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MBA doing business plan competition -- trade some info?

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MBA doing business plan competition -- trade some info? [#permalink] New post 03 Feb 2013, 15:24
Hello! I'm a 2nd year MBA at McCombs, and am creating a business plan for VLIC, a pitch competition in Austin.

I have interviewed people in my MBA class and a few undergraduates who used admissions consulting for their college app.
But I think a new frontier for this industry is helping students around the world navigate the process to attending a US high schools.

I thought I would ask Veritas if they like this idea, and if so ... how would a good business startup play out? Do admissions consulting firms buy each other or sell out? I need to convince judges this is a good idea, and they will want an exit strategy.

Does anyone there know of firms that have purchased each other and for about how much?

In return for some info on M&A transactions, I can send over the business plan for your business development teams to check out!

Thank you!

Greg Whelan
McCombs Class of 2013
The University of Texas at Austin
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Re: MBA doing business plan competition -- trade some info? [#permalink] New post 04 Feb 2013, 20:46
Expert's post
Greg--thanks for your post. sounds interesting, and you may want to reach out to the home office via the Veritas website or phone number for a corporate answer. As an independant consultant, I can tell you that yes, consulting firms like VEritas and others can certainly buy out or be bought out, but it's tricky since most of the people who do the frontline work are 1099's and not employees, so what someone would be buying would essentially be the marketing machine and backoffice/website operations. Since school consulting is not really a repeat business, there would not be very much value in the customer base like other types of consulting service businesses (think traditional business consulting for example, where companies can hire a consulting firm over and over). Just my two cents.

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MBA doing business plan competition -- trade some info?

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