel, buyers behavior change drastically. This leads to lower margins. As a Business Analyst or Management Consultant you have to be able to analyze the Retailer you work for fast and find possible improvements. This course will help you drastically improve your knowledge and skills in optimizing Retail business through a series of practical cases. It is designed for people who want to become consultants, business analysts or have to run and optimize Retail business on a daily bases. In the course you will learn the following things:
1. How to analyze Retailer and find low hanging fruits
2. How to build business model of the Retailer in Excel in order to see the big picture and see how specific KPIs impact the profit
3. How to optimize Retailers operations
4. How to behave in a multichannel surrounding (when you have also e-commerce operations)
5. How to expand your business into new categories and markets
6. How to analyze in-store engagements
There will be also many growth hacks that Retailers use.
The course is based on my 12 years of experience in Retail as well as a consultant in top consulting companies and as a Board Member responsible for strategy, improvement and turn-arounds in biggest companies from Retail, FMCG, SMG, B2B sector that I worked for.
Cost Reduction for Management Consultants & ManagersAsen Gyczew
Every company has to control costs in order to survive and prosper. Therefore, many firms on regular basis perform cost reduction projects. Cost reduction project may be part of a wider Performance Improvement Project or be a standalone project carried out only in one of the business units. Those projects are extremely interesting because you will be able to make a real change, create a new reality and improve part of the business or even the whole business. There are also very difficult as you have to not only analyze areas but also find ways to cut costs, improve the current situation as well as, on some occasions, implement the change. The skills that you will learn during this sort of projects will be also very useful once you move to work for regular businesses or set-up your own firm. In this course I will show you how to deliver such projects fast and efficiently. In the course you will learn the following things:
1. How to identify potential savings especially quick wins
2. How to optimize processes
3. How to analyze investments
4. How to carry out make-or-buy analysis
5. How to spend less
For more check the following course: https://bit.ly/CostReductionCourse
Strategy for Management Consultants & Business AnalystsAsen Gyczew
Strategy is one of the most dreaded subject in any businesses. There are so many conflicting frameworks that is difficult to decide what to choose. In this course you will learn a framework that will help you formulate and execute the strategy for your businesses on the level of top consulting firms i.e. McKinsey, BCG, Bain, PwC, EY. You will also see how others are implementing their strategic choices. What you will see here is a part of my online course: http://bit.ly/StrategySlideshare
This course will help you drastically improve your knowledge and skills in creating as well as executing a strategy for your business (or your customers’ businesses). It is designed for people who want to become management consultants, business analysts or work on creating and implementing the strategy inside the business. In the course you will learn 3 main things:
1. What strategic choices do you have and how to choose the optimal one?
2. How to calculate the impact of chosen strategy or tactic?
3. How to implement the strategy and how others are doing it?
How to optimize processes in practice during consulting projectsAsen Gyczew
Optimizing processes is not an easy task. It requires a structured approach to it and good understanding of helpful methods such as lean manufacturing, theory of constraints, queuing models, Overall Labor Efficiency and others. In this presentation I will show you how you can approach process optimization. I will show you not only the general approach to this subject but also we will go briefly through methods. I will also show you one example of process optimization in retail. You will have also a lot of links to additional resources that will help you learn the methods required to do process optimization during consulting project or internally in the firm on your own. There will be also a link to the course where you can learn more on that. The presentation is devoted to 3 parts
1. General framework / approach to process optimization
2. Examples of methods and tools used during process optimization
3. Cases study – process optimization in retail
Decision Making with Excel for ManagersAsen Gyczew
As a manager you will be tempted to trust your guts and use your experience to decide what and how to do it. Quite often this approach may be misleading. It is much better to use data driven approach and before you make the decision look at the potential consequences. In this course I will show you how to make more rational choices as a manger using Excel. We will go through a lot of case studies that will help you master this skill.
In the course you will learn the following things:
1. How to be data driven in solving problems
2. How to make better decisions using Excel
3. How to handle uncertainty when you are making decisions
4. Which method, framework you should use in a specific situation
You will learn how to make decisions using make or buy analysis, voting system, simulations, rankings, how to analyze the costs of different investments (aiming at cost reduction, removing bottlenecks, requested by the customers). We will also how to apply the portfolio decision making, value proposition alignment, strategic alignment frameworks.
For more check my course: https://bit.ly/DecisionMakingExcel
Business Modeling of offline businesses in ExcelAsen Gyczew
This presentation will help you drastically improve your knowledge and skills in creating business / simplified financial models in Excel for traditional offline (brick and mortar) business such as: Retail, B2C services (i.e. restaurants) and products, B2B services (i.e. professional services, consulting) and B2B products (commodities). It is designed for those who want to become consultants, business analysts and people who need to be able to analyze any business in Excel. In the presentation you will learn 4 things:
1. What your business model is about, what to concentrate on and what are the most important KPIs for you?
2. How to translate your business model into Excel and evaluate it?
3. How to draw conclusions using your business model in Excel?
4. Estimate what will be the impact of specific changes that you may consider in your business
The presentation is based on my 12 years of experience as a consultant in top consulting companies and as a Board Member responsible for strategy, improvement and turn-arounds in biggest companies from FMCG, SMG, B2B sector that I worked for. On many occasions I had to build business models in in Excel in order to estimate what is the value of the business and find ways in which I can improve it. Business models are also useful for internal purposes: planning, looking for opportunities, analyzing performance, business development.
Top 25 must read books for management consultantsAsen Gyczew
As a management consultant or a business analyst you have to read a lot to master the intricacy of business world. You should not only master typical management consulting techniques but also reach for books on lean manufacturing, financial modeling and valuation, managing people, building strategy, effective work and many many more.
In this presentation you will find my impartial selection of books that I have read and helped me a lot on my way to the top of consulting and management world.
Top 10 courses for every management consultantAsen Gyczew
As a management consultant you have to master some vital skills that will help you survive the first 2 years of your work. Some of the have to do with tools (Excel, Presentations). Others with your productivity and skills (financial modeling, business modeling). In this presentation you will find an overview of most important things that you have to master along with suggested courses that I recommend taking.
Examples of business analyses in Excel - from consulting projectsAsen Gyczew
This presentation will help you drastically improve your knowledge and skills in improving analyzing business issues, especially during consulting projects. It is designed for people who want to become management consultants, business analysts or have to run and optimize sales and marketing, operations on daily bases. In this presentation you will learn 3 things
1. How to understand main challenges in business analyses in Excel
2. How to use Excel, to find improvements in sales, operations and the business model.
3. Where to look for savings and improvements, how to calculate potential savings in Excel and implement them
The presentation is based on my 14 years of experience as a consultant in top consulting companies and as a Board Member responsible for strategy, improvement and turn-arounds in biggest companies from Retail, FMCG, SMG, B2B and services sector that I worked for.
This is part of my online course on Supply Chain for Management Consultants. Check the link to get a discount: http://bit.ly/SalesAnalysisManagementConsulting
Innovative revenue streams - how to innovate your business on the sales sideAsen Gyczew
The success of many companies depends on figuring out a clever way to grow, earn or operate that will change drastically change the game, stack the cards in their favor. There are many interesting business hacks that give this result. In this presentation I will show you how innovate by working at the revenue streams. We will talking about 2 things: switching the way you claim the value from customers, introducing totally new revenue streams unheard of in a specific industry
The course is based on my 12 years of experience as a consultant in top consulting companies and owner of small consulting company (the last 7 years). I have been also CEO, Board Member responsible for strategy, improvement and turn-arounds in biggest companies from FMCG, SMG, and B2B in Poland so I know the implications of what I will be talking about inside-out. I have firsthand experience with low cost airlines and low cost retail
In the presentation you will learn
1. How you can claim your value?
2. When you should apply specific example?
3. In what innovative way were companies generating new revenue streams?
We will discuss companies such as: Ryanair, Sandwich Video, Legimi, Canva, DollarShaveClub so you will see in practice how revenue streams are generated.
How to become world class business analystAsen Gyczew
Business analyst are one of the most important part of a successful business. They help you make the right decision and to spend money wisely. We show here what a business analyst has to know, what business analysis he should be doing and what knowledge he should have to be successful
Effective Meetings for Management Consultants & AnalystsAsen Gyczew
What is the aim of this presentation?
During consulting projects you will be doing plenty of interviews and meetings. At the beginning, you may find them very stressful and challenging, especially, when you have to talk with directors, managers that are much older than you, and that have much bigger experience than you. Luckily, there are a lot of interesting techniques that will help you conduct efficiently interviews and meetings during consulting projects.
In this course, I will show you different tips and methods that will help you achieve your goals. Thanks to this course you will learn the following things:
1. How to prepare and conduct initial interviews during consulting projects
2. How to conduct regular meetings
3. How to make sure that your final presentation is a success
4. How to conduct implementation and internal meetings during consulting projects
For more check the following course: https://bit.ly/MeetingsConsultants
Management consultants are brutally efficient. They not only are taught to do their work fast, but also are very good in selecting the right issues. I know it from first-hand experience as I spent my first 5 years in this hostile environment of top consulting companies. Yes, we worked sometimes 10-15 hours a day; 6-7 days a week but we managed with a small team to do in 3 months what the whole company was not able to do in years. Management consultants’ efficiency stems from 3 things: good organization, efficiency in daily activities and extremely good skills in picking the right topics. I think that those skills are crucial and I will teach how to acquire them.
In this presentation I will show you how to do the right things fast and efficiently so you can enjoy fully your work and life (depending what are your priorities ;) . The presentation is based on my 11 years of experience as a consultant in top consulting companies and as a Board Member responsible for strategy, improvement and turn-arounds in biggest companies from FMCG, SMG, B2B sector that I worked for. On the basis of what you will find in this course I have trained over 100 business analysts and consultants who now are Investment Directors, Senior Analyst, Directors in Consulting Companies, Board Members etc.
I do not like to overcomplicate things so in every lecture I will be quite straightforward. In every lecture I described a different hack and I give examples how to use it, especially in services such as consulting. To every lecture you will find attached (in additional resources) many useful files: examples shown in the lecture, furthers suggestion, exercises etc.. If you don’t find something that you need let me know - I will try to prepare something and I will add to the presentation
In the presentation I use 6 main frameworks: 80/20 rule (Pareto Principle), lean manufacturing, theory of constraints, getting things done, critical chain method, lean startup
Financial modeling in Excel for Business Analysts and ConsultantsAsen Gyczew
As a business analysts or a consultant you will have to from time to time create financial models. There are a bit different than business models. In business models you go into details of operations and you focus on getting the links on the KPIs. Those models are usually done for internal purposes, to manage in the right direction the business. Financial models on the other hand are more for external users. You concentrate in them on creating the picture of the business in a standardized, understood by everybody way. You also want to create the financial statements: profit & loss statement, balance sheet statement, cash flow statement.
On top of that you use the financial statements for valuation purposes.
The most typical situation when, as a business analyst or a consultant, you will have to prepare such a model are connected with selling or purchasing a company. You may be doing it on the sell side or on the buy side. Financial modeling is done as a part of strategy projects, turn around projects, due diligence.
I will NOT teach you everything on financial modelling because it is simply not efficient (and frankly you don’t need it). This course is organized around 80/20 rule and I want to teach you the most useful (from business analyst / consultant perspective) ways to go as fast as possible from rough description to working model in Excel that you can make more and more complicated.
The aim of this course is that you are able to do a financial model of the business as fast as possible.
Getting into consulting is one of the most difficult tasks. It’s not only very selective but also quite tough and long recruitment process. You will have at least 5 job interviews, spend on average 2-3 months in recruiting process and your chances of succeeding will be around 5-10%. I will help you significantly boost the odds in your favor.
This course will help you prepare for the cases that you will be asked to solve during the job interviews with consultants. I will improve your knowledge and skills in analysis through a series of practical cases. It is based on my 11 years of experience as a consultant in top consulting companies and as a Board Member responsible for strategy, improvement and turn-arounds in biggest companies from FMCG, SMG, B2B sector that I worked for. I have participated in over 200 recruitments and the materials in this course will encompass all the tricks that you should use during the interview. On the basis of what you will find in this course and I have trained over 100 business analysts who now are Investment Directors, Senior Analyst, Directors in Consulting Companies, Board Members etc.
There is little theory – mainly examples, a lot of tips from my own experience as well as other notable examples worth mentioning. My intention is that thanks to the course you will know:
1. How to approach any type of cases that you may come across in the job interview?
2. How to apply the most useful concepts and methods used later by consultants in their work?
3. How to be efficient during the interview?
4. How the consultant minds works?
Business Idea Generation for Management Consultants & ManagersAsen Gyczew
To build a business you need a good idea that you can explore and develop. Unfortunately, coming up with a good business idea is not easy. Most firms and universities don’t show how to come up with business ideas. They concentrate on teaching you how to run existing businesses. Luckily, there are a lot of proven methods to find interesting business ideas. If you are Management Consultant you can use them during consulting projects to help your customers grow their business. If you are a manager or startup founder they will prove priceless in your quest to discover new business opportunities. In this course I will show you different methods to come up with killer business ideas. In the course you will learn the following things:
1. How to come up with business ideas by improving existing products, solving existing problems
2. When specific methods of business idea generation can be applied
3. How specific business method should be applied
4. How to find ways to 10x existing solutions
5. How to innovate your product and your business model
6. How to build add-on business using your current business
For more check the following course: http://bit.ly/BusinessIdeasGeneration
How to train Management Consultants & Business AnalystsAsen Gyczew
Having good people that can do great job is the fundamental thing that every consulting firm has to secure. If you a smaller consulting firm you will struggle with attracting the best and brightest. Therefore, the training process at your firm is crucial. It will help you deliver great results for your customers and scale your business. However, training Business Analysts and Management Consultants is not easy. It takes a lot of time and effort to transform a freshman into a world class Business Analyst. I had the pleasure to train numerous Management Consultants and Business Analyst that not only did a great job at consulting firms but later on went on to become partners and directors at PE funds, COO, CEO, CRO, Directors. In this course I will show you what process and tools I have been using and I will teach you how to train your Business Analysts and Management Consultants efficiently (fast and with little resources). Thanks to the approach that I will show in this course you will have a significant competitive advantage over others.
In the course you will learn the following things:
1. How to define the profile of the ideal consultant
2. What options are on the table when it comes to training consultants and business analysts
3. How to estimate the costs of each every type of training
4. How to allocate time to training
5. How to build the training machine for your firm
For more check my course: http://bit.ly/TrainManagementConsultants
Financial Analysis for Management Consultants & AnalystsAsen Gyczew
During many consulting projects, you will have to do a lot of financial analysis and draw conclusions about specific companies or industries. This is especially true during due diligence projects, strategic projects and turn-arounds. Financial analyses will help you decide which option is better, what investments you should take, estimate potential improvements or estimate the impact on the profit and the balance sheet. On top of that, during consulting projects, you have to do everything 3x faster and with little data. Therefore, I will teach you in this course how to do fast and efficiently financial analyses and how to draw conclusions from them
In the course you will learn the following things:
1. How to do financial analyses in Excel fast and efficiently
2. How to draw conclusions from the analyses
3. How to analyze financial statements in Excel
4. How to use financial indicators
5. How to model a business in Excel
6. How to analyze business units of the firm
7. How to carry out analyses related to M&A
8. How to evaluate potential investment in Excel
9. How to estimate the value of the firm using simple methods
For more check the following course: http://bit.ly/FinancialAnalysisExcel
M&A for Management Consultants & Business AnalystsAsen Gyczew
What is the aim of this presentation?
Consulting firms are hired very often to help with Mergers & Acquisitions. Those projects are difficult as you have to deliver results fast and you have to deal with many stakeholders. You not only have to help select potential targets, model businesses in Excel, but also you will have to estimate the potential benefits of M&A, the value of the firm and forecast the development of the acquired firms. In this course I will teach how to perform fast and efficiently different types of analyses during M&A projects.
In the course you will learn the following things:
1. What kind of analyses you may have to do during M&A project
2. How to Select Potential Targets for M&A using Excel
3. How to create a financial model in Excel for M&A purposes
4. How to estimate the value of M&A target
5. How to estimate potential synergies coming from M&A process
6. How to conduct commercial due diligence
7. What kind of market research tools you can use during due diligence
For more check the following course http://bit.ly/MAMConsulting
Tags: financial analysis, M&A, investment analysis, NPV, financial indicators, controlling, valuation, acquisition, mergers Management Consulting projects, Consulting Project, McKinsey, OC&C, PwC, EY, Bain, BCG, performance improvement projects, Alvarez & Marsal
How to manage successfully a Consulting ProjectAsen Gyczew
Managing Consulting Projects is extremely difficult. You work in a hostile environment, long hours on difficult things. On top of that the bill for your services for the customer is pretty high so he will want to squeeze out of you as much as possible. At the same time his people may dislike you as you are an outsider that in their point of view pretends to know better. Therefore, many Project Managers fail on deadlines or cannot deliver value for the customer. Luckily there is a way to do a consulting project on time, get your customer and his people happy with the result as well as get well paid for your work. This course will help you drastically improve your knowledge and skills in managing consulting project. It is designed for project managers, especially those working in consulting. After finishing the course you will know:
1. How to prepare for the project to make your customer and your team happy as well to finish the project much earlier than your competitors
2. How to create value for your customer
3. How to deliver the project within the budget and way ahead of deadlines
4. How to execute the project without having to work 7 days a week 15 hours a day
5. How to overdeliver and get buy-in from your customer
6. How to build strong foundation for future projects
7. What tools to use
8. How to be efficient as a team
The course is based on my 12 years of experience as a Project Manager in top consulting companies and as a Board Member responsible for strategy, improvements and turn-arounds in biggest companies in Retail, FMCG, SMG, B2B sectors that I worked for. On the basis of what you will find in this course I have trained over 100 consultants, business analysts and managers who now are CEO, Operational Directors, COO, Investment Directors, Directors in Consulting Companies, Board Members, Customer Insight Managers, Data Science Managers
Retail for Business Analysts and Management ConsultantsAsen Gyczew
Retail has become very competitive. We have the rise of e-commerce and multichannel, buyers behavior change drastically. This leads to lower margins. As a Business Analyst or Management Consultant you have to be able to analyze the Retailer you work for fast and find possible improvements. This course will help you drastically improve your knowledge and skills in optimizing Retail business through a series of practical cases. It is designed for people who want to become consultants, business analysts or have to run and optimize Retail business on a daily bases. In the course you will learn the following things:
1. How to analyze Retailer and find low hanging fruits
2. How to build business model of the Retailer in Excel in order to see the big picture and see how specific KPIs impact the profit
3. How to optimize Retailers operations
4. How to behave in a multichannel surrounding (when you have also e-commerce operations)
5. How to expand your business into new categories and markets
6. How to analyze in-store engagements
There will be also many growth hacks that Retailers use.
The course is based on my 12 years of experience in Retail as well as a consultant in top consulting companies and as a Board Member responsible for strategy, improvement and turn-arounds in biggest companies from Retail, FMCG, SMG, B2B sector that I worked for.
Cost Reduction for Management Consultants & ManagersAsen Gyczew
Every company has to control costs in order to survive and prosper. Therefore, many firms on regular basis perform cost reduction projects. Cost reduction project may be part of a wider Performance Improvement Project or be a standalone project carried out only in one of the business units. Those projects are extremely interesting because you will be able to make a real change, create a new reality and improve part of the business or even the whole business. There are also very difficult as you have to not only analyze areas but also find ways to cut costs, improve the current situation as well as, on some occasions, implement the change. The skills that you will learn during this sort of projects will be also very useful once you move to work for regular businesses or set-up your own firm. In this course I will show you how to deliver such projects fast and efficiently. In the course you will learn the following things:
1. How to identify potential savings especially quick wins
2. How to optimize processes
3. How to analyze investments
4. How to carry out make-or-buy analysis
5. How to spend less
For more check the following course: https://bit.ly/CostReductionCourse
A1 Experiential Learning Project Apply the Design Thinking App.docxdaniahendric
A1: Experiential Learning Project:
Apply the Design Thinking Approach to the creation of a new service and prepare a presentation of the entire process.
The presentation should include all the following major steps of Design Thinking Approach:
a) Understand. Referring to available sources (own experience, outside experts …) research the status quo on
the concept you would like to develop
b) Observe: conduct an ethnographic research by firsthand observation of potential users
c) Ideate: create as many ideas as possible (use techniques as brainstorming). Select the most promising idea
d) Prototype: translate the idea into a simple representation of the app
e) Test: the model with target users. Interact with them. Observe their reactions and behavior and collect
feed-backs to refine the concept
f) The work should also include the marketing plan of the new service.
Outcome requirements:
The slide/visual presentation (format can be selected by the team) will contain the steps in the agenda
mentioned above and it will present the service concept. A visual representation of the service is mandatory.
The Experiential Learning Project will be scored across four (4) attributes based on:
a) Applying the Design Thinking Model. For this first score, the instructor will assess the extent to which
students are able to apply the model into a simulated-real life situation
b) Transforming observations and data into usable information. For this second score, the instructor will
evaluate the extent to which students were able to organize information collected on field analysis in a
presentable fashion (i.e., table, figures, videos …)
c) Creativity: For the third score, the instructor will assess the extent to which students are able to apply
creativity in a new service development and into the presentation itself
d) Original Results: For the fourth score, the instructor will assess the extent to which students are able to
apply the innovation drivers to their project
**********EXAMPLE************
This class was maybe the most troublesome of some other class I have taken at TUI. Be that as it may, I can say I have left with a superior comprehension of Principles of Accounting. The inside and out readings of how to comprehend organizations money related wellbeing was exceptionally enlightening, yet for the present minute isn't important to what I do.
An idea that was precious to me was opportunity costs. They comprise of decisions that make substitute occasions inside people. For myself being a dad of three, officer, and understudy, I in some cases feel that I am out of luck, yet l still figure out how to get past this voyage called life. Deciding to plan something that is going for require penances is a lot of merited, and can have an advantageous effect whenever finished.
The SLP for Module 3 was intriguing on the grounds that as customers, we investigate the "four P's" constantly while shopping. Being from a little Pacific island, regardless we use ...
In this Webinar, participants will learn about:
– Balancing rising costs and a limited budget
– Eating healthily, food banks, other resources in your community
– Budget formats that work for cancer patients
– Money management
– Debit and credit management
– Credit counselling
– Consumer protection
Purchasing & Procurement Analyses for Management ConsultantsAsen Gyczew
During Consulting Projects a lot of attention will be devoted to Purchasing & Procurement. Usually, this area generates big cost reductions and helps improve liquidity. Finding potential savings is not always easy and requires well-organized approach to companies purchases. Luckily, there are a lot of techniques and frameworks that will help you in a structured way to look for savings and potential improvements of liquidity. In this course, I will teach you how to perform fast and efficiently different types of analyses in Purchasing & Procurement.
In the course you will learn the following things:
1. General information about Purchasing & Procurement.
2. Useful frameworks for analyzing Purchasing & Procurement.
3. How to find ways to cut costs in Purchasing & Procurement.
4. How to identify potential ways to improve your liquidity, especially quick wins.
5. How to estimate in Excel potential impact of proposed changes.
For more check the following course:
https://bit.ly/PurchasingConsulting
Funnel Analysis for Management Consultants & Business AnalystsAsen Gyczew
A practical guide on how to do funnel analyses & use them for decision making
Funnels and funnel analyses are great tools that can help you find problems and opportunities, optimize processes as well as manage projects. They are widely used by technological firms. However, many industries are still not using them, despite their big potential. In this presentation, I will teach you how to use funnel analyses to increase the profits of the firm.
In the presentation you will learn the following things:
What are funnels?
1. How to analyze funnels in Excel
2. How funnels look like for e-commerce, marketplace, SaaS firms and other business models
3. How to use funnels and funnel analysis to increase sales and profits
4. What are cohorts and how to use them to analyze funnels?
5. How to use funnels to manage tests, projects, or tasks
For more check the following course:
https://bit.ly/FunnelsConsulting
Business Model Innovation for Management ConsultantsAsen Gyczew
Business Model Innovation for Management Consultants
A practical guide on how to change & innovate the business
Course summary
What is the aim of this course?
Consulting firms are hired very often to help to change the Business Model. Those projects are difficult as you have to generate innovation and convince the firm to change. There is no one recipe for how to innovate. However, there are some proven techniques, frameworks, approaches that will help you find a way to innovate the Business Model. In this course, I will teach you how to pick the right Business Model Innovation technique during consulting projects.
In the course you will learn the following things:
1. What frameworks, tools techniques you can use to Innovate your Business Model
2. How others have implemented the Innovation
3. How to estimate the potential impact of the Business Model Innovation in Excel
For more check the following course:
https://bit.ly/BusinessInnovationsMC
Data Visualization for Management Consultants & AnalystAsen Gyczew
What is the aim of this course?
In consulting you will spend a lot of time on creating presentations to show the results of your analyses to the customer. That is why, data visualization is so important. With proper display of data you have more chances of convincing the customers that your approach makes sense. In this course I will teach how to use different data visualization techniques to show the results of your analyses during consulting projects.
In the course you will learn the following things:
1. What types of slides you should use to present your thoughts
2. What types of charts you should use for data visualization
3. How to read the charts
4. How to create charts in Excel
5. How to create charts in PowerPoint
6. How to create dynamic charts in Excel
For more check the following course
https://bit.ly/DataVisualizationMC
How to delegate work efficiently - a practical guide for Management Consult...Asen Gyczew
A practical guide on how to delegate work fast & efficiently
Course summary
What is the aim of this course?
If you want to advance in your career and get promoted you have to learn how to efficiently delegate work to other people. It is not an easy skill to master, but you also do not have to be born with a special talent. With a proper approach, you can delegate any work efficiently. Luckily, there are a lot of interesting management productivity hacks that will help you delegate work efficiently to other people. In this course, I will teach how to delegate efficiently work to other people and still not jeopardize the quality of the work.
In the course you will learn the following things:
1. How to delegate efficiently
2. When to use different types of delegation
3. How NOT to do things you are not supposed to do
4. How to make sure that the team works efficiently
For more check the following course:
https://bit.ly/DelegateManagementConsultans
Essential Real Estate Modeling in ExcelAsen Gyczew
What is the aim of this course?
Modeling real estate in Excel is not easy. In real estate, you will have to forecast the cash flow for long investment periods. In most models, you will have to forecast loan payments, maintenance costs, operational costs, and potential revenues from operating the real estate. On top of that, in real estate, we have different business models that will have different business drivers. To make your work easier, I will teach you in this course how to model in Excel fast and efficiently real estate investments.
In this course you will learn the following things:
1. Essential concepts related to real estate and modeling them in Excel
2. What are the main drivers of the profits in real estate for different business models
3. How to model buy & rent of real estate in Excel
4. How to model in Excel hotels and other short-term renting businesses (Airbnb, booking.com)
5. How to model in Excel flips/flipping
6. How to make decisions on the investment in real estate, based on the Excel model
For more information check my online course: https://bit.ly/RealEstateModels
Sales Forecasting for Management Consultants & Business AnalystsAsen Gyczew
During many consulting projects, you may be asked to forecast the sales of the firm or check sales forecast models done by the customer. Sales forecasting requires a specific approach to data and also a lot of creative, out of box thinking, to address the issue of insufficient data and changing environment. In this presentation, I will teach you how to do fast and efficiently basic sales forecast models in Excel. We will create a relatively simple sales forecast. Nevertheless, they will significantly help your customer define strategy and decide whether he should open a new factory, enter a new field, buy a business. We will NOT get into complicated models, forecasts as in most case you will not have neither time nor data to do them. It would also require a wider knowledge of mathematics, statistics, econometrics and a usage of more advanced tools than Excel. The things you will learn in this presentation will be sufficient in 70% of the cases and can be done with the knowledge of basic Math. Such basic sales forecasts are especially important during Strategy projects, M&A projects and business development projects. In such projects, you want to get fast rough sales forecasts using simple methods. A similar approach as we will show in this presentation can be used as the starting point for budgeting models.
In the presentation you will learn the following things:
1. The essential concepts in sales forecasting and the main tools that you may need.
2. How to forecast sales in Excel using simple methods fast and efficiently
3. What drivers of sales you should take into account for selected industries. We will look at different cases studies to see how you can move from drivers to a working model in Excel
For more check my online course: http://bit.ly/SalesForecastConsulting
Project Management Office (PMO) for Management ConsultantsAsen Gyczew
What is the aim of this course?
Sometimes to create value in the firm or manage a huge number of complicated projects you have to set up Project Management Office (PMO). PMO is responsible for making sure that all strategic projects will be delivered on time. PMO has to also analyze and select projects and support project managers in managing project delivery. Building and running PMO is pretty difficult, especially when it comes to selecting the right projects and later on implementing them. I will teach you in this course how to do it efficiently. We will look at different types of PMO set-up for different purposes. In this course you will learn:
1. In what situation PMO is used and how its goals differ depending on the situation
2. How to select the right projects to implement using PMO
3. What PMO deliverables you will have to create
4. What tools you can use to run the PMO efficiently
Liquidity Management for Management Consultants & ManagersAsen Gyczew
Many companies despite having profits still have problems with cash. In other words they have to improve their liquidity. This topic is not widely discussed and a few management consultants as well as managers know how to do it practice. Therefore, more companies die because of problems with liquidity than due to low profits. Luckily, there are a lot of techniques that will help you in a structured way look for ways to generate more cash from the business.
In this course I will show you different methods that you can use to improve the cash position of your business. You will learn the following things:
1. How to identify potential ways to improve your liquidity, especially quick wins
2. How to estimate in Excel how much cash you can generate from specific solution
3. How to pick the optimal solution
4. How to prevent the firm from going bankrupt due to liquidity problems
You will learn here how to cut costs, reduce inventory, reduce receivables, improve payables, and restructure debt and many more:
For more check the following course: http://bit.ly/LiquidityManagementConsulting
How to change your business during the recession caused by corona virusAsen Gyczew
A few years ago I have seen a documentary movie showing a refugee camp. To my surprise they have managed to create a mini economy inside the camp. There was a school, hairdresser, somebody who could fix the tent. In other words even if the worst happens a new balance is created in which the flow of goods and services carries on.
We will see the same thing during and after the corona virus pandemic. He will be most likely witnessing pretty big recession this year and the businesses will have to adapt to the new situation.
We will see a lot of changes in sales, operations, population control that will help you go back to the new normal state in which the economy will be rebuild. Similar to what after 9/11 there will be however a lot of changes in the way in which we handle human contact and how we organize our enterprises.
We have prepared a few tips on that in a form of a presentation. We have divided it into 2 parts. In the first one we provide some tips for the firms. In the second one for the governments. Some of them are short term tips how to handle the situation 6 months. There are also tips that will help you avoid such a huge shock to the everyday life in the long run
Enjoy this presentation
I would also recommend checking the following other resources:
1. Bain – Defending Retail against coronavirus
2. Roland Berger - Three Scenarios For How Coronavirus May Affect Economies And Industries
Essential Finance & Accounting for Management Consultants and Business AnalystsAsen Gyczew
During many consulting projects you will have to analyze financial statements (balance sheet, income statement, cash flows) and draw conclusion about specific company. This is especially true during due diligence, strategic projects and turn-arounds. Financial analyses require relatively good understanding of finance and accounting. Business Analysts and Management Consultants that did not study Finance or Business tend to have some problems with navigating this area. This course will help you overcome this problem. Those of you who have finished Business School or Economics will find here a great refresher with a lot of practical tips how to do certain analysis during a consulting project.
This course will help you drastically improve your knowledge and skills in finance and accounting. It is designed for people who are or want to become management consultants, business. In the course you will learn 5 main things:
1. How to read financial statements such as a balance sheet, an income (profit & loss) statement, cash flows
2. How to draw conclusions from financial statements
3. Main principles of accounting
4. How to analyze financial indicators
5. How to estimate the value of the firm / do valuation
I will NOT teach you everything about finance & accounting because it is simply not efficient (and frankly you don’t need it). This course is organized around 80/20 rule and I want to teach you the most useful (from business analyst / consultant perspective) things that will enable you to understand the financial data and analyze them.
Management Consulting Approach to Problem SolvingAsen Gyczew
Time and again you will come across problems that are seeming unsolvable. In many cases you don’t even know how to approach them. Luckily, there are a lot of nice management consulting tools, techniques and frameworks that will help you solve every day problems. You don’t have to go to top consulting firm to master them. You can master them by taking my course.
This course will help you drastically improve your skills in solving problems using management consulting tools, techniques and frameworks. In this course we will mainly concentrate on solving real life problems like: goal settings and defining what and when to do, estimating the cost of a wedding, losing weight and getting in shape, deciding whether to do an MBA or not, choosing the right boyfriend / girlfriend, deciding whether you should buy a car or not, deciding when to retire and many more. If you have a specific problem just let me know and I will give you tips on how to solve it using the tools presented in this course.
The course is designed for people who want to become more data driven and less emotional in the way they solve problems and make decisions. Thanks to the course you will be making better decisions and solve problems that have seemed so far unsolvable. In the course you will learn 3 things:
1. What consulting techniques, tools and frameworks there are
2. When to apply each and one of them
3. How to use them in practice including examples how to calculate specific things in Excel
This is a part of my online course: http://bit.ly/SolvingProblemsHacks
Performance Improvement Project for Management ConsultantsAsen Gyczew
One of the projects you will participate during your work in management consulting is the Performance Improvement Project. You will be hired by the owner or the Board of Directors to improve the business. Those projects are extremely interesting because you will be able to make a real change, create a new reality and improve part of the business or even the whole business. There are also very difficult as you have to not only analyze areas but also find ways to improve the current situation as well as, on some occasions, implement the change. The skills that you will learn during this sort of projects will be also very useful once you move to work for regular businesses or set-up your own firm. In this course I will show you how to deliver such projects fast and efficiently. In the course you will learn the following things:
1. How to conduct performance improvement projects
2. How to estimate in Excel savings and improvements
3. Where to look for performance improvements in FMCG and Retail
4. What frameworks can be used during performance improvement projects
This course is based on my 14 years of experience as a consultant in top consulting firms and as a Board Member responsible for strategy, performance improvement and turn-arounds in biggest firms from Retail, FMCG, SMG, B2B and services sectors that I worked for. I have carried or supervised over 90 different performance improvement projects in different industries that generated in total 2 billion of additional EBITDA. This presentation is a part of my online course: http://bit.ly/PerformanceImprovementProjects
KPIs and metrics for Management Consultants and ManagersAsen Gyczew
Practical guide how to use KPIs to understand & manage a business
Most businesses on the face of it look very complicated and difficult to understand. On top of that the competition is so fierce that you have to take decisions based on data and not on gut feeling (a very misleading creature). That’s why it’s crucial to define and understand the main drivers and metrics measuring those drivers. If you have properly defined Key Performance Indicators (KPIs) you can understand the mechanism behind any business, you will be able to model it in Excel and you will know how to grow it or improve it. You can also use properly defined KPIs to manage people efficiently, give them goals aligned with your goals. That’s why I have decided to create a course solely concentrated on this KPIs.
This course will give you the knowledge and insight into drivers and KPIs used in different business models that can be used for understanding the business, managing it, motivating people and improving results. The course will make your life during a consulting project much easier. If you are already a manager thanks to this course you will learn how to use the KPIs to understand and grow your business.
This course will help you drastically improve your knowledge and skills in understanding and improving your business using KPIs. It is designed for management consultants and newly appointed managers that want to excel at their work. In the course you will learn 6 things:
1. How to understand the business through KPIs
2. How to use KPIs to model the business in Excel
3. How to use KPIs to manage the business
4. How to use KPIs to motivate people
5. How to use KPIs to improve the business
6. What is a good KPI
For more check my course: http://bit.ly/KPIsCourse
SMCG for Management Consultants and Business AnalystsAsen Gyczew
Consulting projects especially when it comes to consumer goods business are very demanding. The two most complicated areas are sales and marketing and supply chain. During consulting projects I have seen business analysts and management consultants struggling with understanding the business fast enough to deliver value to the customer. This course will give you the knowledge and insight into real life case studies that will make your life during a consulting project in a consumer goods business much easier.
This presentation will help you improve your knowledge and skills in analyzing and improving Slow Moving Consumer Goods businesses (SMCG). It is designed for people who want to become management consultants, business analysts or have to run and optimize SMCG businesses on daily bases. In the course you will learn 3 things:
1. How to model SMCG business in Excel
2. How to improve sales and marketing in order to increase margin and profit
3. How to improve supply chain in order to increase margin and profit
For more check my presentation: http://bit.ly/SMCGSlideshare
It’s not easy to transition first from an efficient specialist to a manager and later on to an outstanding CEO. What made you a great specialist quite often is a problem at a manager level. You have to totally switch the way you work and on what you concentrate. The same goes for your transition from manager to CEO. Being a CEO is not just managing a bigger team or more senior team. If you want to be successful you have to fully redefine your role, unlearn some things and learn new skills.
Most of the people have problems with those sort of transitions. If all you have is a hammer, everything looks like a nail. This old saying is unfortunately very true when you move to managerial positions. You tend to continue doing things that made you successful but what I got you here won’t get you there.
This course will help you redefine your role and transition from a specialist to a manager and later on to a CEO. I will provide you clear guidelines what and how to do in order to be efficient and effective manager as well as CEO. In this course you will learn 5 things
1. How to be an efficient and effective manager
2. How to be an efficient and effective CEO
3. How to understand the business from the position of a CEO
4. How to improve the business as a CEO
5. How to make your business strategically sustainable
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
In the Adani-Hindenburg case, what is SEBI investigating.pptxAdani case
Adani SEBI investigation revealed that the latter had sought information from five foreign jurisdictions concerning the holdings of the firm’s foreign portfolio investors (FPIs) in relation to the alleged violations of the MPS Regulations. Nevertheless, the economic interest of the twelve FPIs based in tax haven jurisdictions still needs to be determined. The Adani Group firms classed these FPIs as public shareholders. According to Hindenburg, FPIs were used to get around regulatory standards.
An introduction to the cryptocurrency investment platform Binance Savings.Any kyc Account
Learn how to use Binance Savings to expand your bitcoin holdings. Discover how to maximize your earnings on one of the most reliable cryptocurrency exchange platforms, as well as how to earn interest on your cryptocurrency holdings and the various savings choices available.
Company Valuation webinar series - Tuesday, 4 June 2024FelixPerez547899
This session provided an update as to the latest valuation data in the UK and then delved into a discussion on the upcoming election and the impacts on valuation. We finished, as always with a Q&A
Recruiting in the Digital Age: A Social Media MasterclassLuanWise
In this masterclass, presented at the Global HR Summit on 5th June 2024, Luan Wise explored the essential features of social media platforms that support talent acquisition, including LinkedIn, Facebook, Instagram, X (formerly Twitter) and TikTok.
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LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
We will dig deeper into:
1. How to capture video testimonials that convert from your audience 🎥
2. How to leverage your testimonials to boost your sales 💲
3. How you can capture more CRM data to understand your audience better through video testimonials. 📊
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
2. 2
A lot of people spend almost everything they earn, live on borrowed money and
struggle to make ends meet. This happens regardless of how much you earn.
3. 3
This situation can be changed. You can start gradually building your wealth by applying
simple hacks that will help you spend less, earn more and be more productive
4. 4
I will show you how to build your wealth gradually using Management Consulting Hacks.
Management Consultants are famous for the rational approach and efficiency
5. 5
In this course I will teach you Management Consulting Hacks using
easy to understand useful case studies and real life examples.
6. 6
In business you have to make a lot of important decisions
Thanks to this hacks, techniques and tools it will be much easier
for you to spend less, earn more and be much more productive
7. 7
Personal Finance using Management
Consulting Hacks
$190
$19
What you will see in this presentation is a part of my online course where you
can find case studies showing analyses along with detailed calculations in Excel
Click here to check my course
9. 9
We have divided the course into 7 parts. Each part contains useful Management
Consulting Hacks that will help you improve your personal finance
10. 10
Be more productive – How
to do the right things
Be more productive – How
to work faster
How to spend less
Additional revenue streams
How much money you
actually need?
How to earn more
How to invest wisely your
money
12. 12
Building wealth can be boil down to 3 things
Income Expenses Savings=-
Savings x # of years = Total savings
Total savings x
1 + increase in
value in %
= Total wealth
13. 13
Let’s have a look at the general framework that we will use in this course
How to build your
wealth
Earn more Spend less
Be more
productive
Add new revenue
streams
Invest wisely your
money
Choose your life
partners wisely
Manage your kids
properly
14. 14
In every section we will go deeper into things you can do. Below example
for ideas how to spend less
How to build your
wealth
Earn more Spend less
Be more
productive
Add new revenue
streams
Invest wisely your
money
Choose your life
partners wisely
Manage your kids
properly
Reduce usage /
frequency of using /
purchasing
Eliminate some
expenses
Renegotiate prices &
find cheaper provider
Calculate Total Cost
of Ownership (TCO)
Adjust your choices
and behavior using
TCO & tradeoffs
Be healthy & in shape
Calculate the value of
your time
Do make it or buy it
analysis using value
of your time
Measure happiness
per 100 USD spent &
adjust your choices
Reduce expensive
liabilities
Repurpose assets
that don’t generate
income
Check the end
outcome of things
and is it worth it
17. 17
In this section we will discuss useful ways that will help you spend less and save
more money
General framework for
spending less
Analysis of your
expenses / spending
Detailed discussion of
methods to spend less
Cases studies &
examples how to apply
them
Other useful things that
will help you spend less
& save money
19. 19
As you may remember we have the following general framework
How to build your
wealth
Earn more Spend less
Be more
productive
Add new revenue
streams
Invest wisely your
money
Choose your life
partners wisely
Manage your kids
properly
20. 20
In this section we will get deeper into ways to spend less
How to build your
wealth
Earn more Spend less
Be more
productive
Add new revenue
streams
Invest wisely your
money
Choose your life
partners wisely
Manage your kids
properly
Reduce usage /
frequency of using /
purchasing
Eliminate some
expenses
Renegotiate prices &
find cheaper provider
Calculate Total Cost
of Ownership (TCO)
Adjust your choices
and behavior using
TCO & tradeoffs
Be healthy & in shape
Calculate the value of
your time
Do make it or buy it
analysis using value
of your time
Measure happiness
per 100 USD spent &
adjust your choices
Reduce expensive
liabilities
Repurpose assets
that don’t generate
income
Check the endgame
of an action and is it
worth it
23. 23
There are plenty of reasons why you have to first see on what you spend
currently your money
You will know how much money
you spend every month
You will see what is the structure of
your costs
You will be able to identify so
called one-offs
You can set priorities
You will know which categories you
will have to analyze in details
Awareness helps you already spend
less
You can set daily limits that will
help you get quick wins
You will know which habits /
believes you will have to deal with
25. 25
Let’s start with the goal. You want to see on what categories you spend
money and how much they make in your monthly spending
26. 26
There are 4 approaches to gather data on how much you spend and on
what
Fill in data in Excel by
categories
Fill in data in Excel –
every spending a
separate entry
Use data from your
bank account
You create a matrix in Excel –
the rows are categories, the
columns are months
Manually you put data every
time you spend them in the
proper cell
You create a table in which
you put every spending.
Every spending is a separate
row
For every spending you put
not only the amount but also
the date of the spending and
you pick the category
You can use the table to
create all sort of reports
You can either do the
analysis directly in your
banking system by adding to
every spending the category
of spending
You can also download the
data from the banking
system and analyze them in
Excel
Other specialized
tools for analyzing
your spending
Mobile apps like: Mint,
Pocket Guard, YNAB
Other similar tools that
aggregate your data from
different banking account
and the data that you put in
manually
27. 27
There are 4 approaches to gather data on how much you spend and on
what
Fill in data in Excel by
categories
Fill in data in Excel –
every spending a
separate entry
Use data from your
bank account
You create a matrix in Excel –
the rows are categories, the
columns are months
Manually you put data every
time you spend them in the
proper cell
You create a table in which
you put every spending.
Every spending is a separate
row
For every spending you put
not only the amount but also
the date of the spending and
you pick the category
You can use the table to
create all sort of reports
You can either do the
analysis directly in your
banking system by adding to
every spending the category
of spending
You can also download the
data from the banking
system and analyze them in
Excel
Other specialized
tools for analyzing
your spending
Mobile apps like: Mint,
Pocket Guard, YNAB
Other similar tools that
aggregate your data from
different banking account
and the data that you put in
manually
29. 29
The second method would look roughly like this in practice
Date
Amount spend
In USD Reason Month Category
01/06/2019 400Mortgage 6Flat related expenses
01/06/2019 100
Fees for the
appartment 6Flat related expenses
01/06/2019 50Electricity 6Flat related expenses
01/06/2019 12Netflix 6Entertainment
01/06/2019 40Internet + HBO 6Entertainment
01/06/2019 30Phone 6Phone
03/06/2019 15Bachata 6Sport
10/06/2019 15Bachata 6Sport
17/06/2019 15Bachata 6Sport
24/06/2019 15Bachata 6Sport
04/06/2019 80Groceries 6Daily expenses
11/06/2019 60Groceries 6Daily expenses
18/06/2019 70Groceries 6Daily expenses
25/06/2019 90Groceries 6Daily expenses
03/06/2019 25Lunch outside 6Dinning out
04/06/2019 25Lunch outside 6Dinning out
05/06/2019 25Lunch outside 6Dinning out
06/06/2019 25Lunch outside 6Dinning out
07/06/2019 30Lunch outside 6Dinning out
10/06/2019 25Lunch outside 6Dinning out
11/06/2019 25Lunch outside 6Dinning out
12/06/2019 20Lunch outside 6Dinning out
13/06/2019 25Lunch outside 6Dinning out
14/06/2019 25Lunch outside 6Dinning out
17/06/2019 30Lunch outside 6Dinning out
18/06/2019 25Lunch outside 6Dinning out
30. 30
There are 4 approaches to gather data on how much you spend and on
what
Fill in data in Excel by
categories
Fill in data in Excel –
every spending a
separate entry
Use data from your
bank account
Other specialized
tools for analyzing
your spending
32. 32
Just as reminder reducing usage is one of the ways in which we can spend
less. Now we will talk about this in details
How to build your
wealth
Earn more Spend less
Be more
productive
Add new revenue
streams
Invest wisely your
money
Choose your life
partners wisely
Manage your kids
properly
Reduce usage /
frequency of using /
purchasing
Eliminate some
expenses
Renegotiate prices &
find cheaper provider
Calculate Total Cost
of Ownership (TCO)
Adjust your choices
and behavior using
TCO & tradeoffs
Be healthy & in shape
Calculate the value of
your time
Do make it or buy it
analysis using value
of your time
Measure happiness
per 100 USD spent &
adjust your choices
Reduce expensive
liabilities
Repurpose assets
that don’t generate
income
Check the end
outcome of things
and is it worth it
33. 33
To show you how important this technique is I will do the following 3
things in the next few lectures
Cases study showing reduction
of frequency of usage
Cases study showing reduction
of frequency of purchasing
How to identify which expenses
are worth reducing
34. 34
Check the details of the cases in my online course
Reduce how often you do
something per month
Reduce how often you replace
something
Click here to check my course
36. 36
As we said we have 2 cases
Reduce how often you do
something per month
Reduce how often you
replace something
We reduce how often we do something
In this way we reduce the overall all
expenses
This techniques is great for things that are
cheap, but we do them very often:
coffee, parties, Uber / taxi etc.
We reduce the frequency of purchase
In other words we extend the time of
usage of specific thing
It’s great for SMCG / items used for
longer period: clothes, cars, laptops,
smartphones, furniture etc.
37. 37
Get the low hanging fruits first. By low
hanging fruits we mean things with big
impact and easy to accomplish
38. 38
Resources needed
Impact
SmallBig
High
Low
Things with big impact that
require little work
1
Easy but with low impact
3
Things with big impact yet
expensive, time consuming
2
No
In low hanging fruits we divide the potential choices in 4 categories
39. 39
As we said we have 2 cases
Reduce how often you do
something per month
Reduce how often you
replace something
40. 40
Let’s see how the low hanging fruit framework would look for the first
category
Reduce how often you do
something per month
Reduce how often you
replace something
41. 41
12
4 3
Frequency of doing
something during the month
High
Low % in total expenses
HighLow
Lunch outside
In the case of the reducing frequency of usage the low hanging fruit method
looks like this. Below how it would look for Giuseppe
Coffee
Mortgage
Uber / Taxi / Cab
Dinner with Girlfriend
Netflix
Cinema
42. 42
Let’s see how the low hanging fruit framework would look for the
second category
Reduce how often you do
something per month
Reduce how often you
replace something
43. 43
12
4 3
# of years between purchase
Low
High How high is the cost / price
HighLow
Renovating the flat
Below how it would look for Maria
Clothes
Domestic appliances
Smartphone & Laptop
45. 45
Just as reminder eliminating some expenses is one of the ways in which we
can spend less. Now we will talk about this in details
How to build your
wealth
Earn more Spend less
Be more
productive
Add new revenue
streams
Invest wisely your
money
Choose your life
partners wisely
Manage your kids
properly
Reduce usage /
frequency of using /
purchasing
Eliminate some
expenses
Renegotiate prices &
find cheaper provider
Calculate Total Cost
of Ownership (TCO)
Adjust your choices
and behavior using
TCO & tradeoffs
Be healthy & in shape
Calculate the value of
your time
Do make it or buy it
analysis using value
of your time
Measure happiness
per 100 USD spent &
adjust your choices
Reduce expensive
liabilities
Repurpose assets
that don’t generate
income
Check the end
outcome of things
and is it worth it
46. 46
We will start by discussing how to identify which expenses are worth
eliminating. Later on as always we will move on to case studies
How to identify which
expenses are worth
eliminating
Cases study showing
elimation of some expense
48. 48
There are 3 main reasons why you should eliminate certain expenses
Eliminate things you
don’t use
Eliminate things you
don’t enjoy
There is no point in paying for
something that you don’t use
There is no point in paying for
something that you don’t enjoy
In this category you will have all
sorts of products that you buy due
to social pressure or to show-off
Eliminate things that are
harmful
Don’t pay for things that are
harming you
It doesn’t make sense to pay for
pain or things that will cause a lot
of trouble in the future
50. 50
Another great thing that you can use to spend is less is simply to look at the
prices you pay and change them
How to build your
wealth
Earn more Spend less
Be more
productive
Add new revenue
streams
Invest wisely your
money
Choose your life
partners wisely
Manage your kids
properly
Reduce usage /
frequency of using /
purchasing
Eliminate some
expenses
Renegotiate prices &
find cheaper provider
Calculate Total Cost
of Ownership (TCO)
Adjust your choices
and behavior using
TCO & tradeoffs
Be healthy & in shape
Calculate the value of
your time
Do make it or buy it
analysis using value
of your time
Measure happiness
per 100 USD spent &
adjust your choices
Reduce expensive
liabilities
Repurpose assets
that don’t generate
income
Check the end
outcome of things
and is it worth it
51. 51
We will start with a general framework and later I will show you in practice how
to deal with this subject
Approach to renegotiation of prices
& finding cheaper providers
Cases study showing how to do it in
practice
53. 53
Below a nice approach that is useful when it comes to cutting down on
prices paid
List categories of
costs that you incur
Estimate annual
expenses for every
category
Estimate roughly the
potential in
percentage that you
can save
Prepare action plan
for every saving
Act using the action
plan you have
defined
55. 55
Now we will move to a bit more complicated issue the Total Cost of
Ownership
How to build your
wealth
Earn more Spend less
Be more
productive
Add new revenue
streams
Invest wisely your
money
Choose your life
partners wisely
Manage your kids
properly
Reduce usage /
frequency of using /
purchasing
Eliminate some
expenses
Renegotiate prices &
find cheaper provider
Calculate Total Cost
of Ownership (TCO)
Adjust your choices
and behavior using
TCO & tradeoffs
Be healthy & in shape
Calculate the value of
your time
Do make it or buy it
analysis using value
of your time
Measure happiness
per 100 USD spent &
adjust your choices
Reduce expensive
liabilities
Repurpose assets
that don’t generate
income
Check the end
outcome of things
and is it worth it
56. 56
We will start with a definition and later on I will show you a case study that will
use the concept of total cost of ownership
Definition of the Total Cost of
Ownership
Cases study using Total Cost of
Ownership
57. 57
The case study will be devoted to trying to decide whether it’s better to own a
flat or rent it
Rent or buy a flat
59. 59
All the cost related to owning or using a specific
item / thing
It will also include the cost of lost opportunity i.e.
money not earned due to spending time on
repairing the thing
Total cost of
ownership
=
Let’s start with a short definition
60. 60
Cost of buying a car
Insurance
Fuel
Cost of maintenance including repairs &
parts
Time wasted on maintenance, parking etc.
Other i.e. parking tickets, traffic ticket etc.
Let’s compare the cost of owing a car and using a rideshare /
taxi / cab service
Cost of rideshares
62. 62
Let’s imagine that Peter is considering 2 choice: buying an apartment or
renting it. Let’s use the total cost of ownership to see what makes sense.
63. 63
Let’s have a look at the information that Peter has
Buying the apartment would
require EUR 150 K
Renting cost EUR 600 per month
Interest rate is 3%, inflation 2%,
Wage increase is 5%
Peter currently earns EUR 30 per
hour
64. 64
Personal Finance using Management
Consulting Hacks
$190
$19
For more details and content check my online course where you can find case
studies showing analyses along with detailed calculations in Excel
Click here to check my course
66. 66
There are plenty of areas in which you can apply the Total Cost of Ownership
framework
Choice of flat & the
way you finance it
Choice of car
Holiday house vs
paid holidays
Own boat vs rented
boat
Choice of printer or
printing service
Choice of razors
Choice of cosmetic /
beauty procedure
Choice of
smartphone
Choice of domestic
appliance
Car vs Scooter vs Bike Many, many more
68. 68
Staying in shape can help you drastically reduce your
expenses. Here we have both direct as well as indirect impact
69. 69
Below some of the benefits of staying in shape & healthy
You spend less on food
You spend less time on buying and
preparing food
You don’t have to exchange your
clothes that often
You spend drastically less on health
related issues
You spend less time with doctors /
hospitals
You are more productive and have
more time to work
Your example will impact your kids
and they will be less costly for you
70. 70
To show you how important it is and how to do it in practice we will do 3 case
studies and we will talk about 2 useful frameworks
Costs comparison
How to o lose
weight – case study
How to get into
shape using – case
study
Low hanging fruit
framework
SMART goals
74. 74
Just as a reminder you were supposed to help Kate lose weight. The first
step is to list all potential activities that can help her achieve the goal
75. 75
Let’s first list all potential ideas
Cut down on sweets by 50%
Buy special meal kit / box diet
Run 2 times a week for 30 minutes
Walk every day 15 K steps
Hire personal trainer / coach
Measure calories intake
Do intermittent fasting
Stop eating carbs / carbohydrates
Eat 2 kg of vegetables every day Give up sweet beverages
Start drinking green tea Drink 4 liters of water every day
15 minutes of daily exercises Plastic surgery
76. 76
1
Now try to map all ideas on the low hanging fruit matrix
2
4 3
Impact
High
Low Difficulty level
LowHigh
78. 78
Just as a reminder you were supposed to help Kate lose weight. We have
the list let’s try to put the on the map and identify low hanging fruits
79. 79
Let’s first list all potential ideas
Cut down on sweets by 50%
Buy special meal kit / box diet
Run 2 times a week for 30 minutes
Walk every day 15 K steps
Hire personal trainer / coach
Measure calories intake
Do Intermittent fasting
Stop eating carbs / carbohydrates
Eat 2 kg of vegetables every day Give up sweet beverages
Start drinking green tea Drink 4 liters of water every day
15 minutes of daily exercises Plastic surgery
80. 80
1
Let’s map all ideas on the low hanging fruits matrix
2
4 3
Impact
High
Low Difficulty level
LowHigh
Cut down on sweets by 50%
Buy special meal kit / box diet
Run 2 times a week for 30 minutes Walk every day 15 K steps
Eat 2 kg of vegetables every day
Start drinking green tea
15 minutes of daily exercises
Hire personal trainer / coach
Measure calories intake
Do Intermittent fasting
Stop eating carbs / carbohydrates
Give up sweet beverages
Drink 4 liters of water every day
Plastic surgery
82. 82
Let’s help Tom get in shape by using the SMART goal framework. Help
him achieve his goals in 9 months
83. 83
Let’s first define the goals in the SMART framework
Tom weighs 110 kg. He wants to
lose 30 kg in 6 months
He can currently lift 30 kg. He
wants to reach 60 kg
He can currently run for 2
minutes at speed 7 min/km
We wants to run for 30 minutes
at the speed 5 min/km
85. 85
Whether you clean, cook, wait in the line you are effectively using your
precious resource that is also limited – the time
86. 86
Time like money is limited and you can exchange between each other
Time Money
87. 87
Calculating the value of your time is a next step that will help you save
money
How to build your
wealth
Earn more Spend less
Be more
productive
Add new revenue
streams
Invest wisely your
money
Choose your life
partners wisely
Manage your kids
properly
Reduce usage /
frequency of using /
purchasing
Eliminate some
expenses
Renegotiate prices &
find cheaper provider
Calculate Total Cost
of Ownership (TCO)
Adjust your choices
and behavior using
TCO & tradeoffs
Be healthy & in shape
Calculate the value of
your time
Do make it or buy it
analysis using value
of your time
Measure happiness
per 100 USD spent &
adjust your choices
Reduce expensive
liabilities
Repurpose assets
that don’t generate
income
Check the end
outcome of things
and is it worth it
88. 88
Calculating the value of your time is a next step that will help you save
money
How to build your
wealth
Earn more Spend less
Be more
productive
Add new revenue
streams
Invest wisely your
money
Choose your life
partners wisely
Manage your kids
properly
Reduce usage /
frequency of using /
purchasing
Eliminate some
expenses
Renegotiate prices &
find cheaper provider
Calculate Total Cost
of Ownership (TCO)
Adjust your choices
and behavior using
TCO & tradeoffs
Be healthy & in shape
Calculate the value of
your time
Do make it or buy it
analysis using value
of your time
Measure happiness
per 100 USD spent &
adjust your choices
Reduce expensive
liabilities
Repurpose assets
that don’t generate
income
Check the end
outcome of things
and is it worth it
89. 89
Whenever we are looking at a activity there will be 2 components. We calculate
the value of time to know the tradeoffs and be able to compare
Activity
Money Time
Preparing a meal
$ 5 1 hour
$ 5 $ 20
$ 25
Eating a meal at restaurant
$ 30 0.5 hour
$ 30 $ 10
$ 40
90. 90
Now let’s see how you calculate the value of time
# of hours devoted
to activity
x
Hourly wage / salary
net of taxes
=
Value of 1 hour
expressed in money
92. 92
Let’s imagine that you want to help Maria use her time wisely. Therefore,
you want to show how much she invest in daily things expressed in money
93. 93
There are a few things that we know about Maria
She earns EUR 40 per 1 hour
after deducting taxes
She cooks every day. It takes 1
hour to prepare a meal
She cleans the house every
week. It takes 4 hours to clean
She shops every second day. It
takes her 1.5 hours per 1 visit
94. 94
How to use the value of your time
to make decisions?
95. 95
You can use the value of time for 3 things
Make-or-buy analysis Spend less
You can use the value of time to do
the so called make it or buy it
analysis
In make-or-buy analysis you try to
see what makes sense: to do
something on your own (i.e.
cleaning) or to delegate this to
somebody else, buy the service or
product
In some cases you may decide to
do something on your own even
though the price of buying it is
lower than the value of time you
devote to it
You do it when you are stranded
for cash, but you have time that
you can use to do some tasks to
save cash
Earn more
In cases when you can turn your
time into more money you can use
the result of the make-or-buy
analysis and decide to delegate
some things to other people / firms
The saved time you should put to
working more / earning more to be
able to pay to the supplier of
services / products that you
decided not to do
96. 96
In a sense you can use the following criteria to decide what to do
Make-or-buy
analysis
Is the price
lower than the
value of your
time?
Do you need the
cash
Can you turn
additional time
into additional
money
YES
Do the thing on
your own
NO
YES
Buy the thing
and start
working more
Do the thing on
your own
YES
NO
Decide using
other criteria i.e.
happiness
NO
97. 97
Do make it or buy it analysis
using value of your time
98. 98
As we have suggested you should use the value of your time to decide whether
you should do something personally or you should buy it /delegate it
How to build your
wealth
Earn more Spend less
Be more
productive
Add new revenue
streams
Invest wisely your
money
Choose your life
partners wisely
Manage your kids
properly
Reduce usage /
frequency of using /
purchasing
Eliminate some
expenses
Renegotiate prices &
find cheaper provider
Calculate Total Cost
of Ownership (TCO)
Adjust your choices
and behavior using
TCO & tradeoffs
Be healthy & in shape
Calculate the value of
your time
Do make it or buy it
analysis using value
of your time
Measure happiness
per 100 USD spent &
adjust your choices
Reduce expensive
liabilities
Repurpose assets
that don’t generate
income
Check the end
outcome of things
and is it worth it
99. 99
I have mentioned that you should follow an easy rule to decide what
you do and what you don’t do yourself
Make-or-buy
analysis
Is the price
lower than the
value of your
time
Do you need the
cash
Can you turn
additional time
into additional
money
YES
Do the thing on
your own
NO
YES
Buy the thing
and start
working more
Do the thing on
your own
YES
NO
Decide using
other criteria i.e.
happiness
NO
100. 100
Check my online course for details on the case studies
Should Maria delegate some of
her everyday work?
Car vs Uber
Click here to check my course
102. 102
Let’s imagine that you were to decided whether it makes more sense to
buy a car or to use Uber
103. 103
We will consider 3 scenarios
Consider 3 scenarios
In scenario 1 you use the car just
to get to work
In scenario 2 you use it also for
buying and visiting friends
In scenario 3 you also travel on
weekends
104. 104
Let’s see what is the difference for
# of days during
which you use the
car during the
month
Scenario 1 - just to get to
work
20
Average # of km per
day covered
50
Scenario 2 - work, shopping,
friends
26
70
Scenario 3 - work, shopping,
friends, weekends
30
90
% probability of
scenario
50% 30% 20%
105. 105
A few hints on what costs you should take into consideration
for the own car option
Purchasing of the car & financing
Maintenance
Insurance
Fuel
Parking
Other costs i.e. traffic tickets
107. 107
Now we will move to spending efficiency. This time the efficiency we will
measure in happiness level per 100 USD spent
How to build your
wealth
Earn more Spend less
Be more
productive
Add new revenue
streams
Invest wisely your
money
Choose your life
partners wisely
Manage your kids
properly
Reduce usage /
frequency of using /
purchasing
Eliminate some
expenses
Renegotiate prices &
find cheaper provider
Calculate Total Cost
of Ownership (TCO)
Adjust your choices
and behavior using
TCO & tradeoffs
Be healthy & in shape
Calculate the value of
your time
Do make it or buy it
analysis using value
of your time
Measure happiness
per 100 USD spent &
adjust your choices
Reduce expensive
liabilities
Repurpose assets
that don’t generate
income
Check the end
outcome of things
and is it worth it
108. 108
Let’s have a look at a short example that will exemplify what we have in mind
Activity
Cost
Duration
Happiness
Book
$ 10 5 hour
Cinema
$ 10 2 hour
Happiness level for 100
USD
$ 100 50 hour $ 100 20 hour
109. 109
You should group the activities and pick rather things that give you
more happiness per 100 USD spend
Entertainment
Sport
Your relations with friends
Your relations with your
girlfriend
Your relations with family
Food
111. 111
Many people are stacked with expensive debts. You have to deal with them to
reduce your overall expenses
How to build your
wealth
Earn more Spend less
Be more
productive
Add new revenue
streams
Invest wisely your
money
Choose your life
partners wisely
Manage your kids
properly
Reduce usage /
frequency of using /
purchasing
Eliminate some
expenses
Renegotiate prices &
find cheaper provider
Calculate Total Cost
of Ownership (TCO)
Adjust your choices
and behavior using
TCO & tradeoffs
Be healthy & in shape
Calculate the value of
your time
Do make it or buy it
analysis using value
of your time
Measure happiness
per 100 USD spent &
adjust your choices
Reduce expensive
liabilities
Repurpose assets
that don’t generate
income
Check the end
outcome of things
and is it worth it
112. 112
There are some golden rules that you should follow when it comes to
debt reduction
Pay first the most expensive debts
Pay the expensive loans / debt as
soon as possible
Don’t loose liquidity. Be able to cover
your payments in every period
Increase the amount on the cheapest
debt to pay off the more expensive
debts
Play with the length of the loan to be
liquid in every period
Play with the size of the loan to be
liquid in every period
113. 113
Below a nice approach that is the most useful when it comes to
reducing debts
List all debts and
interest paid on
them
Model each debt /
loan in a separate
sheet
Check what is the
cash gap and what
you have to do it to
cover it
Check how much
you can save by
paying off the most
expensive debt first
Act using the action
plan you have
defined
115. 115
Let’s imagine that you have to help Adam and Eva deal with their debts. They want to
lower the amount they spend on interest paid. Have a look at their debts
116. 116
A few information about Adam and Eva
They earn in total EUR 6 000
They can save up to 20%
They have 3 loans: mortgage,
credit card and car loan
Try to help them restructure
their debt
118. 118
Another step you can take is to repurpose assets that don’t generate income
How to build your
wealth
Earn more Spend less
Be more
productive
Add new revenue
streams
Invest wisely your
money
Choose your life
partners wisely
Manage your kids
properly
Reduce usage /
frequency of using /
purchasing
Eliminate some
expenses
Renegotiate prices &
find cheaper provider
Calculate Total Cost
of Ownership (TCO)
Adjust your choices
and behavior using
TCO & tradeoffs
Be healthy & in shape
Calculate the value of
your time
Do make it or buy it
analysis using value
of your time
Measure happiness
per 100 USD spent &
adjust your choices
Reduce expensive
liabilities
Repurpose assets
that don’t generate
income
Check the end
outcome of things
and is it worth it
119. 119
Let’s first start by dividing our assets into 4 groups
YES
Do we use the assets
currently?
Useful & valuable
You use them currently – so they don’t
generate cash.
This asset value will increase with the time so
don’t sell it – keep it!
Try to make this group as small as possible
Potential investment that can generate cash
today
Keep them provided you don’t have to repay
your debts
Try to generate cash from them
Not used & losing value
Sell them
If selling is not possible rent them to generate
some cash
Useful & losing value
Don’t buy too much of those
Use them as much as possible
Try to make this group as small as possible
NO
Not-used
Used
Does its value
increase with time?
120. 120
Let’s have a look at some examples
YES
Do we use the assets
currently?
Useful & valuable
Our first flat / apartment that is located in the
center
Potential investment that can generate cash
today
Second flat / apartment located in the center
Summer house
Books that are no-longer printed
Jewelry
Not used & losing value
Clothes that we hardly ever wear
Second laptop or second iPhone
Second flat located in a town which population
is decreasing
Car we hardly every use
Useful & losing value
Car that we use to go to work
Clothes we wear
Our smartphone that we use daily
NO
Not-used
Used
Does its value
increase with time?
121. 121
Below the approach we propose to handling the assets
Divide the assets
into 4 groups
Sell assets that you
are not using and
that are losing value
Rent the rest of
assets that you are
not using
Try to minimize the
assets you use
Rent bigger part of
the assets you are
not using
123. 123
Tomasz & Monika married 5 years ago and they have decided with his wife to
go through their assets and put them to use. Help them with this task
124. 124
A few things we know about Tomasz & his wife Monika
They have has 2 cars. Monika uses her
car once every 2 weeks
They have 2 small apartments and 1
big apartment.
One of the small apartment is filled
with their old clothes
In the second apartment they rent
just 1 room out of 2
125. 125
Below a detailed list of their main assets
Old clothes
Tomasz’s car
Monika’s car
Small Apartment 1
2 toaster
3 vacuum cleaners
Books from the beginning of 20th century
2 old laptops
Small Apartment 2 4 old smartphones
Big Apartment
Land in the village with one of the highest
unemployment rate in Poland
126. 126
YESNO
Not-
used
Used
Do we use the assets
currently?
Does its value
increase with time?
Useful & valuable
Potential investment that can generate cash
today
Not used & losing value
Useful & losing value
Try to map them using our framework. Divided them in 4 groups
128. 128
Just as a reminder you were supposed to help Tomasz and his wife to go
through their assets and put them to use. First you had to divide into 4 groups
129. 129
A few things we know about Tomasz & his wife Monika
They have has 2 cars. Monika uses her
car once every 2 weeks
They have 2 small apartments and 1
big apartment.
One of the small apartment is filled
with their old clothes
In the second apartment they rent
just 1 room out of 2
130. 130
Below all detailed list of their main assets we got from them
Old clothes
Tomasz’s car
Monika’s car
Small Apartment 1
2 toaster
3 vacuum cleaners
Books from the beginning of 20th century
2 old laptops
Small Apartment 2 4 old smartphones
Big Apartment
Land in the village with one of the highest
unemployment rate in Poland
131. 131
YESNO
Not-
used
Used
Do we use the
assets for
currently
Does its value increase with time?
Useful & valuable
Potential investment that can generate cash
todayNot used & losing value
Useful & losing value
We can divide their assets in the following way
Old clothes
Tomasz’s car
Monika’s car Small Apartment 1
Small Apartment 2
Big Apartment
1 toaster
1 vacuum cleaners
Books from the beginning of
20th century
1 toaster
2 vacuum cleaners
2 old laptops
4 old smartphones
Land in the village
133. 133
The last thing worth considering that will help you spend less is to check the
end outcome before investing
How to build your
wealth
Earn more Spend less
Be more
productive
Add new revenue
streams
Invest wisely your
money
Choose your life
partners wisely
Manage your kids
properly
Reduce usage /
frequency of using /
purchasing
Eliminate some
expenses
Renegotiate prices &
find cheaper provider
Calculate Total Cost
of Ownership (TCO)
Adjust your choices
and behavior using
TCO & tradeoffs
Be healthy & in shape
Calculate the value of
your time
Do make it or buy it
analysis using value
of your time
Measure happiness
per 100 USD spent &
adjust your choices
Reduce expensive
liabilities
Repurpose assets
that don’t generate
income
Check the endgame
of something and
whether it is worth it
134. 134
In those situation usually you must spend significant amount of money in
advance. The outcome may be small..
Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10
136. 136
…or great.
Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10
137. 137
There are plenty of situation that this approach is extremely important
Education
Buying a car
Buying a flat / house
Investing in a certificate
Startup investment
Stock investment
Moving to a new place
Changing your career path
138. 138
Check the online course for details on the case study and calculation in
Excel
Should George do the MBA?
Click here to check my course
139. 139
Personal Finance using Management
Consulting Hacks
$190
$19
For more details and content check my online course where you can find case
studies showing analyses along with detailed calculations in Excel
Click here to check my course
142. 142
The key to growing your wealth is to be more productive. In other words to
do more valuable output, more efficiently and most of all do the right things
143. 143
We have covered methods to spend less. Now it’s time to have a look at
productivity
How to build your
wealth
Earn more Spend less
Be more
productive
Add new revenue
streams
Invest wisely your
money
Choose your life
partners wisely
Manage your kids
properly
144. 144
Check our presentation on productivity hacks to learn how to 10x your
efficiency
Management consultant
productivity hacks
How to be lazy and still get things done
presentation
147. 147
In this section we will get deeper into ways to earn more
How to build your
wealth
Earn more Spend less
Be more
productive
Add new revenue
streams
Invest wisely your
money
Choose your life
partners wisely
Manage your kids
properly
Be more productive
Acquire new skills &
knowledge
Deliver value
Demonstrate that
you have delivered
the value
Ask for a raise
Change the way you
are getting your
money
Befriend people
within the firm
Network outside the
firm
Get promoted
Move from one firm
to another
Get more hours
Change your career
path to a more
promising one
149. 149
The first step to earning more is simply to be more productive. This is the
cornerstone for all other moves. First take care of that
150. 150
When it comes to the most useful personal productivity hacks they can
be divided into 2 groups
Select (do the right
things)
Work faster
151. 151
When it comes to doing the right things are few simple rules / tools that
you can use
80/20 rule
Go from general to
specific
Use simple math
Go for low hanging
fruit
Right down issue
trees
Use benchmarksSet priorities
152. 152
Working faster requires you to do some changes in the way you work
Create to-do lists Set SMART goals
Use the right tools
and master them
Remove bottlenecks
Talk and write in a
simple way
Create universal
structure for folders
Avoid emailsAvoid multitasking
Standardize
everything
Create templates and
modules
Avoid iterations
Guess and prepare
ahead
154. 154
New skills & knowledge are extremely important for variety of reasons
Can help you do you work faster / do more
or better work
You can be able to do more valuable things
for the firm
Signaling effect of new skills & knowledge
New skills can help you change the rules of
the game i.e. automate work
Thanks to new skills / knowledge you may
be able to better cooperate with other
departments
If the skills / knowledge you have just
acquired does not exist in the firm you
became the main expert
Some skills are required on a specific
position
155. 155
Check the following case studies in the course
Compound effect
Case study – Ann improving her
reading speed
Click here to check my course
157. 157
Delivering value is extremely important and unfortunately difficult
You The firm
Value
Money
158. 158
The value may have different forms. No matter what it is make sure you
are delivering it
Physical product (i.e. produce part of the
finished product, tool, building, machine)
Digital product (i.e. create post, video,
manual, tool, software)
Service (i.e. analyze something, count,
transport, give advice, train people)
Generate sales
Status / Show off effect
Other (i.e. provide a different point of
view)
Bring new customers
160. 160
Below the approach to deliver value
Figure out who
decides about the
value
Define with him
what value for him
and the firm is
Define the KPIs to
measure the output
& quality of the
value
Learn how often and
how the value will
be measured
Define what to do to
deliver more value
161. 161
Let’s have a look at an example of a sales representative
Figure out who
decides about the
value
Define with him
what value for him
and the firm is
Define the KPIs to
measure the output
& quality of the
value
Learn how often and
how the value will
be measured
Define what to do to
deliver more value
Sales Director Revenue generated
by the customers
assigned to the
specific sales rep
Gross Margin
generated by the
customers assigned
to the specific sales
rep
Gross Margin value
expressed in
thousands of EUR
% Plan execution of
Gross margin
Payment terms
expressed in days
Monthly
Measured by the
Finance department
Improve the
acquisition of new
customers
Create tools that
would shorten the
visit at the
customers
Organized the
routes in a more
optimal way
164. 164
He came to the conclusion that it doesn’t matter. If there
is no observer, the tree doesn’t matter. It doesn’t exist
165. 165
Only the presence of the observer makes something real. The same goes
for the value you deliver. If nobody knows about it – it does not exist
166. 166
A few tips what to do to demonstrate the value
Pick the right boss
Define with your boss the value that
you have to deliver
Define & track the KPIs for the value
Make yourself and the value you create
visible (i.e. participate in rankings)
Participate in projects that will help you
highlight the value you create
Create things that will be used by a
large number of people in the firm
Discuss your progress in value creation
with your boss
Create things that will be used by the
most important decision makers
170. 170
The rabbit came and asked him if he was on the list. The lion
confirmed that and told him to say goodbye to his family
171. 171
Next came the dear and got the same answer. Animals came and went and almost
all of them got the same answer from the king. Prepare to die – you will be eaten.
172. 172
At some point came the Fox. He asked the Lion the same
question. The Lion told him that he is also on the list.
173. 173
At this point the Fox did something no other animal dared to do
174. 174
He asked the Lion: ”Can you cross me off the list”. The Lion surprising
said YES and cross him off the list. In this way the fox survived.
175. 175
Below the approach we propose to negotiating the raise
Do you research
Prepare you pitch –
why you deserve the
raise
Prepare the ground
for the discussion
about the raise
Meet with your boss
and be persistent
Don’t overdo it
Check what is the
level of salaries in
your department,
the firm on similar
positions and on
the market
Check your
performance
against others
Check what is the
financial situation of
the whole firm
Prepare on the
basis of the
research the
reasons why you
should get the raise
Such reasons
include: your much
higher
performance, your
salary is much lower
than on similar
positions, you are
delivering new
value to the firm
Don’t ambush the
boss
Ask him for a
special meeting to
discuss your salary
Make sure that
around the point of
discussion you are
creating a lot of
value and your boss
is aware of that
Meet with the boss
and present your
pitch – why you
should get a raise
and what amount of
money you have in
mind
Make it clear that
you are happy with
the work regardless
of your salary
Make sure that he
agrees that you are
delivering high
value and you are
relatively underpaid
If he doesn’t agree
for a raise ask under
what conditions and
when you can get it
Don’t try to get too
big a raise – this
may put you in
danger if your
performance is a
little bit lower or
the firm has
problems
Don’t ask for a raise
too often. Once a
year, especially
around the
performance review
is a good rule of
thumb
177. 177
Another way to earn more is simply to change the way you earn money. Let’s
consider 2 employees that are creating content
5 000
Peter John
Base salary 5 000
168# hours they work a
month
168
10# of posts they create
a month
10
How they are paid By the hour By the # of posts
178. 178
Now let’s imagine that both of them increase their productivity by 50%. As you
can see John earns much more
5 000
Peter John
Base salary 7 500
168# hours they work a
month
168
15# of posts they create
a month
15
How they are paid By the hour By the # of posts
0% 50%
50% 50%
179. 179
Now let’s think when it makes sense to move from charging by the hour (effort)
to charging by the output
You can be much more productive
than the average employee
You enjoy working
You don’t need that much socializing
at the work place
The output is easily observable by
you and your employee
The output is relatively standardized
– there is little variance
You are healthy and hardly ever
experience things that can harm your
output
181. 181
Let’s see why it makes sense to befriend people at your firm
People give more willingly raises to
people that they like
You are more likely to get a help from
colleagues if they like you
People talk & share information with
colleagues that they like
If they like you will have higher chances
to participate in interesting projects
Being likeable increases your chances of
getting promoted
If you are liked a decrease in your
performance will be treated more lightly
If you have more information & earlier
you see the threats & opportunities
182. 182
Once we know why it is important to be liked let’s talk about how to achieve it
Real work – delivering
value
Inefficiencies
Before
Real work – delivering
value
Inefficiencies
After
Help others
183. 183
Below the approach to befriending your colleagues
Define how to help
other and deliver
value
Allocate time for this
activity
Be proactive – ask to
help people
Help your colleagues
As for help when
you need it
185. 185
Networking within your firm is not enough. You have to reach out to
outside network as well. Below a few reasons why it is so important
You can get new opportunities not
available within your firm
You can catch new, interesting trends
earlier
You can bring those trends to your firm
and be perceived as an authority in
this area
You can learn new things
They may offer you to participate in
events, projects that will improve your
personal brand
You may get new interesting job offers
186. 186
Below the approach to networking outside your firm
Pick the form of
networking that is
comfortable for you
Allocate time for this
activity
Plan where to go
and what to do
Define KPIs for you
networking activities
Execute & track
efficiency of you
networking
188. 188
Another way to earn more is simply to be promoted to a higher position
Higher position in most cases means
higher salary
Higher position means more influence
on the firm
Higher position means more exposure
to Board Members and the outside
world
At certain level you will be entitled to
bonus schemes
At higher positions you will benefit
more from productivity gains
If you change the company at higher
position your salary gain will be
usually bigger
189. 189
Below the approach to getting promoted
Understand the
career paths that
exists in the firm
Learn the
requirements for
getting promoted
Understand the
limitations
Define with your
boss what you have
to do get promoted
Execute & track your
progress towards
promotion
In many firms you
have very limited
number of positions
directly above you
that you can fill in
In many cases the
promotion have to be
done by moving to a
different department
or region
Not all firms have
defined career paths
In many cases there
are some informal
rules i.e. director has
to have at least
certain number of
years experience in
specific department
Your promotion will
depend on the
gatekeepers
The most important of
them is usually your
direct boss or his boss
Huge importance in
some firms play the
HR Manager
191. 191
As you may remember we said that you can work more by improving
productivity. You can gain a lot also by eliminating chores at home
Real work – delivering
value
Inefficiencies
168 hours
Before
Time spend on other
chores at home
Real work – delivering
value
Inefficiencies
After
Help others
Time spend on other
chores at home
40-60 hours
192. 192
In this way we can drastically increase the time for work
Real work – delivering
value
Inefficiencies
168 hours
Real work – delivering
value
Inefficiencies
After
Help others
Before
Time spend on other
chores at home
40-60 hours
Time spend on other
chores at home
Real work – delivering
value
Inefficiencies
Remodel your life
Help others
Real work – delivering
value
193. 193
Such drastic remodeling of your life makes sense for many reasons
Specialization leads usually to
efficiency jump
You reach faster excellence level – the
10 thousand hours rule
You can generate more cash
You can deliver 2x-3x more output
than your colleagues / competitors
You reach the critical mass much
faster
You progress becomes more visible
195. 195
In many cases you have the choice to stay on your career path…..
Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10
196. 196
….or to change it to a more promising one
Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10
197. 197
Below some reasons why you should do it
Your current job may stop existing
You can gain much more if you
change the career path
You can apply part of your current
experience on the new path
You are bored with your current
career path
You find the new career path
stimulating
You want more flexibility that current
career path does not offer
199. 199
Julia has finished History and currently works as a barista in a coffee shop.
Help her decide whether it makes sense to change her career path.
200. 200
Below a few information about Julia
She currently earns
EUR 800 per month
She can become a programmer and
earn 50% more
Requalifying would cost her
EUR 4 000
As a programmer she would get 5%
salary increase every year above
what she can get now
201. 201
Personal Finance using Management
Consulting Hacks
$190
$19
For more details and content check my online course where you can find case
studies showing analyses along with detailed calculations in Excel
Click here to check my course
204. 204
In this section we will discuss useful ways that will help you generate additional
revenue streams
General framework for
additional revenue streams
Detailed discussion of
methods
Cases studies & examples
how to apply them in
practice
206. 206
In this section we will get deeper into ways to earn more
How to build your
wealth
Earn more Spend less
Be more
productive
Add new revenue
streams
Invest wisely your
money
Choose your life
partners wisely
Manage your kids
properly
Sell your services
Exchange your time
for something else
(i.e. shares)
Create assets & tools
Sell or rent your
assets & tools
Create new revenue
streams using your
assets & tools
Other (i.e. create new
business)
208. 208
In previous sections we said that thanks to better work and by doing make-
or-buy analysis we can gain a lot of time
Real work – delivering
value
Inefficiencies
168 hours
Real work – delivering
value
Inefficiencies
After
Help others
Before
Time spend on other
chores at home
40-60 hours
Time spend on other
chores at home
Real work – delivering
value
Inefficiencies
Remodel your life
Help others
Real work – delivering
value
209. 209
You can also do with this time a lot of other things that will help you earn
more money
Real work – delivering
value
Inefficiencies
168 hours
Real work – delivering
value
Inefficiencies
After
Help others
Before
Time spend on other
chores at home
40-60 hours
Time spend on other
chores at home
Real work – delivering
value
Inefficiencies
Remodel your life
Help others
?
210. 210
The additional time that we have gained by outsourcing some of the chores &
improving productivity we can apply to the following areas
Additional time
Work more for
the current
employer
Sell services to
other firms
Learn new things
that will help you
earn more
Create Assets &
Tools that you
can sell / rent
Create your own
startup
Work for other
startups
Other options i.e.
network
211. 211
As you can see selling services is one of the alternatives to working more for
the current employer
Additional time
Work more for
the current
employer
Sell services to
other firms
Learn new things
that will help me
earn more
Create Assets &
Tools that I can
sell / rent
Create my own
startup
Work for other
startups
Other options i.e.
network
212. 212
Let’s see when it may make sense to sell your services to other firms
There is no conflict of interest
There are no other legal barriers
You have / you can acquire the
skills needed
There is an easy way to get
customers
Preferably there is a marketplace
for those services
The services can be delivered
flexibly
The service will not impact
negatively you primary job
You have necessary assets, tools to
do the service
You can earn more from the service
The customer will pay you
214. 214
Let’s have a look at some services that you can provide
Transportation
and related
Uber / Lyft
DoorDash /
Postmates / Uber
Eats
Lime / Bird
Instacart
Requiring design
/ graphical skills
99designs
Fiverr
Dribbble
Guru
Data gathering /
inputting
UpWork
Freelancer
Programming /
Coding
UpWork
Freelancer
GitHub Jobs
People Per Hour
Toptal
Hired
Dice
Guru
Other
TaskRabbit
Amazon
Mechanical Turk
216. 216
By Assets we mean things that you can create and later monetize in some way
Physical assets i.e. house, garage
Blog, posts, presentations
Emailing List
Movies
YouTube channel with
subscribers
Online courses
Books
Patents
Tools
Others i.e. short music, photos
217. 217
Tools are special class of assets that needs more details. Let’s start with a short
definition
Tools are assets that can solve a problem that the user has
yet it requires certain input from the user
Tools can either automate some work done previously by
the user or do work that previously the user couldn’t do
by himself
Tools
=
218. 218
We have the following main groups of assets
Provides internal data
to users
Data on the rents in the
city provided by Airbnb
Open Baremetrics
showing internal KPIs &
metrics to external users
Automates work
Calculates something
for the user
Combines information
from different sources
Other
Emailing software
Zapier
Macro / VBA in Excel
Calculators of mortgage
related data
Calculator of net income
depending on the taxes
Offers from different
banks
Macro data reported by
different institution
Data on the sales prices
of real estates
Check lists
Templates
Standard documents
220. 220
Tools can start from a very simple form. Below some examples
Excel based sheets
Google Sheet
Power Point or PDF documents
Airtable based tools
Mobile app created with a builder
Chatbot created with a builder
Questionnaire created using Jot-
form
Calculator created using Calculoid
WordPress based theme
Others
222. 222
If you wan to monetize your assets or tools you have 3 main channels
Marketplaces
Amazon
Udemy / Skillshare
Eloquens
YouTube
Shutterstock / Adobe Stock /
Envato
Direct sales Own e-commerce
You personally
Your sales force
WordPress plugins
Shopify
GumRoad
223. 223
To support them you can consider 3 main marketing techniques
Content Marketing
You create a content that will
support your sales, creating traffic
for your sales channels
The most popular forms are posts
(blog on WordPress), presentations
(SlideShare), movies (YouTube)
Many build additional distribution
channels for the content: Instagram
page, Facebook page, LinkedIn
account, twitter account
Freemium or Free Trial
Model
Affiliate Marketing &
Referral programs
In Freemium you offer part of the
product for ever for free
In Free trial you offer the whole
product for a limited time i.e. 30
days
In Affiliate marketing you offer part
of your revenues for bringing
customers to independent Partners
Affiliate marketing is done usually
via affiliate platforms that already
have a lot of potential partners for
you
In referral programs you offer
usually some gifts (i.e. your tool,
assets for free for some time) for
bringing a user or a customer
One of the most famous referral
program was run by Dropbox – you
got additional free space for some
actions including bringing new users
225. 225
There are 5 main sources of ideas for creating Assets & Tools
Marketplaces
Books: Amazon,
SlideShare
Online courses: Udemy,
Skillshare, Coursera,
Lynda
Excel based tools:
Eloquens
Mobile Apps: App
Store, Google Play,
Amazon Appstore
Movies: YouTube,
Shutterstock, Adobe
Stock,
Music: YouTube,
Photos: Shutterstock,
Adobe Stock,
Podcasts
News about startups
that got funding
Forums Other
Smart Passive Income
The Foundation
Chris Ducker
The Foundation
Indie Hackers
Entrepreneurs On Fire
Crunchbase Reddit
Local copies of Reddit
Forums devoted to
specific topic
Facebook Groups
Product Hunt
Your own needs
The needs of your
current customers or a
group you know well
227. 227
Let’s imagine that you have to help Jorge estimate what Assets & Tools he should build
to use to the fullest potential the time he has gained by improving his productivity.
228. 228
A few information about Jorge. Try to estimate how much he can earn and
what option is better
Jorge earns 30 EUR per hour
He has managed to save 40
hours a month
He can create online course or
Excel based tools
229. 229
Below additional information on the online course
1 online course with 60 lecture
requires 240 hours of work
He can earn EUR 90 per month
from 1 course
He has to pay additionally EUR
30 per lecture for editing
230. 230
Below additional information on Excel based tools
1 Excel based tool will take him
15 hours to create
He can earn EUR 10 per month
from 1 Excel based tool
232. 232
In some cases you can create on the basis of assets and tools new additional
revenue streams. Below example of what you can do using Excel based tools
Excel based tool SaaS based tool Consulting firm
You help the
customers use or
implement the tool
You gain fees from
the consulting
hours sold to the
customer
You can up-sell him
new services and
find ideas for new
products
You earn one-off
payment from the
sales of the tool
You have no contact
with the end
customer
You earn
subscription fee
from the customer
You have direct
access to your
customers via
emailing list and in-
product
communication
You can up-sell him
new products or
upgrades (better
plans)
233. 233
Below another example of a evolution from a small YouTuber to something
entirely different and a bit unexpected
1 YouTube channel
Multiple YouTube
channels
Content Production
Firm
You have not only
YouTube channels
but also blogs,
podcasts
Content is produced
by many teams
You have multiple
revenue streams
You earn from ads,
branded content,
sponsorships
You earn only from
you own production
You earn from ads,
branded content,
sponsorships
Most of the
channels have
content produced
by your employees
Content Production
Firm & e-commerce
firm
You have not only
YouTube channels
but also blogs,
podcasts
Content is produced
by many teams
You have multiple
revenue streams
You add to your
revenue streams
income from sales
of physical or digital
products
Content Production
Firm & Brand
Owner
You use your
channels to
produce content &
create brands
Content is produced
by many teams
You have multiple
revenue streams
Majority of your
revenues comes
from licensing the
brands you have
created and
cooperation with
other brands
235. 235
Creating additional revenue stream using the Assets & Tools makes
sense under certain conditions
You can’t gain more by allocating the
time to building new assets
You can gain more from new revenue
streams than assets building
You can gain more from new revenue
streams than current works
Current assets may stop to exist or
stop to being unique
You expect a decrease in revenues
from assets
You want to build independent
business using the assets
236. 236
Personal Finance using Management
Consulting Hacks
$190
$19
For more details and content check my online course where you can find case
studies showing analyses along with detailed calculations in Excel
Click here to check my course
239. 239
It is always a good idea to calculate how much money you actually need
to live the life you want. We will discuss this issue in this short section
240. 240
We will discuss in this section the following issue
Backward logic
Retirement age if you
have no passive income
– case study
Retirement age if you
have passive income –
case study
243. 243
In this section we will discuss useful ways that will help you invest wisely
General framework for
investing wisely
Overview of some methods
and assets you can invest
into
245. 245
As you may remember we have the following general framework
How to build your
wealth
Earn more Spend less
Be more
productive
Add new revenue
streams
Invest wisely your
money
Choose your life
partners wisely
Manage your kids
properly
246. 246
In this section we will get a little bit deeper into how to invest wisely your
money
How to build your
wealth
Earn more Spend less
Be more
productive
Add new revenue
streams
Invest wisely your
money
Choose your life
partners wisely
Manage your kids
properly
Understand different
types of investment
assets
Diversify
Understand the
timing
Be rationale not
emotional
Automate
investment
Adjust your
investments to your
age
248. 248
You have 6 main groups of investment assets
Cash Bonds
Mutual funds
(active
management)
ETFs (passive
management)
Others i.e.
startups,
commodity
Returns
Real Estates
Low
Risk
Required
knowledge
Low Medium
Long term
below ETFs
Medium Medium Low - High
Low within
certain limit
Close to zero
for some
bonds
Big Big Medium Huge
Low Medium Medium Medium Big Huge
Stocks
Medium
Huge
Big
249. 249
You have 5 main groups of investment assets
Cash Bonds
Mutual funds
(active
management)
ETFs (passive
management)
Others i.e.
startups,
commodity
Returns
Real Estates
Low
1%
Risk
Required
knowledge
Low
≈ 0-3%
Medium
Below ETF
Medium
≈ 5-10%
Medium
≈ 4%
Sky is the
limit
Low within
certain limit
Close to zero
for some
bonds
Big Big Medium Huge
Low Low Medium Medium Big Huge
Stocks
Medium
≈ 5-10%
Huge
Big
251. 251
Below a few golden rules worth applying
Don’t loose the money
Check the timing
Invest small portion of your wealth
in risky assets
Invest at minimal constant pace no
matter what
Invest more in bad times
Invest less in good times
Avoid debt for majority of
investments
Adjust your investments to your
age
253. 253
There are 3 factors that will impact your investment results
Knowledge
How much you know about a class
of assets
How much you know about the
general investment landscape
How much you understand unit
economics of the business assets
How much you know about
specific asset you have bought
Timing Luck
In what part of the economical
cycle you are
Usually, when you invest at the
top of the cycle you buy assets at
too high prices
Usually, when you invest at the
bottom of the cycle you buy
assets at much lower price than
the fair value
The random things that you are
not able to account for – the
government suddenly passed the
law in your favor, the weather
was much hotter or colder than
expected, etc.
254. 254
Let’s see how important & timing is for different type of assets
Cash Bonds Stocks
Mutual funds &
ETFS
Luck
Real Estates
10%
Timing
Knowledge
20% 30% 20% 10%
0% 10% 30% 60% 50%
90% 70% 40% 20% 40%
256. 256
When it comes to stocks there 2 ways in which you can earn money
from them
Dividends
A part of the profit paid out to
shareholders
Increase in value of the
stocks
The price of the share may change
after you bought them. If it goes
up, you in theory gain. If it goes
down in theory, you lose
257. 257
Let’s see what drives the dividends and the increase in the value of
stocks / shares
Dividends
Increase in value of the
stocks
Net profit /
EBITDA
Cash from
other sources
Increase in
expected
profits
Buy Backs
258. 258
The problem with stocks is that you don’t know whether you have
bought a winner
Dow Jones 30 1999, 2000, 2010, 2019
259. 259
Now let’s have a look what kind of returns you can expect
% Dividend and % Total Return Rate
261. 261
Also with bonds you have to be very careful. Some consider them safer, yet
you must know that they differ greatly. We can divide them in 3 categories
Bonds issued by countries
Countries issue bonds to finance
mainly their public debt
They can be nominated in
different currencies
Some have fixed interest rate
some have variable interest rate
You can lose part o the invested
money or everything (100%) – if
the country goes bankrupt –
happened to many of them:
Argentina, Mexico, Brasil, Poland
Bonds issued by states,
regions
Also regions and state can issue
debts to finance projects or
refinance their public debt
Usually those bonds are less safe
than the bonds of the country of
which they are a part
You can lose part o the invested
money or everything (100%)
Bonds issued by firms
Some firms instead of taking loans
from banks issue bonds to finance
their growth.
The bonds can be backed up with
some collateral or have no
collateral at all
Usually they have offer higher
interest rate than the country in
which they are located
They are in most cases less safe
than the bonds issued by their
countries
You can lose part o the invested
money or everything (100%)
262. 262
Let’s see at some examples
Bonds issued by countries
USA
Eurozone
Switzerland
Bonds issued by states,
regions
Bonds issued by firms
Good
Potentially
Bad
Emerging
Markets
EU members
that are not
part of
Eurozone
States /
regions with
good
financial
standing that
are part of
stable
countries
Good
Potentially
Bad
States /
regions with
bad financial
standing
Firms with
great ability
to produce
cash flow no
matter what
i.e. Amazon
Firms with
high
profitability
and almost a
monopoly
Good
Potentially
Bad
Others i.e.
Toys R us
263. 263
Now let’s have a look what kind of returns you can expect
% Dividend and % Total Return Rate
265. 265
When it comes to real estates, we have 3 main groups. Majority invest in
residential real estates
Residential
Flats, apartments, houses
Commercial
Shopping malls
Offices
Warehouses
Hotels
Others
Land
266. 266
There are many ways in which you can earn money on residential real estates
Buy & rent the whole
apartment
Buy & rent rooms Light flip
Extensive flip
Daily renting (Airbnb,
Booking.com)
Subletting (Renting of
apartments that don’t
belong to you)
Buy to keep
267. 267
The great thing about real estates is that you can leverage it (take a lot of
debt. Below short example
Stocks
300
Real estate
300Amount invested
In thousands of USD
300 1 500Value of the assets
you can buy
In thousands of USD
3% 5%Yield / Interest rate /
Dividend rate
In %
9 75Cash flow generated
from the assets
In thousands of USD
269. 269
Of course real estates have their risk factors as well
Timing
Change in the status of the
district
Legal changes
Maintenance costs
Political changes
Infrastructure changes
Interest rate
Too big supply
272. 272
First let’s think about what kind of cost positions you have
Food & Drinks
Hotel
Clothes (bride and the
groom)
The band
The place / venue
Flowers
Entertainers for the kids
Church costs
Other costs
273. 273
First let’s divide the cost into 2 groups: fixed and depending on
the number of guests
Food & Drinks
Hotel
Clothes (bride and the
groom)
The band
The place / venue
Flowers
Entertainers for the kids
Church costs
Other costs
274. 274
Let’s see how we can estimate the costs of food & drinks, hotel,
place / venue
# guests
Cost of food &
drinks per 1 guest
Food & drinks costs
Hotel costs
x
# of rooms needed
Cost per 1 room
x# of guests per 1
room
# of guest requiring
hotel
% of guest
requiring hotel
÷x
# sq m (space)
Cost per 1 sq m
Place venue costs
xSpace per 1 guest
x
275. 275
Let’s see how we can estimate the costs of entertainment and flower
costs
# guests
Cost of food &
drinks per 1 guest
Food & drinks costs
Entertainment
costs
x
# of kids
Cost per 1 kid
x# of kids per 1
guest
# of guests with
kids
% of guests with
kids
xx
# of vases
Cost per 1 vase
Flower costs
x
# of guests per 1
vase
÷
276. 276
After we have calculated every cost position we have to sum them
up to get the total cost of the wedding
Food & drinks costs
Hotel costs
Cost depending on
the # of guests
Entertainment costs
Flower Costs
Place / venue costs
+
Clothes (bride and
the groom)
The band
Other costs
Church costs
Fixed costs
Total cost of the
wedding
+
+
278. 278
Issue tree - general
Area of analysis
Area 1
Problem 1
Problem 2
Possible Reason 1
Possible Reason 2
Possible Reason 3
Possible Reason 4
Possible reasonsSuspected problems
Analysis to be
performed
Analysis 1
Analysis 2
Analysis 3
Analysis 4
283. 283
Opportunity tree
Gross Margin
Sales
% Gross Margin
% Front Margin
% Back Margin
# of transactions
ATV
Traffic
% conversion
YouTube
Ads on instagram
Affiliation with bloggers
Guest blogging
Opportunities
Long form / Short form
Reduction of delivery methods
No account
Emailing for people abandoning cart
Upselling and Cross selling
Free delivery for higher tickets
Introduction of new categories
Reducing number of suppliers
Finding new suppliers
Renegotiation
285. 285
Cost drivers are causing the cost to go or down
Cost of a Udemy course
Slide preparation
Recording and editing
# of slides
Cost of 1 hour
# of hours per 1 slide
# of lectures
Cost of 1 hour
# of minutes per 1 lecture
287. 287
Let’s imagine that you have to define the personal KPIs for Giuseppe that
will help him make sure that he is increasing his chances of being happy
288. 288
A few information about Giuseppe
Giuseppe has a girlfriend
He works as a business analyst
His family, health and friends are
important to him
He also wants to get more
financially sound
289. 289
To define KPIs I would recommend following a very simple
sequence of actions
Define what areas
matter for you
Identify drivers Define output KPIs Define input KPIs Set targets for KPIs
290. 290
Let’s look how we can define KPIS for the financial well-being
Financial well-being
His net value
Area Drivers Output KPI Input KPI
Generate positive CF
Net value in EUR % of his salary not spent during the
month
Additional money invested
Additional income generated
Cash flow generated during the month
Positive cash flow generated during the
month as % of his salary
% of his salary not spent during the
month
Additional income generated
291. 291
Personal Finance using Management
Consulting Hacks
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