The Strategy Skills Podcast: Strategy | Leadership | Critical Thinking | Problem-Solving cover image

641: Former Bain & Company Director Michael Farmer — Differences Between McKinsey, Bain and BCG, Strategy Consulting, Helping Ad Agencies and Their Clients Navigate Change (Strategy Skills classics)

The Strategy Skills Podcast: Strategy | Leadership | Critical Thinking | Problem-Solving

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Advice for consultants starting their own firm

Michael recommends defining a clear expertise, securing an initial paying client, and accepting loss of corporate prestige.

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